Hsbc Holdings PLC Has $283,000 Stake in Mack Cali Realty Corp (CLI)

Hsbc Holdings PLC boosted its position in shares of Mack Cali Realty Corp (NYSE:CLI) by 9.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,450 shares of the real estate investment trust’s stock after purchasing an additional 1,249 shares during the quarter. Hsbc Holdings PLC’s holdings in Mack Cali Realty were worth $283,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in CLI. BlackRock Inc. grew its position in shares of Mack Cali Realty by 1.5% during the 4th quarter. BlackRock Inc. now owns 13,220,528 shares of the real estate investment trust’s stock worth $258,991,000 after buying an additional 192,343 shares during the period. Vanguard Group Inc. grew its position in shares of Mack Cali Realty by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 12,960,200 shares of the real estate investment trust’s stock valued at $275,535,000 after purchasing an additional 311,614 shares during the period. Vanguard Group Inc grew its position in shares of Mack Cali Realty by 2.5% in the 3rd quarter. Vanguard Group Inc now owns 12,960,200 shares of the real estate investment trust’s stock valued at $275,535,000 after purchasing an additional 311,614 shares during the period. Renaissance Technologies LLC grew its position in shares of Mack Cali Realty by 14.3% in the 3rd quarter. Renaissance Technologies LLC now owns 3,990,200 shares of the real estate investment trust’s stock valued at $84,832,000 after purchasing an additional 498,595 shares during the period. Finally, Macquarie Group Ltd. grew its position in shares of Mack Cali Realty by 24.9% in the 3rd quarter. Macquarie Group Ltd. now owns 2,667,839 shares of the real estate investment trust’s stock valued at $56,718,000 after purchasing an additional 532,043 shares during the period. 98.33% of the stock is owned by hedge funds and other institutional investors.

NYSE:CLI opened at $22.46 on Tuesday. Mack Cali Realty Corp has a twelve month low of $16.42 and a twelve month high of $22.67. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 12.27 and a beta of 1.11.

Mack Cali Realty (NYSE:CLI) last released its quarterly earnings results on Wednesday, February 20th. The real estate investment trust reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. Mack Cali Realty had a return on equity of 4.62% and a net margin of 14.71%. The firm had revenue of $132.94 million during the quarter, compared to the consensus estimate of $133.43 million. During the same quarter in the prior year, the firm posted $0.50 EPS. The business’s revenue was down 7.4% on a year-over-year basis. On average, sell-side analysts forecast that Mack Cali Realty Corp will post 1.65 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Tuesday, April 2nd were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date was Monday, April 1st. Mack Cali Realty’s dividend payout ratio (DPR) is currently 43.72%.

Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Mack Cali Realty from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Deutsche Bank boosted their price objective on Mack Cali Realty from $21.00 to $23.00 and gave the company a “hold” rating in a research report on Wednesday, April 10th. BTIG Research upgraded Mack Cali Realty from a “neutral” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Tuesday, March 19th. ValuEngine upgraded Mack Cali Realty from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. Finally, SunTrust Banks lowered Mack Cali Realty from a “buy” rating to a “hold” rating in a research report on Tuesday, January 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $21.60.

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About Mack Cali Realty

One of the country's leading real estate investment trusts (REITs), 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. Mack-Cali is headquartered in Jersey City, New Jersey, and is the visionary behind the city's flourishing waterfront, where the company 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.

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

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