Office REITs: The New Normal
- The future of work is here, and nearly everyone besides office landlords are quite content. For office REITs, the "new normal" of hybrid work environments brings both new challenges and opportunities. Eighteen months after "two weeks to slow the spread," office utilization rates have recovered only a fraction of pre-COVID levels, particularly in dense coastal markets with longer and more transit-heavy commutes.
- 09/28/2021
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Why Is Mack-Cali (CLI) Down 2.1% Since Last Earnings Report?
- Mack-Cali (CLI) reported earnings 30 days ago. What's next for the stock?
- 08/27/2021
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Mack-Cali Realty Corporation (CLI) CEO Mahbod Nia on Q2 2021 Results - Earnings Call Transcript
- Mack-Cali Realty Corporation (CLI) CEO Mahbod Nia on Q2 2021 Results - Earnings Call Transcript
- 07/31/2021
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Mack-Cali Realty (CLI) Q2 FFO Surpass Estimates
- Mack-Cali (CLI) delivered FFO and revenue surprises of 25.00% and -1.91%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
- 07/28/2021
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Mack-Cali Realty Corporation Reports Second Quarter 2021 Results
- JERSEY CITY, N.J., July 28, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today reported its results for the second quarter 2021.
- 07/28/2021
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3 Equity REIT Stocks Poised to Stay Afloat Despite Industry Hiccups
- 3 Equity REIT Stocks Poised to Stay Afloat Despite Industry Hiccups
- 06/30/2021
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Why It Is Wise to Retain Mack-Cali Realty (CLI) Stock Now
- Investments in waterfront properties and a strong presence in high barrier-to-entry markets will act as growth drivers for Mack-Cali Realty (CLI) despite a leveraged balance sheet.
- 06/28/2021
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Mack-Cali (CLI) Disposes Suburban Office Portfolio for $84M
- Mack-Cali's (CLI) disposition of River Centre portfolio in Red Bank NJ will likely simplify the business and solidify its balance-sheet position.
- 06/15/2021
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Mack-Cali Sells Red Bank Office Portfolio for $84 Million
- JERSEY CITY, N.J., June 14, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today announces the $84 million sale of River Centre, a 639,490 square foot office portfolio in Red Bank, New Jersey to First Mile Properties, the suburban affiliate of Crown Acquisitions of New York.
- 06/14/2021
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Mack-Cali Realty Corporation (CLI) CEO Mahbod Nia on Q1 2021 Results - Earnings Call Transcript
- Mack-Cali Realty Corporation (CLI) CEO Mahbod Nia on Q1 2021 Results - Earnings Call Transcript
- 05/09/2021
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Mack-Cali (CLI) Q1 FFO Tops Estimates, Revenues & NOI Dip Y/Y
- While Mack-Cali's (CLI) multi-family residential portfolio sees decent leasing activity in the first quarter, the pandemic-led woes and high vacancy continue to dampen office portfolio performance.
- 05/07/2021
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Mack-Cali Realty (CLI) Q1 FFO Beat Estimates
- Mack-Cali (CLI) delivered FFO and revenue surprises of 28.57% and -16.14%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
- 05/06/2021
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Mack-Cali Realty Corporation Reports First Quarter 2021 Results
- JERSEY CITY, N.J., May 6, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today reported its results for the first quarter 2021.
- 05/06/2021
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Mack-Cali Announces $255 Million Sale of Short Hills Office Portfolio Advancing Suburban Office Sales Momentum
- JERSEY CITY, N.J., April 20, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today announces the $255 million sale of its Short Hills, New Jersey office portfolio, a four office building portfolio encompassing 843,300 square feet, to The Birch Group.
