Mack Cali Realty Corp (NYSE:CLI) Shares Sold by Morgan Stanley

Morgan Stanley lessened its position in Mack Cali Realty Corp (NYSE:CLI) by 60.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,272,771 shares of the real estate investment trust’s stock after selling 1,943,947 shares during the period. Morgan Stanley owned about 1.40% of Mack Cali Realty worth $19,385,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Marshall Wace North America L.P. increased its position in Mack Cali Realty by 35.9% during the first quarter. Marshall Wace North America L.P. now owns 3,408 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 900 shares during the last quarter. Victory Capital Management Inc. increased its position in Mack Cali Realty by 2.8% during the fourth quarter. Victory Capital Management Inc. now owns 1,862,927 shares of the real estate investment trust’s stock worth $43,090,000 after purchasing an additional 50,859 shares during the last quarter. Bank of Montreal Can increased its position in Mack Cali Realty by 109.3% during the fourth quarter. Bank of Montreal Can now owns 31,637 shares of the real estate investment trust’s stock worth $732,000 after purchasing an additional 16,519 shares during the last quarter. Barclays PLC increased its position in Mack Cali Realty by 26.1% during the fourth quarter. Barclays PLC now owns 171,115 shares of the real estate investment trust’s stock worth $3,956,000 after purchasing an additional 35,418 shares during the last quarter. Finally, Assetmark Inc. acquired a new position in Mack Cali Realty during the fourth quarter worth approximately $83,000. 87.78% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently commented on CLI. JPMorgan Chase & Co. dropped their price target on shares of Mack Cali Realty from $20.00 to $17.00 and set an “underweight” rating for the company in a research report on Tuesday, May 5th. SunTrust Banks decreased their target price on shares of Mack Cali Realty from $16.00 to $15.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Citigroup decreased their target price on shares of Mack Cali Realty from $24.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Finally, TheStreet downgraded shares of Mack Cali Realty from a “c” rating to a “d+” rating in a research note on Thursday, May 7th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $21.50.

CLI opened at $15.39 on Wednesday. The stock has a market capitalization of $1.39 billion, a PE ratio of 9.93, a P/E/G ratio of 2.80 and a beta of 1.16. The firm’s fifty day moving average price is $15.49 and its 200 day moving average price is $18.49. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.68 and a quick ratio of 0.68. Mack Cali Realty Corp has a 12-month low of $12.90 and a 12-month high of $24.09.

Mack Cali Realty (NYSE:CLI) last posted its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.84). The company had revenue of $82.06 million during the quarter, compared to analyst estimates of $124.18 million. Mack Cali Realty had a negative net margin of 40.73% and a negative return on equity of 2.99%. During the same period in the prior year, the company earned $0.40 earnings per share. On average, equities research analysts forecast that Mack Cali Realty Corp will post 1.24 earnings per share for the current fiscal year.

Mack Cali Realty Profile

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.

Featured Story: What is an investor looking for in an SEC filing?

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

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