Pensionfund DSM Netherlands Acquires Shares of 52,000 Mack-Cali Realty Corporation (CLI)

Pensionfund DSM Netherlands acquired a new stake in shares of Mack-Cali Realty Corporation (NYSE:CLI) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 52,000 shares of the real estate investment trust’s stock, valued at approximately $1,233,000. Pensionfund DSM Netherlands owned 0.06% of Mack-Cali Realty Corporation at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in shares of Mack-Cali Realty Corporation by 5.0% during the first quarter. PNC Financial Services Group Inc. now owns 3,839 shares of the real estate investment trust’s stock valued at $103,000 after acquiring an additional 182 shares during the period. Riverhead Capital Management LLC increased its stake in shares of Mack-Cali Realty Corporation by 107.3% during the second quarter. Riverhead Capital Management LLC now owns 4,353 shares of the real estate investment trust’s stock valued at $118,000 after acquiring an additional 2,253 shares during the period. First Mercantile Trust Co. increased its stake in shares of Mack-Cali Realty Corporation by 1.5% during the second quarter. First Mercantile Trust Co. now owns 4,640 shares of the real estate investment trust’s stock valued at $126,000 after acquiring an additional 70 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Mack-Cali Realty Corporation by 10.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,580 shares of the real estate investment trust’s stock valued at $179,000 after acquiring an additional 628 shares during the period. Finally, LS Investment Advisors LLC increased its stake in shares of Mack-Cali Realty Corporation by 19.9% during the second quarter. LS Investment Advisors LLC now owns 7,151 shares of the real estate investment trust’s stock valued at $194,000 after acquiring an additional 1,187 shares during the period. Institutional investors and hedge funds own 99.31% of the company’s stock.

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Shares of Mack-Cali Realty Corporation (NYSE:CLI) traded up 0.51% during mid-day trading on Wednesday, reaching $23.52. 134,329 shares of the company were exchanged. The stock’s market capitalization is $2.11 billion. Mack-Cali Realty Corporation has a 12 month low of $22.70 and a 12 month high of $29.70. The firm has a 50-day moving average price of $23.46 and a 200 day moving average price of $25.86.

Mack-Cali Realty Corporation (NYSE:CLI) last posted its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.01). The business had revenue of $162.77 million for the quarter, compared to the consensus estimate of $150.94 million. Mack-Cali Realty Corporation had a negative return on equity of 1.21% and a negative net margin of 3.31%. During the same period last year, the firm earned $0.55 earnings per share. Equities research analysts anticipate that Mack-Cali Realty Corporation will post ($0.11) EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Tuesday, October 3rd were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date was Monday, October 2nd. Mack-Cali Realty Corporation’s dividend payout ratio (DPR) is -307.69%.

CLI has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Mack-Cali Realty Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. Citigroup Inc. lowered their price objective on shares of Mack-Cali Realty Corporation from $27.50 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, September 21st. Stifel Nicolaus reiterated a “buy” rating and set a $30.00 price objective on shares of Mack-Cali Realty Corporation in a research note on Thursday, September 21st. Barclays PLC lowered their price objective on shares of Mack-Cali Realty Corporation from $29.00 to $28.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 18th. Finally, BidaskClub lowered shares of Mack-Cali Realty Corporation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. Mack-Cali Realty Corporation presently has a consensus rating of “Hold” and an average price target of $28.43.

About Mack-Cali Realty Corporation

Mack-Cali Realty Corporation is a self-administered and self-managed real estate investment trust (REIT). The Company owns and operates a real estate portfolio of Class A office and office/flex properties. It operates in three segments: commercial and other real estate, multi-family real estate and multi-family services.

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

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