Bank of Montreal Can raised its position in Mack-Cali Realty Corporation (NYSE:CLI) by 300.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 111,442 shares of the real estate investment trust’s stock after buying an additional 83,645 shares during the period. Bank of Montreal Can owned approximately 0.12% of Mack-Cali Realty Corporation worth $3,024,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CLI. LSV Asset Management raised its position in shares of Mack-Cali Realty Corporation by 2.4% in the first quarter. LSV Asset Management now owns 3,628,591 shares of the real estate investment trust’s stock worth $97,754,000 after buying an additional 86,597 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Mack-Cali Realty Corporation by 1.2% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 88,275 shares of the real estate investment trust’s stock worth $2,378,000 after buying an additional 1,043 shares in the last quarter. State Treasurer State of Michigan raised its position in shares of Mack-Cali Realty Corporation by 1.1% in the first quarter. State Treasurer State of Michigan now owns 36,500 shares of the real estate investment trust’s stock worth $983,000 after buying an additional 400 shares in the last quarter. Great West Life Assurance Co. Can raised its position in shares of Mack-Cali Realty Corporation by 3.6% in the first quarter. Great West Life Assurance Co. Can now owns 95,502 shares of the real estate investment trust’s stock worth $2,572,000 after buying an additional 3,297 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its position in shares of Mack-Cali Realty Corporation by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 31,300 shares of the real estate investment trust’s stock worth $843,000 after buying an additional 400 shares in the last quarter. 99.59% of the stock is currently owned by institutional investors.

Shares of Mack-Cali Realty Corporation (NYSE:CLI) traded up 0.16% on Tuesday, hitting $24.89. The company’s stock had a trading volume of 62,325 shares. The company’s market cap is $2.24 billion. Mack-Cali Realty Corporation has a 52 week low of $24.59 and a 52 week high of $29.70. The stock’s 50 day moving average is $27.01 and its 200-day moving average is $27.48.

Mack-Cali Realty Corporation (NYSE:CLI) last posted its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.61 by $0.01. Mack-Cali Realty Corporation had a negative return on equity of 1.21% and a negative net margin of 3.31%. The firm had revenue of $162.77 million for the quarter, compared to analysts’ expectations of $150.94 million. During the same quarter in the previous year, the firm posted $0.55 earnings per share. On average, equities research analysts anticipate that Mack-Cali Realty Corporation will post $0.23 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Thursday, July 6th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.22%. This is a boost from Mack-Cali Realty Corporation’s previous quarterly dividend of $0.15. The ex-dividend date was Monday, July 3rd. Mack-Cali Realty Corporation’s payout ratio is presently -307.69%.

TRADEMARK VIOLATION WARNING: “Mack-Cali Realty Corporation (NYSE:CLI) Stake Boosted by Bank of Montreal Can” was posted by Daily Political and is the property of of Daily Political. If you are viewing this article on another website, it was stolen and republished in violation of US & international copyright and trademark laws. The original version of this article can be read at https://www.dailypolitical.com/2017/08/08/mack-cali-realty-corporation-nysecli-stake-boosted-by-bank-of-montreal-can.html.

A number of research analysts have weighed in on the company. BidaskClub raised Mack-Cali Realty Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 17th. Deutsche Bank AG increased their price target on Mack-Cali Realty Corporation from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Thursday, May 25th. Finally, Barclays PLC reduced their price target on Mack-Cali Realty Corporation from $29.00 to $28.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 18th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Mack-Cali Realty Corporation currently has a consensus rating of “Hold” and an average price target of $30.20.

About Mack-Cali Realty Corporation

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.

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

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