Mack Cali Realty Corp (NYSE:CLI) Institutional Investors 2017 Q2 Sentiment

October 13, 2017 - By Michael Collier

 Mack Cali Realty Corp (NYSE:CLI) Institutional Investors  2017 Q2 Sentiment

Sentiment for Mack Cali Realty Corp (NYSE:CLI)

Mack Cali Realty Corp (NYSE:CLI) institutional sentiment increased to 1.29 in Q2 2017. Its up 0.21, from 1.08 in 2017Q1. The ratio increased, as 103 active investment managers increased or started new stock positions, while 80 sold and decreased stakes in Mack Cali Realty Corp. The active investment managers in our partner’s database now hold: 86.91 million shares, down from 87.34 million shares in 2017Q1. Also, the number of active investment managers holding Mack Cali Realty Corp in their top 10 stock positions decreased from 2 to 1 for a decrease of 1. Sold All: 17 Reduced: 63 Increased: 77 New Position: 26.

Mack-Cali Realty Corporation is a self-administered and self-managed real estate investment trust . The company has market cap of $2.13 billion. The Firm owns and operates a real estate portfolio of Class A office and office/flex properties. It currently has negative earnings. It operates in three divisions: commercial and other real estate, multi-family real estate and multi-family services.

The stock increased 0.38% or $0.09 during the last trading session, reaching $23.7. About 437,404 shares traded. Mack Cali Realty Corp (NYSE:CLI) has risen 9.23% since October 13, 2016 and is uptrending. It has underperformed by 7.47% the S&P500.

Investors wait Mack Cali Realty Corp (NYSE:CLI) to report on October, 24. its quarterly earnings Wall Street analysts expect $0.58 earnings per share, up $0.02 or 3.57 % from last year’s $0.56 same quarter earnings. This translates into $52.13M profit for CLI giving the stock a 10.22 P/E. This is assuming the current $0.58 EPS is accurate. Mack Cali Realty Corp’s Wall Street analysts see -3.33 % negative EPS growth, taking into account the $0.60 EPS reproted in the previous quarter,

Land & Buildings Investment Management Llc holds 5.15% of its portfolio in Mack Cali Realty Corp for 735,935 shares. Weiss Multi owns 918,840 shares or 1.05% of their US portfolio. Moreover, Foundry Partners Llc has 0.52% invested in the company for 470,223 shares. The Massachusetts-based Frontier Capital Management Co Llc has invested 0.45% in the stock. Rothschild Asset Management Inc, a New York-based fund reported 1.38 million shares.#img1#

Mack Cali Realty Corp (NYSE:CLI) Ratings Coverage

Ratings analysis reveals 44% of Mack Cali Realty Corp’s analysts are positive. Out of 9 Wall Street analysts rating Mack Cali Realty Corp, 4 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $20 while the high is $3000. The stock’s average target of $25.29 is 6.71% above today’s ($23.7) share price. CLI was included in 31 notes of analysts from August 14, 2015. The firm earned “Buy” rating on Monday, November 2 by Stifel Nicolaus. The company was upgraded on Friday, September 11 by Citigroup. The stock of Mack Cali Realty Corp (NYSE:CLI) has “Buy” rating given on Monday, September 18 by Stifel Nicolaus. The firm has “Buy” rating by Stifel Nicolaus given on Friday, January 15. The firm has “Buy” rating by Evercore given on Monday, September 19. The firm has “Hold” rating by Evercore given on Tuesday, September 8. The stock has “Underweight” rating by Barclays Capital on Friday, August 18. The rating was initiated by BTIG Research with “Neutral” on Thursday, August 25. Barclays Capital maintained it with “Underweight” rating and $22 target in Wednesday, March 30 report. The firm has “Neutral” rating given on Thursday, December 17 by JP Morgan.

More notable recent Mack Cali Realty Corp (NYSE:CLI) news were published by: Nasdaq.com which released: “Mack-Cali Realty Corporation (CLI) Ex-Dividend Date Scheduled for October 02, 2017” on September 29, 2017, also Prnewswire.com with their article: “Mack-Cali Realty Corporation To Join Jersey City’s 4th Of July Celebration” published on July 03, 2017, Seekingalpha.com published: “Mack-Cali Realty’s (CLI) CEO Michael DeMarco on Q2 2017 Results – Earnings …” on August 03, 2017. More interesting news about Mack Cali Realty Corp (NYSE:CLI) were released by: Prnewswire.com and their article: “Mack-Cali Realty Corporation To Host 2017 Annual Meeting Of Stockholders” published on June 08, 2017 as well as Telegram.com‘s news article titled: “Restaurant, spa planned at Front Street apartments in Worcester” with publication date: October 11, 2017.

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