- 04/20/2021
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The Birch Group Acquires Four-Building Portfolio in Short Hills for $255M — One of the Largest Commercial Deals in N.J.'s Recent History
- SHORT HILLS, N.J.--(BUSINESS WIRE)--The Birch Group, a privately-held commercial real estate investor, owner and operator, today announced the $255-million acquisition of a prominent four-building portfolio in Short Hills, N.J. The off-market acquisition comes on the heels of the company's recent $77-million portfolio purchase in Morristown, and further cements its focus on acquiring prime value-add office assets across the suburbs of Northern N.J. The 843,300-square-foot portfolio comprises fo
- 04/20/2021
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Mack-Cali (CLI) Strides Ahead With Suburban Office Sale Plan
- Mack-Cali's (CLI) latest sale of the Metropark portfolio for $254 million is in line with its plans to shed the company's suburban office portfolio and focus on Harborside repositioning.
- 03/31/2021
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Why Is Mack-Cali (CLI) Up 6.5% Since Last Earnings Report?
- Mack-Cali (CLI) reported earnings 30 days ago. What's next for the stock?
- 03/27/2021
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REITs Eye Uneven Recovery
- U.S. equity markets finished modestly lower on a choppy week as assurances from the Fed of a "lower-for-longer" policy regime didn't slow the continued march higher in long-term interest rates. Retreating from record closing highs last week, the S&P 500 declined by 1.2% this past week as large-cap technology stabilized while Small-Cap stocks dipped by more than 3%.
- 03/20/2021
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Mack-Cali Realty Corporation Suspends Dividend for Remainder of 2021
- JERSEY CITY, N.J., March 19, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI), announced today that it will continue to suspend its common dividend for the remainder of 2021.
- 03/19/2021
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Dividends Raised, Rents Paid: REIT Earnings Recap
- Dividends Raised, Rents Paid: REIT Earnings Recap
- 03/08/2021
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The Past Week's Most Notable Insider Buys: Editas, Exxon Mobil, Wayfare And More
- Insider buying can be an encouraging signal for potential investors, especially when markets face uncertainty. A pair of chief executives and an executive board chair were among the insiders making purchases this week.
- 03/06/2021
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Mack-Cali Names Mahbod Nia Chief Executive Officer
- JERSEY CITY, N.J., March 3, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI), a leading owner, manager, and developer of class A office and luxury multifamily real estate throughout New Jersey, today announced that its Board of Directors (the "Board") has named Mahbod Nia...
- 03/03/2021
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Mack-Cali Realty Corporation (CLI) CEO MaryAnne Gilmartin on Q4 2020 Results - Earnings Call Transcript
- Mack-Cali Realty Corporation (CLI) CEO MaryAnne Gilmartin on Q4 2020 Results - Earnings Call Transcript
- 02/26/2021
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Mack-Cali Realty Corporation Reports Fourth Quarter and Year End 2020 Results
- JERSEY CITY, N.J., Feb. 25, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today reported its results for the fourth quarter and full year 2020. FOURTH QUARTER 2020 HIGHLIGHTS - Net income (loss) of $0.67 per diluted share for the fourth quarter 2020, as compared to $(0.64)...
- 02/25/2021
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Roseland Debuts The Capstone at Port Imperial, its Newest Luxury Rental Building on the NJ Gold Coast
- WEST NEW YORK, N.J., Feb. 4, 2021 /PRNewswire/ -- Roseland Residential Trust, a subsidiary of Mack-Cali Realty Corporation (NYSE: CLI), today announces the opening of The Capstone at Port Imperial, a new luxury residential building in Port Imperial offering stunning views of the Hudson...
- 02/04/2021
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Mack-Cali (CLI) Sells Two Residential Assets, Refinances Another
- Despite Mack-Cali's (CLI) efforts to enhance the residential portfolio and strengthen financial position with sales and refinancing, pandemic-led residential occupancy declines is concerning.
- 01/07/2021
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50 Worst-Performing Small-Cap Stocks In Q4 And 2020
- 50 Worst-Performing Small-Cap Stocks In Q4 And 2020
- 01/07/2021
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Mack-Cali Announces Sale of Riverwatch Commons and Crystal House Apartments; Refinances The Emery at Overlook Ridge
- JERSEY CITY, N.J., Jan. 6, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today announces a trio of transactions across its residential portfolio, including the sale of its interests in Riverwatch Commons in New Brunswick, NJ and Crystal House Apartments in Arlington, VA,...
