Guggenheim Capital LLC Lowers Position in Mack Cali Realty Corp (CLI)

Guggenheim Capital LLC decreased its stake in Mack Cali Realty Corp (NYSE:CLI) by 5.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 132,042 shares of the real estate investment trust’s stock after selling 8,350 shares during the period. Guggenheim Capital LLC’s holdings in Mack Cali Realty Corp were worth $3,832,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Elkfork Partners LLC acquired a new stake in Mack Cali Realty Corp during the fourth quarter valued at approximately $112,000. PNC Financial Services Group Inc. boosted its stake in Mack Cali Realty Corp by 1.1% in the third quarter. PNC Financial Services Group Inc. now owns 4,163 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 46 shares in the last quarter. LS Investment Advisors LLC boosted its stake in Mack Cali Realty Corp by 5.7% in the third quarter. LS Investment Advisors LLC now owns 5,729 shares of the real estate investment trust’s stock valued at $156,000 after buying an additional 307 shares in the last quarter. Suntrust Banks Inc. acquired a new stake in Mack Cali Realty Corp during the third quarter valued at approximately $248,000. Finally, ETRADE Capital Management LLC acquired a new stake in Mack Cali Realty Corp during the third quarter valued at approximately $254,000.

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

Shares of Mack Cali Realty Corp (NYSE:CLI) opened at 27.15 on Tuesday. The firm has a 50-day moving average price of $28.10 and a 200-day moving average price of $27.49. Mack Cali Realty Corp has a 52 week low of $21.85 and a 52 week high of $29.70. The firm has a market cap of $2.43 billion, a PE ratio of 20.84 and a beta of 1.09.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 13th. Investors of record on Wednesday, April 5th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.21%. The ex-dividend date is Monday, April 3rd. Mack Cali Realty Corp’s dividend payout ratio is presently 76.92%.

Your IP Address:

Several equities research analysts recently commented on CLI shares. Zacks Investment Research raised Mack Cali Realty Corp from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Wednesday, January 11th. Deutsche Bank AG raised their target price on Mack Cali Realty Corp from $27.00 to $28.00 and gave the stock a “hold” rating in a research note on Monday. Citigroup Inc cut Mack Cali Realty Corp from a “buy” rating to a “neutral” rating and set a $32.00 target price for the company. in a research note on Friday, December 9th. Finally, JPMorgan Chase & Co. raised Mack Cali Realty Corp from a “neutral” rating to an “overweight” rating and set a $31.00 target price for the company in a research note on Friday, December 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Mack Cali Realty Corp has a consensus rating of “Hold” and a consensus price target of $29.83.

In related news, Director Alan G. Philibosian sold 15,000 shares of the stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $27.22, for a total transaction of $408,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 6.73% of the company’s stock.

About Mack Cali Realty Corp

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 located primarily in the Northeast. The Company’s segments include commercial and other real estate, multi-family real estate, multi-family services, and corporate & other.

5 Day Chart for NYSE:CLI

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).

Receive News & Ratings for Mack Cali Realty Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mack Cali Realty Corp and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Nike Suspends Relationship with Maria Sharapova
Nike Suspends Relationship with Maria Sharapova
Rob Bironas Ex-Titans Kicker Dies in Car Crash
Rob Bironas Ex-Titans Kicker Dies in Car Crash
Ron Washington Leaves Texas Rangers Due to an Affair
Ron Washington Leaves Texas Rangers Due to an Affair
Jonathan Dwyer Falls in Line with Other Banned NFL Players
Jonathan Dwyer Falls in Line with Other Banned NFL Players
Tony Stewart Case Going to the Grand Jury
Tony Stewart Case Going to the Grand Jury
Oscar Pistorius “Blade Runner” Found Not Guilty of Murder
Oscar Pistorius “Blade Runner” Found Not Guilty of Murder


Leave a Reply

 
© 2006-2017 Web Breaking News.