Mack Cali Realty Corp (NYSE:CLI) Institutional Investor Sentiment Is 1.29

October 13, 2017 - By Adrian Erickson

 Mack Cali Realty Corp (NYSE:CLI) Institutional Investor Sentiment Is 1.29

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 is positive, as 103 investment professionals increased and started new positions, while 80 reduced and sold their holdings in Mack Cali Realty Corp. The investment professionals in our partner’s database reported: 86.91 million shares, down from 87.34 million shares in 2017Q1. Also, the number of investment professionals holding Mack Cali Realty Corp in their top 10 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.

Analysts expect Mack Cali Realty Corp (NYSE:CLI) to report $0.58 EPS on October, 24.They anticipate $0.02 EPS change or 3.57 % from last quarter’s $0.56 EPS. CLI’s profit would be $52.13 million giving it 10.22 P/E if the $0.58 EPS is correct. After having $0.60 EPS previously, Mack Cali Realty Corp’s analysts see -3.33 % EPS growth.

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. As per Friday, September 11, the company rating was upgraded by Citigroup. Citigroup upgraded it to “Buy” rating and $24 target in Monday, September 14 report. The rating was maintained by Deutsche Bank with “Hold” on Monday, July 18. Zacks upgraded Mack Cali Realty Corp (NYSE:CLI) rating on Monday, August 17. Zacks has “Hold” rating and $23 target. The firm has “Neutral” rating by Citigroup given on Friday, December 9. Stifel Nicolaus maintained Mack Cali Realty Corp (NYSE:CLI) on Monday, January 18 with “Buy” rating. The firm has “Neutral” rating given on Thursday, August 25 by BTIG Research. The stock has “Buy” rating by Stifel Nicolaus on Friday, January 15. Zacks downgraded the shares of CLI in report on Friday, August 14 to “Buy” rating. The rating was maintained by Stifel Nicolaus on Monday, November 2 with “Buy”.

More notable recent Mack Cali Realty Corp (NYSE:CLI) news were published by: Prnewswire.com which released: “Mack-Cali Realty Corporation Declares Increased Quarterly Cash Dividend” on June 12, 2017, also Seekingalpha.com with their article: “Mack-Cali Realty’s (CLI) CEO Michael DeMarco on Q2 2017 Results – Earnings …” published on August 03, 2017, Prnewswire.com published: “Mack-Cali Realty Corporation To Present At NAREIT’s REITWeek 2017” on May 31, 2017. More interesting news about Mack Cali Realty Corp (NYSE:CLI) were released by: Nasdaq.com and their article: “Mack-Cali Realty Corporation (CLI) Ex-Dividend Date Scheduled for October 02, 2017” published on September 29, 2017 as well as Prnewswire.com‘s news article titled: “Mack-Cali Realty Corporation To Host 2017 Annual Meeting Of Stockholders” with publication date: June 08, 2017.

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