- 01/06/2021
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Mack-Cali: A Coattail Idea (With A Harborside View) That Could Double
- CLI is a diversified REIT with office/residential segments that is trading ~40-60% NAV. The board of directors was recently refreshed after a proxy fight with Bow Street LLC.
- 12/21/2020
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Mack-Cali's Leverage And Office Related Risks Remain Worrisome
- High leverage and the upcoming debt repayments pose risks. The work-from-home culture is likely to impact CLI's tenants in the finance and accounting industries the most.
- 12/20/2020
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Mack-Cali Announces $61 Million Sale of 581 Main Street in Woodbridge Township, NJ
- JERSEY CITY, N.J., Dec. 3, 2020 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today announced the disposition of 581 Main Street, a 203,335-square-foot office building in Woodbridge Township, NJ. The transaction continues Mack-Cali's ongoing strategic sale of its suburban...
- 12/03/2020
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An Empire (Realty Trust) State Of Mind
- The REIT sectors benefitting from today's structural tailwinds include cell towers, data centers, life science, and single-family residential. We need to use caution to properly adapt to the changes around us.
- 11/25/2020
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Mack-Cali Announces $12.75 Million Sale of 7 Campus Drive in Parsippany, New Jersey
- JERSEY CITY, N.J., Nov. 23, 2020 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE:CLI) today announced the disposition of 7 Campus Drive, a 154,820-square-foot office building in Parsippany, NJ, to Birch Group for approximately $12.75 million. "We have been deliberate and diligent in...
- 11/23/2020
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Mack-Cali Realty Corp (CLI) CEO MaryAnne Gilmartin on Q3 2020 Results - Earnings Call Transcript
- Mack-Cali Realty Corp (CLI) CEO MaryAnne Gilmartin on Q3 2020 Results - Earnings Call Transcript
- 11/08/2020
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Mack-Cali Realty Corporation Reports Third Quarter 2020 Results
- JERSEY CITY, N.J., Nov. 4, 2020 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today reported its results for the quarter ended September 30, 2020. THIRD QUARTER 2020 HIGHLIGHTS Net income (loss) of $(0.49) per diluted share for the third quarter 2020, as compared to $(0.65) per...
- 11/04/2020
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Mack-Cali Realty Corporation : Announces Third Quarter 2020 Earnings Release Date | MarketScreener
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REITs Rally Despite October Surprise
- U.S. equity markets snapped a four-week losing streak on a frenetic week of economic data and political developments that culminated with the hospitalization of the President of the United States.
- 10/03/2020
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Here's Why My REITs Beat Your REITs
- Over the last several years we've seen larger equity REITs consistently outperform, but the gap becomes even larger with the recession.
- 09/14/2020
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Should Value Investors Pick Mack-Cali Realty (CLI) Stock?
- Is Mack-Cali Realty (CLI) a great pick from the value investor's perspective right now? Read on to know more.
- 08/13/2020
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Nisa Investment Advisors LLC Raises Holdings in Mack Cali Realty Corp (NYSE:CLI)
- Nisa Investment Advisors LLC boosted its holdings in shares of Mack Cali Realty Corp (NYSE:CLI) by 26.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,755 shares of the real estate investment trust’s stock after buying an additional 9,661 […]
- 08/05/2020
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Coronavirus update: U.S. death toll climbs to 155,000, as COVID-19 enters ‘dangerous new phase’
- The U.S. tally for new confirmed cases of the coronavirus that causes COVID-19 continued its march toward 5 million, with the death toll closing in on...
- 08/03/2020
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Mack-Cali Realty Corp (CLI) Q2 2020 Earnings Call Transcript | The Motley Fool
- CLI earnings call for the period ending June 30, 2020.
