Forward Management buys $20,478,600 stake in Mack Cali Realty Corp (CLI)

Mack Cali Realty Corp (CLI) : Forward Management scooped up 695,400 additional shares in Mack Cali Realty Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 734,000 shares of Mack Cali Realty Corp which is valued at $20,478,600.Mack Cali Realty Corp makes up approximately 1.61% of Forward Management’s portfolio.

Other Hedge Funds, Including , State Treasurer State Of Michigan boosted its stake in CLI in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 36,000 shares of Mack Cali Realty Corp which is valued at $1,004,400. Mack Cali Realty Corp makes up approx 0.01% of State Treasurer State Of Michigan’s portfolio.Bartlett reduced its stake in CLI by selling 4,500 shares or 96.98% in the most recent quarter. The Hedge Fund company now holds 140 shares of CLI which is valued at $3,868. American Century Companies Inc added CLI to its portfolio by purchasing 1,081,684 company shares during the most recent quarter which is valued at $29,886,929. Mack Cali Realty Corp makes up approx 0.03% of American Century Companies Inc’s portfolio.

Mack Cali Realty Corp opened for trading at $27.6 and hit $27.85 on the upside on Monday, eventually ending the session at $27.76, with a gain of 0.47% or 0.13 points. The heightened volatility saw the trading volume jump to 2,98,898 shares. Company has a market cap of $2,489 M.

On the company’s financial health, Mack Cali Realty Corp reported $0.49 EPS for the quarter, based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus estimate of $0.49.Analysts expectations of $ 151.75.During the same quarter in the previous year, the company posted $0.43 EPS.

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 and multi-family rental properties located primarily in the Northeast. The Company operates through three segments: commercial and other real estate multi-family real estate and multi-family services. It provides leasing property management acquisition development construction and tenant-related services for its commercial and other real estate and multi-family real estate portfolio. The Company holds interests in approximately 283 properties consisting of around 264 commercial properties totaling approximately 31.0 million square feet leased to approximately 2000 commercial tenants; around 19 multi-family rental properties containing 5484 residential units and developable land. The properties are located in seven states primarily in the Northeast and the District of Columbia.

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