Barclays PLC reduced its position in Mack Cali Realty Corp (NYSE:CLI) by 31.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 135,697 shares of the real estate investment trust’s stock after selling 62,095 shares during the period. Barclays PLC owned about 0.15% of Mack Cali Realty worth $2,939,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CLI. Nuveen Asset Management LLC increased its position in shares of Mack Cali Realty by 304.2% in the second quarter. Nuveen Asset Management LLC now owns 1,693,130 shares of the real estate investment trust’s stock worth $39,433,000 after acquiring an additional 1,274,275 shares in the last quarter. Land & Buildings Investment Management LLC purchased a new position in Mack Cali Realty during the second quarter valued at approximately $15,796,000. Dalton Greiner Hartman Maher & Co. purchased a new position in Mack Cali Realty during the third quarter valued at approximately $8,714,000. Renaissance Technologies LLC grew its position in Mack Cali Realty by 5.3% during the second quarter. Renaissance Technologies LLC now owns 5,012,500 shares of the real estate investment trust’s stock valued at $116,741,000 after purchasing an additional 253,500 shares in the last quarter. Finally, Northern Trust Corp grew its position in Mack Cali Realty by 8.0% during the second quarter. Northern Trust Corp now owns 2,638,144 shares of the real estate investment trust’s stock valued at $61,442,000 after purchasing an additional 194,701 shares in the last quarter. 92.11% of the stock is currently owned by institutional investors and hedge funds.

Shares of CLI opened at $21.08 on Tuesday. The company’s 50 day moving average price is $21.71 and its 200 day moving average price is $22.27. Mack Cali Realty Corp has a 52 week low of $18.74 and a 52 week high of $24.88. The company has a market capitalization of $1.94 billion, a PE ratio of 13.12 and a beta of 1.05. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.74 and a current ratio of 0.74.

Mack Cali Realty (NYSE:CLI) last announced its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported ($0.65) EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($1.04). The company had revenue of $131.88 million for the quarter, compared to analysts’ expectations of $120.85 million. Mack Cali Realty had a net margin of 39.15% and a return on equity of 11.35%. The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 earnings per share. On average, equities analysts forecast that Mack Cali Realty Corp will post 1.6 earnings per share for the current fiscal year.

CLI has been the topic of a number of research analyst reports. Deutsche Bank boosted their price objective on shares of Mack Cali Realty from $23.00 to $24.00 and gave the company a “hold” rating in a research report on Thursday, October 10th. Evercore ISI reaffirmed a “hold” rating and set a $24.00 price objective on shares of Mack Cali Realty in a research report on Sunday, August 11th. TheStreet downgraded shares of Mack Cali Realty from a “b-” rating to a “c+” rating in a research report on Wednesday, August 28th. Zacks Investment Research raised shares of Mack Cali Realty from a “sell” rating to a “hold” rating and set a $23.00 price objective on the stock in a research report on Monday, October 14th. Finally, ValuEngine downgraded shares of Mack Cali Realty from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Mack Cali Realty presently has an average rating of “Hold” and an average target price of $24.55.

About Mack Cali Realty

One of the country's leading real estate investment trusts (REITs), Mack-Cali Realty Corporation is an owner, manager and developer of premier office and multifamily properties in select waterfront and transit-oriented markets throughout the Northeast. Mack-Cali is headquartered in Jersey City, New Jersey, and is the visionary behind the city's flourishing waterfront, where the company is leading development, improvement and place-making initiatives for Harborside, a master-planned destination comprised of class A office, luxury apartments, diverse retail and restaurants, and public spaces.

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

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