- 08/03/2020
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Mack-Cali Realty (CLI) Lags Q2 FFO and Revenue Estimates
- Mack-Cali (CLI) delivered FFO and revenue surprises of -9.68% and -38.83%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
- 08/03/2020
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Mack-Cali Realty misses FFO expectations, reports surprise revenue decline
- Mack-Cali Realty Corp. undefined reported Monday adjusted funds from operations that missed expectations has revenue surprisingly fell, as the real estate...
- 08/03/2020
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Mack-Cali Realty misses FFO expectations, reports surprise revenue decline
- Mack-Cali Realty Corp. reported Monday adjusted funds from operations that missed expectations has revenue surprisingly fell, as the real estate investment trust has experienced challenges as a result of the COVID-19 pandemic. The net loss narrowed for the quarter was $34.9 million, or 41 cents a share, after a loss of $22.1 million, or 43 cents a share, in the year-ago period. Core funds from operations, or net income before noncontrolling interests and excluding nonrecurring items, fell to 28 cents a share from 40 cents, missing the FactSet consensus of 31 cents. Total revenue fell to $72.65 million from $86.61 million, while the FactSet consensus was for an increase to $112.8 million. Office collections averaged 96% during the quarter and 98% in July, while residential collections averaged 98% in the quarter and 99% in July. The company is not providing financial guidance given the uncertainties associated with the COVID-19 pandemic. Interim Chief Executive MaryAnne Gilmartin said the company has begun its search for a permanent CEO. The stock, which was still inactive in premarket trading, has tumbled 37.7% year to date through Friday, while the SPDR Real Estate Select Services ETF has lost 6.2% and the S&P 500 has edged up 1.3%.
- 08/03/2020
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Mack-Cali Realty Corporation Reports Second Quarter 2020 Results
- Mack-Cali Realty Corporation (NYSE: CLI) today reported its results for the second quarter 2020.
- 08/03/2020
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Mack Cali Realty Corp (NYSE:CLI) Shares Sold by Royal Bank of Canada
- Royal Bank of Canada lowered its position in Mack Cali Realty Corp (NYSE:CLI) by 63.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 4,791 shares of the real estate investment trust’s stock after selling 8,301 shares during the quarter. Royal Bank of Canada’s holdings in Mack Cali Realty were worth $73,000 as of […]
- 08/03/2020
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Is This the New Vivian Meier? In a Secret Room, a Woman Discovered 8,000 Remarkable Photos Taken by Her Grandfather
- Alberto di Lenardo's never-before-seen photographs have been collected in a new book coming out this August.
- 07/31/2020
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A Slow Road To Economic Recovery.
- The big question about the economy is how much unemployment is cyclical or structural. Why the actual unemployment rate is almost 20% and not 11.2% as stated in the June payroll report.
- 07/27/2020
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Mack-Cali: Overlevered Hedge Fund Target Is A REIT To Avoid
- Mack-Cali’s Q1 2020 results were stable despite the economic devastation brought about by the coronavirus pandemic.
- 07/27/2020
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Mack-Cali Appoints MaryAnne Gilmartin Interim Chief Executive Officer
- Mack-Cali Realty Corporation (NYSE: CLI) today announced that its Board of Directors (the "Board") has appointed Board Chair MaryAnne Gilmartin Interim Chief Executive Officer. Ms. Gilmartin succeeds Michael J. DeMarco, effective immediately. The Board has formed a committee to oversee the search for a permanent CEO.
- 07/27/2020
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Mack Cali Realty (CLI) to Release Earnings on Monday
- Mack Cali Realty (NYSE:CLI) is scheduled to post its quarterly earnings results before the market opens on Monday, August 3rd. Analysts expect Mack Cali Realty to post earnings of $0.31 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link. Mack Cali Realty […]
- 07/27/2020
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Mack-Cali Realty Corporation Announces Second Quarter 2020 Earnings Release Date
- Mack-Cali Realty Corporation (NYSE: CLI) today announced that it will release its second quarter 2020 earnings results before market open on Monday, August 3, 2020 and will host a conference call with management that morning at 8:00 a.m., Eastern Time.
