The stock of Mack Cali Realty Corp (NYSE:CLI) is a huge mover today! The stock decreased 3.12% or $0.85 on October 3, hitting $26.36. Mack Cali Realty Corp (NYSE:CLI) has risen 26.25% since March 1, 2016 and is uptrending. It has outperformed by 14.03% the S&P500.
The move comes after 7 months negative chart setup for the $2.36 billion company. It was reported on Oct, 4 by Barchart.com. We have $24.78 PT which if reached, will make NYSE:CLI worth $141.60M less.
Analysts await Mack Cali Realty Corp (NYSE:CLI) to report earnings on October, 26. They expect $0.53 EPS, up 3.92% or $0.02 from last year’s $0.51 per share. CLI’s profit will be $47.45 million for 12.43 P/E if the $0.53 EPS becomes a reality. After $0.55 actual EPS reported by Mack Cali Realty Corp for the previous quarter, Wall Street now forecasts -3.64% negative EPS growth.
Mack Cali Realty Corp (NYSE:CLI) Ratings Coverage
Out of 8 analysts covering Mack Cali Realty Corp (NYSE:CLI), 3 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 38% are positive. Mack Cali Realty Corp has been the topic of 22 analyst reports since August 14, 2015 according to StockzIntelligence Inc. Zacks upgraded the shares of CLI in a report on Monday, August 17 to “Hold” rating. As per Friday, September 11, the company rating was upgraded by Citigroup. As per Monday, November 2, the company rating was maintained by Stifel Nicolaus. Stifel Nicolaus maintained the stock with “Buy” rating in Monday, January 18 report. As per Monday, July 18, the company rating was maintained by Deutsche Bank. The stock of Mack Cali Realty Corp (NYSE:CLI) has “Underweight” rating given on Tuesday, July 19 by Barclays Capital. The stock has “Buy” rating given by Evercore on Monday, September 19. The stock has “Hold” rating given by Deutsche Bank on Monday, March 21. On Thursday, August 25 the stock rating was initiated by BTIG Research with “Neutral”. The rating was upgraded by JP Morgan on Thursday, December 17 to “Neutral”.
According to Zacks Investment Research, “Mack-Cali Realty Corp. is a fully-integrated, self-administered and self-managed real estate investment trust that owns and operates a portfolio comprised predominantly of Class A office and office/flex properties located primarily in the Northeast, as well as commercial real estate leasing, management, acquisition, development and construction businesses.”
Insitutional Activity: The institutional sentiment increased to 1.11 in 2016 Q2. Its up 0.08, from 1.03 in 2016Q1. The ratio increased, as 16 funds sold all Mack Cali Realty Corp shares owned while 74 reduced positions. 27 funds bought stakes while 73 increased positions. They now own 91.82 million shares or 0.03% less from 91.84 million shares in 2016Q1.
Jpmorgan Chase last reported 0% of its portfolio in the stock. Credit Agricole S A holds 0.01% of its portfolio in Mack Cali Realty Corp (NYSE:CLI) for 51,962 shares. Gsa Cap Llp last reported 0.02% of its portfolio in the stock. Lpl holds 0% or 11,960 shares in its portfolio. Citadel Advsr Ltd Liability last reported 403,567 shares in the company. Shinko Asset Mgmt accumulated 0% or 3,300 shares. Cornerstone Cap Management Hldgs Ltd Liability has 63,062 shares for 0.01% of their US portfolio. Gemmer Asset Mgmt Ltd accumulated 0% or 141 shares. Amica Retiree Med, a Rhode Island-based fund reported 732 shares. M&T Commercial Bank Corporation last reported 0% of its portfolio in the stock. Kempen Cap Mgmt Nv owns 70,125 shares or 0.22% of their US portfolio. Fund Mgmt, a France-based fund reported 8,900 shares. California State Teachers Retirement Sys, a California-based fund reported 187,563 shares. Private Advisor Group Inc Limited Co holds 0.02% of its portfolio in Mack Cali Realty Corp (NYSE:CLI) for 15,942 shares. Cramer Rosenthal Mcglynn Lc holds 0.23% of its portfolio in Mack Cali Realty Corp (NYSE:CLI) for 538,423 shares.
More notable recent Mack Cali Realty Corp (NYSE:CLI) news were published by: Forbes.com which released: “Ex-Dividend Reminder: The Gap, Brixmor Property Group and Mack Cali Realty” on September 29, 2016, also Therealdeal.com with their article: “Mack-Cali to buy back $250M in debt, refi 101 Hudson in JC” published on September 12, 2016, Prnewswire.com published: “Mack-Cali Realty Corporation Announces Change To Board Of Directors” on September 27, 2016. More interesting news about Mack Cali Realty Corp (NYSE:CLI) were released by: Prnewswire.com and their article: “Mack-Cali Realty Corporation Announces Investor And Analyst Day” published on September 06, 2016 as well as Wsj.com‘s news article titled: “Mack-Cali Selling Office Buildings in New York, Washington, DC” with publication date: March 14, 2016.
CLI Company Profile
Mack-Cali Realty Corporation, incorporated on May 24, 1994, is a self-administered and self-managed real estate investment trust (REIT). The Firm owns and operates a real estate portfolio of Class A office and office/flex properties located primarily in the Northeast. The Company’s divisions include commercial and other real estate, multi-family real estate, multi-family services, and corporate & other. It provides leasing, property management, acquisition, development, construction and tenant-related services for its commercial and other real estate, and multi-family real estate portfolio. It is engaged in real estate leasing, management, acquisition, development and construction services on an in-house basis. The Firm owns or has interests in approximately 270 properties, consisting of approximately 150 office and over 110 flex properties, totaling approximately 29.9 million square feet, leased to approximately 1,900 commercial tenants and over 20 multi-family rental properties containing approximately 5,640 residential units, plus developable land (collectively, the Properties). The properties are located in over seven states, primarily in the Northeast and the District of Columbia.
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