Independent Order of Foresters held its stake in shares of Mack-Cali Realty Corporation (NYSE:CLI) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 16,278 shares of the real estate investment trust’s stock at the end of the second quarter. Independent Order of Foresters’ holdings in Mack-Cali Realty Corporation were worth $442,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CLI. Nicholas Hoffman & Company LLC. increased its stake in shares of Mack-Cali Realty Corporation by 0.5% in the first quarter. Nicholas Hoffman & Company LLC. now owns 12,705 shares of the real estate investment trust’s stock valued at $342,000 after buying an additional 60 shares during the last quarter. Liberty Mutual Group Asset Management Inc. increased its stake in shares of Mack-Cali Realty Corporation by 0.3% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 40,858 shares of the real estate investment trust’s stock valued at $1,101,000 after buying an additional 136 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Mack-Cali Realty Corporation by 5.0% in the first quarter. PNC Financial Services Group Inc. now owns 3,839 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 182 shares during the last quarter. Elkfork Partners LLC increased its stake in shares of Mack-Cali Realty Corporation by 8.0% in the first quarter. Elkfork Partners LLC now owns 4,158 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 308 shares during the last quarter. Finally, Advantus Capital Management Inc increased its stake in shares of Mack-Cali Realty Corporation by 3.2% in the first quarter. Advantus Capital Management Inc now owns 11,503 shares of the real estate investment trust’s stock valued at $310,000 after buying an additional 357 shares during the last quarter. 99.59% of the stock is owned by institutional investors.

Mack-Cali Realty Corporation (NYSE:CLI) opened at 24.80 on Wednesday. The company has a 50-day moving average price of $26.78 and a 200-day moving average price of $27.44. The stock’s market cap is $2.23 billion. Mack-Cali Realty Corporation has a one year low of $24.56 and a one year high of $29.70.

Mack-Cali Realty Corporation (NYSE:CLI) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $150.94 million. During the same period last year, the business earned $0.55 earnings per share. On average, analysts anticipate that Mack-Cali Realty Corporation will post $0.23 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Thursday, July 6th were given a dividend of $0.20 per share. The ex-dividend date was Monday, July 3rd. This is an increase from Mack-Cali Realty Corporation’s previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a yield of 3.23%. Mack-Cali Realty Corporation’s dividend payout ratio (DPR) is -307.69%.

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Several brokerages have recently weighed in on CLI. Evercore ISI reaffirmed an “outperform” rating and issued a $29.00 target price (down previously from $33.00) on shares of Mack-Cali Realty Corporation in a research report on Wednesday. Deutsche Bank AG increased their price target on Mack-Cali Realty Corporation from $28.00 to $29.00 and gave the company a “hold” rating in a report on Thursday, May 25th. BidaskClub raised Mack-Cali Realty Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. Finally, Barclays PLC reduced their price target on Mack-Cali Realty Corporation from $29.00 to $28.00 and set an “underweight” rating for the company in a report on Tuesday, July 18th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Mack-Cali Realty Corporation presently has a consensus rating of “Hold” and a consensus target price of $30.00.

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.

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

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