- 07/24/2020
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Office REIT stocks take a hit after Deutche Bank downgrades, price target cuts
- Shares of real estate investment trusts (REITs) focused on business office properties were hit hard Monday, after Deutsche Bank analyst Derek Johnston...
- 07/20/2020
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Office REIT stocks take a hit after Deutche Bank downgrades, price target cuts
- Shares of real estate investment trusts (REITs) focused on business office properties were hit hard Monday, after Deutsche Bank analyst Derek Johnston downgraded some, and cut price targets all the companies he covers, saying the outlook for the group has "dramatically changed" in the wake of the recession induced by the COVID-19 pandemic. Johnston downgraded Kilroy Realty Corp. to sell from hold, and both SL Green Realty Corp. and Paramount Group Inc. to hold from buy. "Fundamentals are likely to be strained for the forseeable future with leasing velocity decelerating as business activity remains weakened by the virus and is unlikely to fully recover for 12-to-18 months as we await a safe and effective vaccine," Johnston wrote in a note to clients. "Businesses are rethinking their office footprints as employees appear in no rush to head back into office space where they will be met with multiple restrictions which may further hamper productivity." Kilroy's stock slumped 2.2%, SL Green shares shed 4.4% and Paramount's stock dropped 3.8%. Elsewhere, shares of Boston Properties Inc. gave up 3.5%, Vornado Realty Trust slid 3.9% and Mack-Cali Realty Corp. gave up 2.3%. The SPDR Real Estate Select Sector ETF has now shed 9.9% year to date, while the S&P 500 has edged up 0.5%.
- 07/20/2020
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A Photographer Secretly Snapped Shots of New Yorkers’ Text Messages. See the Humorous and Heartbreaking Images Here
- Photographer Jeff Mermelstein’s surreptitiously taken text message pictures make up his new book “#nyc,” out now.
- 07/15/2020
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Hedge Funds Souring On Mack Cali Realty Corp (CLI)
- Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarter. You can find articles about an individual hedge fund's trades on numerous financial […]
- 07/08/2020
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Mack-Cali Realty Corporation Declares Quarterly Cash Dividend
- Mack-Cali Realty Corporation (NYSE: CLI) today announced that its Board of Directors has declared a cash dividend of $0.20 per common share (indicating an annual rate of $0.80 per common share) for the period April 1, 2020 through June 30, 2020. The dividend will be paid on July 24, 2020 to shareholders of record as of July 13, 2020.
- 07/01/2020
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Mack-Cali Realty Corporation Reschedules Annual Meeting of Stockholders to July 1, 2020
- Mack-Cali Realty Corporation (NYSE: CLI) today announced that the Company has rescheduled its 2020 Annual Meeting of Stockholders for Wednesday, July 1, 2020 at 12:00 p.m. Eastern Standard Time. Due to public health concerns associated with the ongoing coronavirus outbreak (Covid-19), and to support the health and well-being of its stockholders, the meeting will be held in a virtual-only format and stockholders will not be able to attend the Annual Meeting in person, at a physical location. As described in previously distributed proxy materials, stockholders of record of our common stock as of the close of business on April 16, 2020, the record date, are entitled to participate in the Annual Meeting.
