First Trust Advisors LP Acquires 27,123 Shares of Mack Cali Realty Corp (CLI)

First Trust Advisors LP raised its holdings in Mack Cali Realty Corp (NYSE:CLI) by 96.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 55,380 shares of the real estate investment trust’s stock after buying an additional 27,123 shares during the period. First Trust Advisors LP owned 0.06% of Mack Cali Realty worth $1,194,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. California Public Employees Retirement System increased its stake in Mack Cali Realty by 4.1% in the 3rd quarter. California Public Employees Retirement System now owns 258,955 shares of the real estate investment trust’s stock valued at $6,140,000 after buying an additional 10,156 shares during the last quarter. Sei Investments Co. increased its stake in Mack Cali Realty by 13.0% in the 4th quarter. Sei Investments Co. now owns 474,030 shares of the real estate investment trust’s stock valued at $10,220,000 after buying an additional 54,430 shares during the last quarter. Commonwealth Bank of Australia increased its stake in Mack Cali Realty by 8.6% in the 3rd quarter. Commonwealth Bank of Australia now owns 934,359 shares of the real estate investment trust’s stock valued at $22,150,000 after buying an additional 73,869 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Mack Cali Realty by 2.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,163,111 shares of the real estate investment trust’s stock valued at $27,578,000 after buying an additional 26,457 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in Mack Cali Realty by 85.6% in the 3rd quarter. Wells Fargo & Company MN now owns 121,747 shares of the real estate investment trust’s stock valued at $2,887,000 after buying an additional 56,162 shares during the last quarter. Hedge funds and other institutional investors own 99.28% of the company’s stock.

How to Become a New Pot Stock Millionaire

Several equities research analysts have issued reports on the stock. ValuEngine lowered shares of Mack Cali Realty from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Stifel Nicolaus upgraded shares of Mack Cali Realty from a “sell” rating to a “hold” rating in a research note on Monday, February 26th. Barclays lowered their price objective on shares of Mack Cali Realty from $24.00 to $21.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 30th. Zacks Investment Research lowered shares of Mack Cali Realty from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Finally, Citigroup lowered their price objective on shares of Mack Cali Realty from $23.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, March 5th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $25.83.

Mack Cali Realty Corp (NYSE:CLI) opened at $16.23 on Monday. The firm has a market cap of $1,462.97, a PE ratio of 180.35, a PEG ratio of 2.63 and a beta of 1.17. Mack Cali Realty Corp has a 52 week low of $16.20 and a 52 week high of $28.57. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.87 and a current ratio of 0.87.

Mack Cali Realty (NYSE:CLI) last released its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.50). The firm had revenue of $143.53 million for the quarter, compared to analyst estimates of $146.18 million. Mack Cali Realty had a return on equity of 0.79% and a net margin of 2.16%. research analysts predict that Mack Cali Realty Corp will post 1.83 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Tuesday, April 3rd will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, April 2nd. This represents a $0.80 annualized dividend and a dividend yield of 4.93%. Mack Cali Realty’s dividend payout ratio is presently 888.99%.

In other news, CFO David J. Smetana acquired 5,800 shares of the stock in a transaction dated Tuesday, March 6th. The shares were bought at an average cost of $16.86 per share, for a total transaction of $97,788.00. Following the purchase, the chief financial officer now directly owns 5,800 shares of the company’s stock, valued at $97,788. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.80% of the stock is owned by insiders.

WARNING: This report was first published by Ticker Report and is owned by of Ticker Report. If you are reading this report on another site, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this report can be viewed at https://www.tickerreport.com/banking-finance/3301355/first-trust-advisors-lp-acquires-27123-shares-of-mack-cali-realty-corp-cli.html.

Mack Cali Realty Company Profile

Mack-Cali Realty Corporation is a self-administered and self-managed real estate investment trust (REIT). The Company owns and operates a real estate portfolio of Class A office and office/flex properties. It operates in three segments: commercial and other real estate, multi-family real estate and multi-family services.

Want to see what other hedge funds are holding CLI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mack Cali Realty Corp (NYSE:CLI).

Institutional Ownership by Quarter for Mack Cali Realty (NYSE:CLI)

Receive News & Ratings for Mack Cali Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mack Cali Realty and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Whiting Petroleum  Sets New 52-Week High and Low at $40.47
Whiting Petroleum Sets New 52-Week High and Low at $40.47
SilverBow Resources  Reaches New 52-Week High and Low at $34.76
SilverBow Resources Reaches New 52-Week High and Low at $34.76
Financial Comparison: Service Co. International  versus Yelp
Financial Comparison: Service Co. International versus Yelp
Critical Contrast: Morgan Stanley  and Its Competitors
Critical Contrast: Morgan Stanley and Its Competitors
Barfresh Food Group  vs. Lamb Weston  Head to Head Survey
Barfresh Food Group vs. Lamb Weston Head to Head Survey
Royal Bank of Canada Increases American Express  Price Target to $86.00
Royal Bank of Canada Increases American Express Price Target to $86.00


© 2006-2018 Ticker Report. Google+.