Weiss Multi-strategy Advisers adds Mack Cali Realty Corp (CLI) to its portfolio

Mack Cali Realty Corp (CLI) : Weiss Multi-strategy Advisers added new position in Mack Cali Realty Corp during the most recent quarter end. The investment management firm now holds 650,231 shares of Mack Cali Realty Corp which is valued at $17,302,647 , the company said in a statement filed on Nov 14, 2016 with the SEC.Mack Cali Realty Corp makes up approximately 1.36% of Weiss Multi-strategy Advisers’s portfolio.

Other Hedge Funds, Including , Manufacturers Life Insurance Company The boosted its stake in CLI in the latest quarter, The investment management firm added 3,745 additional shares and now holds a total of 177,962 shares of Mack Cali Realty Corp which is valued at $4,582,522. Mack Cali Realty Corp makes up approx 0.01% of Manufacturers Life Insurance Company The’s portfolio.Alliancebernstein boosted its stake in CLI in the latest quarter, The investment management firm added 7,631 additional shares and now holds a total of 198,984 shares of Mack Cali Realty Corp which is valued at $5,038,275.Municipal Employees’ Retirement System Of Michigan boosted its stake in CLI in the latest quarter, The investment management firm added 590 additional shares and now holds a total of 40,240 shares of Mack Cali Realty Corp which is valued at $1,028,132. Mack Cali Realty Corp makes up approx 0.06% of Municipal Employees’ Retirement System Of Michigan’s portfolio.Texas Permanent School Fund reduced its stake in CLI by selling 244 shares or 0.36% in the most recent quarter. The Hedge Fund company now holds 68,295 shares of CLI which is valued at $1,725,132. Mack Cali Realty Corp makes up approx 0.02% of Texas Permanent School Fund’s portfolio. Acadian Asset Management added CLI to its portfolio by purchasing 141 company shares during the most recent quarter which is valued at $3,748.

Mack Cali Realty Corp opened for trading at $26.02 and hit $26.35 on the upside on Monday, eventually ending the session at $26.19, with a gain of 0.61% or 0.16 points. The heightened volatility saw the trading volume jump to 4,76,195 shares. Company has a market cap of $2,349 M.

On the company’s financial health, Mack Cali Realty Corp reported $0.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Oct 25, 2016. Analyst had a consensus of $0.55. The company had revenue of $157.52 million for the quarter, compared to analysts expectations of $150.88 million. The company’s revenue was up 7.8% compared to the same quarter last year.

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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