- 06/30/2020
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Mack Cali Realty Corp (NYSE:CLI) Receives $21.14 Average Price Target from Analysts
- Shares of Mack Cali Realty Corp (NYSE:CLI) have been assigned an average recommendation of “Hold” from the ten analysts that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average […]
- 06/29/2020
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Geode Capital Management LLC Raises Stock Position in Mack Cali Realty Corp (NYSE:CLI)
- Geode Capital Management LLC increased its stake in Mack Cali Realty Corp (NYSE:CLI) by 5.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,657,760 shares of the real estate investment trust’s stock after acquiring an additional 80,648 shares during the quarter. Geode Capital […]
- 06/25/2020
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BNP Paribas Arbitrage SA Trims Stock Position in Mack Cali Realty Corp (NYSE:CLI)
- BNP Paribas Arbitrage SA trimmed its position in Mack Cali Realty Corp (NYSE:CLI) by 32.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,225 shares of the real estate investment trust’s stock after selling 8,366 shares during the quarter. BNP Paribas Arbitrage […]
- 06/24/2020
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Black Real Estate Executives Seek Lasting Change in Diversity - BNN Bloomberg
- Black real estate executives, sharing their experiences of systemic racism, said Tuesday they’re seeking lasting change from the current spotlight on inequality in the U.S.
- 06/23/2020
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Public Real-Estate Companies Are the New Way to Buy Distress | MarketScreener
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American Dream mega-mall files lawsuit against tenant it says isn’t working to open
- The mega-mall charged that a restaurant expected to open this year “acted in bad faith.”
- 06/20/2020
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Savills : Appoints Current President Mitchell Rudin as Chairman and CEO of North America
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From Bayonne To North Bergen, New Jersey's Got Virtual Renting Covered
- New Jersey leasing teams and renting prospects have been among those quick to embrace virtual touring. Throughout the Garden State, property managers have given touring-minded prospects what they want, virtually speaking.
- 06/18/2020
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Mack-Cali Realty Corporation -- Moody's announces completion of a periodic review of ratings of Mack-Cali Realty, L.P.
- Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Mack-Cali Realty, L.P. New York, June 16, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Mack-Cali Realty, L.P. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
- 06/16/2020
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Mack-Cali Appoints MaryAnne Gilmartin Board Chair
- Mack-Cali Realty Corporation (NYSE: CLI) ("Mack-Cali" or the "Company") today announced that MaryAnne Gilmartin has been elected Chair of the Board of Directors (the "Board"), effective immediately. Mack-Cali has also completed the previously announced reconstitution of its Board. In addition to Ms. Gilmartin, the reconstituted Board is comprised of Alan R. Batkin, Michael Berman, Frederic Cumenal, Tammy K. Jones, A. Akiva Katz, Nori Gerardo Lietz, Mahbod Nia, and Howard Stern.
- 06/15/2020
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Host Hotels and Resorts (NYSE:HST) & Mack Cali Realty (NYSE:CLI) Financial Contrast
- Host Hotels and Resorts (NYSE:HST) and Mack Cali Realty (NYSE:CLI) are both finance companies, but which is the better stock? We will contrast the two companies based on the strength of their profitability, institutional ownership, dividends, risk, earnings, analyst recommendations and valuation. Dividends Host Hotels and Resorts pays an annual dividend of $0.80 per share […]
- 06/15/2020
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Mack-Cali Announces Agreement With Bow Street
- Mack-Cali Realty Corporation ("Mack-Cali" or the "Company") (NYSE: CLI) today announced that it has entered into an agreement with Bow Street LLC ("Bow Street") in connection with the postponement of the Company's 2020 Annual Meeting of Stockholders (the "2020 Annual Meeting"), which was previously scheduled to occur on June 10, 2020. Under the terms of the agreement, the Mack-Cali Board of Directors (the "Board") will promptly (and in any event within 48 hours) be reconstituted to be comprised of the following nine directors, eight of whom were nominated by Bow Street and one of whom was nominated by the Company, in each case in connection with the 2020 Annual Meeting: Alan R. Batkin, Michael Berman, Frederic Cumenal, MaryAnne Gilmartin, Tammy K. Jones, A. Akiva Katz, Nori Gerardo Lietz, Mahbod Nia, and Howard Stern. Alan S. Bernikow, Michael J. DeMarco, William L. Mack, Lisa Myers, Laura H. Pomerantz, Irvin D. Reid and Rebecca Robertson will resign as directors of the Company.
