Mack Cali Realty Corp (NYSE:CLI) Director Alan G. Philibosian sold 15,000 shares of the company’s stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $27.22, for a total value of $408,300.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Mack Cali Realty Corp (NYSE:CLI) traded down 1.369% on Monday, hitting $27.025. The stock had a trading volume of 305,484 shares. The stock has a market cap of $2.42 billion, a P/E ratio of 20.741 and a beta of 1.09. The company’s 50-day moving average is $28.10 and its 200-day moving average is $27.49. Mack Cali Realty Corp has a one year low of $21.85 and a one year high of $29.70.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 13th. Stockholders of record on Wednesday, April 5th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Monday, April 3rd. Mack Cali Realty Corp’s dividend payout ratio (DPR) is 76.92%.

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Several large investors have recently bought and sold shares of the company. Capital Fund Management S.A. boosted its stake in Mack Cali Realty Corp by 207.9% in the third quarter. Capital Fund Management S.A. now owns 27,400 shares of the real estate investment trust’s stock valued at $746,000 after buying an additional 18,500 shares during the period. First Citizens Bank & Trust Co. boosted its position in shares of Mack Cali Realty Corp by 1.3% in the third quarter. First Citizens Bank & Trust Co. now owns 13,922 shares of the real estate investment trust’s stock worth $379,000 after buying an additional 183 shares during the last quarter. Rothschild Asset Management Inc. boosted its position in shares of Mack Cali Realty Corp by 3.7% in the third quarter. Rothschild Asset Management Inc. now owns 1,165,648 shares of the real estate investment trust’s stock worth $31,729,000 after buying an additional 41,740 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of Mack Cali Realty Corp by 3.2% in the third quarter. State of Alaska Department of Revenue now owns 9,400 shares of the real estate investment trust’s stock worth $255,000 after buying an additional 290 shares during the last quarter. Finally, Gateway Investment Advisers LLC boosted its position in shares of Mack Cali Realty Corp by 48.2% in the third quarter. Gateway Investment Advisers LLC now owns 94,603 shares of the real estate investment trust’s stock worth $2,575,000 after buying an additional 30,767 shares during the last quarter.

CLI has been the topic of several recent research reports. Deutsche Bank AG upped their price target on Mack Cali Realty Corp to $28.00 in a report on Monday. Zacks Investment Research upgraded Mack Cali Realty Corp from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a report on Wednesday, January 11th. Citigroup Inc downgraded Mack Cali Realty Corp from a “buy” rating to a “neutral” rating and set a $32.00 price target on the stock. in a report on Friday, December 9th. Finally, JPMorgan Chase & Co. upgraded Mack Cali Realty Corp from a “neutral” rating to an “overweight” rating and set a $31.00 price target on the stock in a report on Friday, December 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Mack Cali Realty Corp has an average rating of “Hold” and a consensus target price of $29.83.

Mack Cali Realty Corp Company Profile

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 located primarily in the Northeast. The Company’s segments include commercial and other real estate, multi-family real estate, multi-family services, and corporate & other.

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