Retirement Systems of Alabama boosted its position in Mack-Cali Realty Corporation (NYSE:CLI) by 3.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 344,026 shares of the real estate investment trust’s stock after buying an additional 10,435 shares during the period. Retirement Systems of Alabama’s holdings in Mack-Cali Realty Corporation were worth $9,337,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in CLI. BlackRock Inc. boosted its stake in shares of Mack-Cali Realty Corporation by 6,678.9% in the first quarter. BlackRock Inc. now owns 11,568,140 shares of the real estate investment trust’s stock worth $311,648,000 after buying an additional 11,397,492 shares during the period. Nuveen Asset Management LLC boosted its stake in shares of Mack-Cali Realty Corporation by 233.1% in the first quarter. Nuveen Asset Management LLC now owns 1,893,742 shares of the real estate investment trust’s stock worth $51,017,000 after buying an additional 1,325,149 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Mack-Cali Realty Corporation by 60.3% in the first quarter. Bank of New York Mellon Corp now owns 3,185,577 shares of the real estate investment trust’s stock worth $85,820,000 after buying an additional 1,198,902 shares during the period. Weiss Multi Strategy Advisers LLC boosted its stake in shares of Mack-Cali Realty Corporation by 49.6% in the first quarter. Weiss Multi Strategy Advisers LLC now owns 1,823,351 shares of the real estate investment trust’s stock worth $49,121,000 after buying an additional 604,388 shares during the period. Finally, PGGM Investments boosted its stake in shares of Mack-Cali Realty Corporation by 320.6% in the first quarter. PGGM Investments now owns 762,000 shares of the real estate investment trust’s stock worth $20,528,000 after buying an additional 580,818 shares during the period. 99.59% of the stock is owned by hedge funds and other institutional investors.

Mack-Cali Realty Corporation (NYSE:CLI) opened at 24.11 on Friday. The company’s 50-day moving average is $26.28 and its 200 day moving average is $27.29. The stock’s market capitalization is $2.17 billion. Mack-Cali Realty Corporation has a 1-year low of $23.77 and a 1-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 (EPS) for the quarter, missing the Zacks’ 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 business had revenue of $162.77 million for the quarter, compared to analysts’ expectations of $150.94 million. During the same period in the previous year, the company earned $0.55 EPS. Equities analysts predict that Mack-Cali Realty Corporation will post $0.23 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Thursday, July 6th were issued a dividend of $0.20 per share. This is a positive change from Mack-Cali Realty Corporation’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Monday, July 3rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.32%. Mack-Cali Realty Corporation’s dividend payout ratio is presently -307.69%.

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CLI has been the subject of a number of analyst reports. BidaskClub raised shares of 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 objective on shares of 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. Barclays PLC reduced their price objective on shares of Mack-Cali Realty Corporation from $29.00 to $28.00 and set an “underweight” rating for the company in a research note on Tuesday, July 18th. Finally, Evercore ISI reissued an “outperform” rating and issued a $29.00 price objective (down from $33.00) on shares of Mack-Cali Realty Corporation in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Mack-Cali Realty Corporation has an average rating of “Hold” and a consensus target price of $30.00.

Mack-Cali Realty Corporation 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.

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

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