Mack-Cali Realty (NYSE:CLI) Has Target Of $21 Give by Analysts at Deutsche Bank. “Hold” Didn’t change.

June 27, 2018 - By Daniel Cummings

Mack-Cali Realty Corporation (NYSE:CLI) Corporate Logo

During Q1 2018 the big money sentiment decreased to 1.14. That’s change of 0.09, from 2017Q4’s 1.23. 21 investors sold all, 58 reduced holdings as Mack-Cali Realty Corporation ratio dropped. 66 grew holdings while 24 funds bought holdings. Funds hold 79.24 million shares thus 8.07% less from 2017Q4’s 86.20 million shares.

Numerixs Investment Technology Inc has invested 0.02% in Mack-Cali Realty Corporation (NYSE:CLI). Comerica Comml Bank stated it has 0.01% in Mack-Cali Realty Corporation (NYSE:CLI). Point72 Asia (Hong Kong) Limited has 1,082 shs. Principal Financial Grp Inc holds 0.01% or 381,582 shs. Indexiq Ltd Llc invested in 0.04% or 79,769 shs. Prudential Inc has 877,902 shs. 5,385 are held by Prelude Capital Management Ltd Llc. Independent Order Of Foresters accumulated 11,785 shs. Federated Pa stated it has 0% of its capital in Mack-Cali Realty Corporation (NYSE:CLI). 187 are owned by Parallax Volatility Advisers Lp. Eii Cap holds 0.09% or 9,379 shs in its capital. Financial Bank Of Montreal Can invested in 0% or 146,894 shs. Ny State Teachers Retirement System invested in 0.01% or 149,570 shs. Arrowstreet Capital Ltd Partnership owns 28,900 shs for 0% of their capital. Millennium Mgmt Ltd Company invested in 0.01% or 619,615 shs.

Mack-Cali Realty Corporation registered $1.11 million net activity with 3 insider purchases and 0 selling transactions since March 6, 2018. GANTCHER NATHAN bought 25,000 shs worth $515,000.

Reiterated Mack-Cali Realty (NYSE:CLI) Rating.

On Tuesday morning analysts note was sent to clients and investors on Mack-Cali Realty (NYSE:CLI) of its “Hold” Rating kept by equity research analysts at Deutsche Bank. The market cap company was given $21 TP that indicates 1.94 % upside potential from the last close price.

Mack-Cali Realty Corporation (NYSE:CLI) Ratings Coverage

A total of 5 analysts rate Mack-Cali Realty Corp (NYSE:CLI) as follows: 1 “Buy”, 3 “Hold” and 1 “Sell”. Тherefore 20% are bullish. (NYSE:CLI) has 7 ratings reports on Jun 27, 2018 according to StockzIntelligence. On Tuesday, June 26 the rating was maintained by Deutsche Bank with “Hold”. On Tuesday, January 30 the firm earned “Underweight” rating by Barclays Capital. On Monday, February 26 Stifel Nicolaus upgraded Mack-Cali Realty Corporation (NYSE:CLI) to “Hold” rating. On Monday, February 26 the stock has “Buy” rating by SunTrust. On Friday, February 23 the stock of Mack-Cali Realty Corporation (NYSE:CLI) has “Hold” rating given by Stifel Nicolaus. On Monday, March 5 the stock of Mack-Cali Realty Corporation (NYSE:CLI) earned “Neutral” rating by Citigroup. On Monday, January 22 the stock of Mack-Cali Realty Corporation (NYSE:CLI) has “Buy” rating given by SunTrust.

CLI touched $20.6 during the last trading session after $0.11 change.Mack-Cali Realty Corporation has volume of 27,492 shares. Since June 27, 2017 CLI has declined 31.32% and is downtrending. The stock underperformed the S&P 500 by 43.89%.

Mack-Cali Realty Corporation (NYSE:CLI)’s earnings release is expected by WallStreet on August, 1, according to Zacks. Analysts forecast $0.47 EPS. That’s $0.13 down or 21.67 % from 2017’s earnings of $0.6. The profit will be $47.16M for CLI if $0.47 EPS becomes true. -6.00 % negative EPS growth is what analysts predict. $0.50 EPS was revealed for previous quarter.

Mack-Cali Realty Corporation is a fully integrated, self-administered, self-managed real estate investment trust providing management, leasing, development, and other tenant-related services for its two-platform activities of waterfront and transit office and luxury multi-family assets.The firm is valued at $2.07 billion. Mack-Cali provides its tenants and residents with the most innovative communities that empower them to re-imagine the way they work and live.The P/E ratio is 52.42.

More recent Mack-Cali Realty Corporation (NYSE:CLI) news were announced by Globenewswire.com, Streetinsider.com and Prnewswire.com. The first one has “Market Trends Toward New Normal in TPI Composites, Beacon Roofing Supply, Piper Jaffray Companies, SunCoke …” as a title and was announced on June 22, 2018. The next is “Mack-Cali Realty (CLI) Announces Departure of Vice Chairman Mitchell E. Rudin” on June 15, 2018. And last was announced on June 04, 2018, called “Mack-Cali Realty Corporation To Host 2018 Annual Meeting Of Stockholders”.

Mack-Cali Realty Corporation (NYSE:CLI) Institutional Investors Chart

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