Teachers Insurance & Annuity Association of America continued to hold its position in Mack-Cali Realty Corporation (NYSE:CLI) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,244 shares of the real estate investment trust’s stock at the close of the second quarter. Teachers Insurance & Annuity Association of America owned approximately 0.10% of Mack-Cali Realty Corporation worth $2,476,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Mack-Cali Realty Corporation by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 13,805,834 shares of the real estate investment trust’s stock worth $371,929,000 after buying an additional 177,604 shares during the period. BlackRock Inc. raised its stake in Mack-Cali Realty Corporation by 1.2% during the 2nd quarter. BlackRock Inc. now owns 11,701,738 shares of the real estate investment trust’s stock worth $317,584,000 after buying an additional 133,598 shares during the period. LSV Asset Management raised its stake in Mack-Cali Realty Corporation by 3.6% during the 2nd quarter. LSV Asset Management now owns 3,758,691 shares of the real estate investment trust’s stock worth $102,010,000 after buying an additional 130,100 shares during the period. Bank of New York Mellon Corp raised its stake in Mack-Cali Realty Corporation by 13.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,616,014 shares of the real estate investment trust’s stock worth $98,138,000 after buying an additional 430,437 shares during the period. Finally, Frontier Capital Management Co. LLC raised its stake in Mack-Cali Realty Corporation by 5.4% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,280,910 shares of the real estate investment trust’s stock worth $61,904,000 after buying an additional 117,359 shares during the period. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Shares of Mack-Cali Realty Corporation (NYSE:CLI) opened at 23.36 on Wednesday. The firm’s 50-day moving average price is $23.85 and its 200-day moving average price is $26.32. The company’s market capitalization is $2.10 billion. Mack-Cali Realty Corporation has a one year low of $22.70 and a one year high of $29.70.

Mack-Cali Realty Corporation (NYSE:CLI) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.60 EPS for the quarter, missing the Thomson Reuters’ 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 company had revenue of $162.77 million during the quarter, compared to analysts’ expectations of $150.94 million. During the same quarter last year, the business earned $0.55 earnings per share. Analysts anticipate that Mack-Cali Realty Corporation will post ($0.06) earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Tuesday, October 3rd will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, October 2nd. This represents a $0.80 annualized dividend and a dividend yield of 3.43%. Mack-Cali Realty Corporation’s payout ratio is -307.69%.

A number of research analysts recently 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. Evercore ISI reaffirmed an “outperform” rating and set a $29.00 price target (down from $33.00) on shares of Mack-Cali Realty Corporation in a research note on Wednesday, August 9th. SunTrust Banks, Inc. raised Mack-Cali Realty Corporation from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Tuesday, September 5th. They noted that the move was a valuation call. ValuEngine downgraded Mack-Cali Realty Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Deutsche Bank AG upped 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. Three analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $29.43.

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Mack-Cali Realty Corporation 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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