Mack Cali Realty Corp (NYSE:CLI) Shares Purchased by Public Sector Pension Investment Board

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Public Sector Pension Investment Board increased its holdings in shares of Mack Cali Realty Corp (NYSE:CLI) by 92.9% in the fourth quarter, Holdings Channel reports. The firm owned 166,700 shares of the real estate investment trust’s stock after buying an additional 80,300 shares during the quarter. Public Sector Pension Investment Board’s holdings in Mack Cali Realty were worth $3,856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the business. Great West Life Assurance Co. Can grew its holdings in shares of Mack Cali Realty by 6.6% during the fourth quarter. Great West Life Assurance Co. Can now owns 129,070 shares of the real estate investment trust’s stock worth $2,961,000 after buying an additional 7,984 shares during the last quarter. Stifel Financial Corp acquired a new stake in shares of Mack Cali Realty in the 3rd quarter valued at approximately $237,000. Huntington National Bank purchased a new stake in shares of Mack Cali Realty in the fourth quarter valued at approximately $59,000. 6 Meridian boosted its stake in shares of Mack Cali Realty by 4.3% in the fourth quarter. 6 Meridian now owns 25,272 shares of the real estate investment trust’s stock valued at $585,000 after buying an additional 1,042 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in Mack Cali Realty by 27.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 45,135 shares of the real estate investment trust’s stock worth $1,044,000 after acquiring an additional 9,852 shares during the period. 94.43% of the stock is currently owned by institutional investors.

Mack Cali Realty stock traded up $0.38 during trading hours on Thursday, hitting $15.90. The stock had a trading volume of 104,627 shares, compared to its average volume of 1,477,849. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 2.47 and a beta of 1.22. Mack Cali Realty Corp has a 1-year low of $14.12 and a 1-year high of $24.88. The stock’s fifty day moving average is $19.59 and its two-hundred day moving average is $21.36.

Mack Cali Realty (NYSE:CLI) last released its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.12. The business had revenue of $86.67 million during the quarter, compared to the consensus estimate of $138.68 million. Mack Cali Realty had a return on equity of 12.39% and a net margin of 22.52%. As a group, sell-side analysts anticipate that Mack Cali Realty Corp will post 1.3 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Thursday, April 2nd will be paid a $0.20 dividend. The ex-dividend date is Wednesday, April 1st. This represents a $0.80 dividend on an annualized basis and a yield of 5.03%. Mack Cali Realty’s payout ratio is 49.38%.

CLI has been the topic of a number of recent analyst reports. Stifel Nicolaus cut shares of Mack Cali Realty from a “buy” rating to a “hold” rating and set a $24.00 price target on the stock. in a research note on Tuesday, January 7th. Evercore ISI raised shares of Mack Cali Realty from an “in-line” rating to an “outperform” rating and set a $27.00 price objective on the stock in a report on Monday, January 6th. TheStreet upgraded shares of Mack Cali Realty from a “c” rating to a “b-” rating in a research report on Tuesday, March 10th. Zacks Investment Research lowered shares of Mack Cali Realty from a “hold” rating to a “strong sell” rating and set a $20.00 target price on the stock. in a research report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. cut shares of Mack Cali Realty from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $25.00 to $20.00 in a report on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $24.14.

Mack Cali Realty Profile

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.

Read More: Cash Flow Analysis in Stock Selection

Want to see what other hedge funds are holding CLI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mack Cali Realty Corp (NYSE:CLI).

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

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