$0.44 EPS Expected for Mack-Cali Realty Corporation (CLI)

October 13, 2018 - By Marguerite Chambers

Mack-Cali Realty Corporation (NYSE:CLI) LogoInvestors sentiment increased to 1.25 in 2018 Q2. Its up 0.11, from 1.14 in 2018Q1. It is positive, as 17 investors sold Mack-Cali Realty Corporation shares while 55 reduced holdings. 26 funds opened positions while 64 raised stakes. 80.74 million shares or 1.89% more from 79.24 million shares in 2018Q1 were reported.
State Common Retirement Fund invested in 0% or 98,718 shares. Prelude Capital Mgmt Lc invested 0.04% in Mack-Cali Realty Corporation (NYSE:CLI). Liberty Mutual Asset Mgmt Incorporated has invested 0.01% in Mack-Cali Realty Corporation (NYSE:CLI). Frontier Capital Mgmt Company invested 0.32% of its portfolio in Mack-Cali Realty Corporation (NYSE:CLI). Pinebridge Investments L P has 1,180 shares for 0% of their portfolio. Citigroup owns 75,234 shares or 0% of their US portfolio. Arrowstreet Cap Partnership accumulated 337,024 shares or 0.02% of the stock. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Management has invested 0.01% in Mack-Cali Realty Corporation (NYSE:CLI). State Of New Jersey Common Pension Fund D invested 0% of its portfolio in Mack-Cali Realty Corporation (NYSE:CLI). Utd Automobile Association owns 0.15% invested in Mack-Cali Realty Corporation (NYSE:CLI) for 876,083 shares. Proshare Advsrs holds 0.01% of its portfolio in Mack-Cali Realty Corporation (NYSE:CLI) for 42,186 shares. Susquehanna Grp Llp, a Pennsylvania-based fund reported 19,523 shares. Fincl Bank Of Ny Mellon holds 1.99M shares. Jpmorgan Chase Communications has 846,746 shares for 0% of their portfolio. Great West Life Assurance Can owns 0% invested in Mack-Cali Realty Corporation (NYSE:CLI) for 100,881 shares.

Since June 14, 2018, it had 2 insider purchases, and 1 sale for $977,662 activity. Shares for $30,338 were sold by Marshall Robert Andrew on Monday, September 10.

Analysts expect Mack-Cali Realty Corporation (NYSE:CLI) to report $0.44 EPS on November, 6.They anticipate $0.13 EPS change or 22.81 % from last quarter’s $0.57 EPS. CLI’s profit would be $44.22M giving it 11.30 P/E if the $0.44 EPS is correct. After having $0.45 EPS previously, Mack-Cali Realty Corporation’s analysts see -2.22 % EPS growth. The stock increased 2.00% or $0.39 during the last trading session, reaching $19.89. About 926,273 shares traded or 76.95% up from the average. Mack-Cali Realty Corporation (NYSE:CLI) has declined 10.99% since October 13, 2017 and is downtrending. It has underperformed by 26.61% the S&P500.

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

Among 4 analysts covering Mack-Cali Realty (NYSE:CLI), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. Mack-Cali Realty had 6 analyst reports since June 26, 2018 according to SRatingsIntel. The rating was maintained by Deutsche Bank on Wednesday, August 29 with “Hold”. The rating was maintained by Citigroup with “Neutral” on Thursday, June 28. JP Morgan downgraded Mack-Cali Realty Corporation (NYSE:CLI) on Friday, October 5 to “Neutral” rating. Deutsche Bank maintained the stock with “Hold” rating in Tuesday, June 26 report. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, September 25. On Thursday, August 16 the stock rating was maintained by Stifel Nicolaus with “Hold”.

One of the country's leading Real Estate Investment Trusts , 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. The company has market cap of $2.00 billion. Mack-Cali is headquartered in Jersey City, New Jersey, and is the visionary behind the city's flourishing waterfront, where the firm 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. It has a 25.43 P/E ratio. A fully-integrated and self-managed company, Mack-Cali has provided world-class management, leasing, and development services throughout New Jersey and the surrounding region for two decades.

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

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