Mack Cali Realty Corp (CLI) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. boosted its position in Mack Cali Realty Corp (NYSE:CLI) by 5.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,225,019 shares of the real estate investment trust’s stock after buying an additional 61,908 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 1.36% of Mack Cali Realty worth $26,412,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CLI. Bank of New York Mellon Corp grew its holdings in shares of Mack Cali Realty by 53.4% during the third quarter. Bank of New York Mellon Corp now owns 5,548,255 shares of the real estate investment trust’s stock valued at $131,549,000 after purchasing an additional 1,932,241 shares during the last quarter. First Manhattan Co. grew its holdings in shares of Mack Cali Realty by 49.2% during the third quarter. First Manhattan Co. now owns 706,564 shares of the real estate investment trust’s stock valued at $16,752,000 after purchasing an additional 232,965 shares during the last quarter. Macquarie Group Ltd. grew its holdings in shares of Mack Cali Realty by 12.8% during the third quarter. Macquarie Group Ltd. now owns 1,508,404 shares of the real estate investment trust’s stock valued at $35,764,000 after purchasing an additional 171,494 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Mack Cali Realty by 13.3% during the third quarter. Victory Capital Management Inc. now owns 1,456,058 shares of the real estate investment trust’s stock valued at $34,523,000 after purchasing an additional 171,385 shares during the last quarter. Finally, Prudential Financial Inc. grew its holdings in shares of Mack Cali Realty by 40.6% during the third quarter. Prudential Financial Inc. now owns 534,818 shares of the real estate investment trust’s stock valued at $12,681,000 after purchasing an additional 154,320 shares during the last quarter. 98.00% of the stock is owned by institutional investors.

CLI has been the subject of several recent research reports. ValuEngine raised Mack Cali Realty from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Barclays decreased their price objective on Mack Cali Realty from $24.00 to $21.00 and set an “underweight” rating for the company in a report on Tuesday, January 30th. Zacks Investment Research lowered Mack Cali Realty from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. SunTrust Banks set a $28.00 price objective on Mack Cali Realty and gave the stock a “buy” rating in a report on Monday, January 22nd. Finally, Stifel Nicolaus lowered Mack Cali Realty from a “buy” rating to a “sell” rating in a report on Wednesday, November 8th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Mack Cali Realty currently has a consensus rating of “Hold” and a consensus target price of $27.17.

Mack Cali Realty Corp (NYSE:CLI) opened at $18.49 on Friday. Mack Cali Realty Corp has a fifty-two week low of $18.12 and a fifty-two week high of $29.70. The stock has a market capitalization of $1,667.91, a P/E ratio of 80.39, a P/E/G ratio of 2.61 and a beta of 1.07. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.20 and a quick ratio of 1.20.

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About Mack Cali Realty

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 (NYSE:CLI)

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