- 06/11/2020
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Mack-Cali Realty Corporation Annual Meeting Adjournment
- Mack-Cali Realty Corporation (NYSE: CLI) ("Mack-Cali" or the "Company") today announced that, in connection with ongoing discussions with Bow Street Special Opportunities Fund XV, LP and certain of its affiliates, the Company is postponing its 2020 Annual Meeting of Stockholders (the "Annual Meeting") until further notice. The Company will separately announce the new date of the Annual Meeting and other information relating to the Annual Meeting.
- 06/10/2020
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Hedge fund Bow Street close to winning eight board seats at Mack-Cali, sources say
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Hedge fund Bow Street close to winning control of board at Mack-Cali, sources say
- Hedge fund Bow Street close to winning control of board at Mack-Cali, sources say
- 06/09/2020
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Bow Street Urges Mack-Cali Shareholders To Vote For All Firm's Independent Director Nominees
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2020 A Notable Years For Proxy Fights Involving Activists - ValueWalk
- It is no longer the weakest showing since 2014 but since 2017 – a year notable for ending with proxy fights involving Trian Partners
- 06/05/2020
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Mack-Cali Modifies Slate of Director Nominees in Response to Shareholder Feedback
- Mack-Cali Realty Corporation (NYSE: CLI) ("Mack-Cali" or the "Company") today announced that based on the guidance of shareholders, the Company has modified its slate of candidates standing for election to the Board of Directors at the Company's Annual Meeting of Stockholders, scheduled for June 10, 2020 (the "Annual Meeting"). The Company's slate now includes eight nominees, only three of whom have previously served on the Mack-Cali Board. Additionally, each of the Mack-Cali Board's incumbent director nominees - Lisa Myers, Laura Pomerantz and Rebecca Robertson – was elected in the last four years. The Company's CEO, Michael J. DeMarco, Alan S. Bernikow, and Dr. Irvin D. Reid, each of whom is an incumbent Mack-Cali director, will not seek reelection at the 2020 Annual Meeting. Mr. DeMarco will remain as the Company's CEO.
- 06/05/2020
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Mack-Cali (CLI) Up 9.7% Since Last Earnings Report: Can It Continue?
- Mack-Cali (CLI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- 06/05/2020
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Bow Street Responds to False Allegations Regarding its Mack-Cali Board Nominee
- Bow Street LLC (“Bow Street”) today issued the following statement regarding the unfair and untrue allegations made by Mack-Cali Realty Corporation (“
- 06/03/2020
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The Death Of The Office
- Many companies and workers are not only embracing work from home, they’re wondering why they live and work in the core of places like San Francisco in the first
- 06/02/2020
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Leading Proxy Advisory Firms ISS and Glass Lewis Recommend Mack-Cali Shareholders Vote “GOLD” to Elect Bow Street’s Nominees
- Bow Street LLC (“Bow Street”) today announced that Institutional Shareholder Services Inc. (“ISS”) and Glass, Lewis & Co., LLC (“Glass Lewis”), th
- 06/01/2020
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Edited Transcript of CLI earnings conference call or presentation 7-May-20 12:00pm GMT
- Q1 2020 Mack-Cali Realty Corp Earnings Call
- 05/31/2020
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Proxy fights for board seats may look like 2013-2018 - ValueWalk
- Activists had won 224 board seats globally year-to-date in settlements as of Tuesday, before Starboard and Wynnefield further boosted
- 05/31/2020
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Mack-Cali Comments on ISS and Glass Lewis Reports
- Mack-Cali Realty Corporation (NYSE: CLI) ("Mack-Cali" or the "Company") today issued the following statement in response to the reports issued by Institutional Shareholder Services ("ISS") and Glass Lewis & Co. ("Glass Lewis") in connection with the Company's Annual Meeting of Stockholders scheduled for June 10, 2020 (the "Annual Meeting").
- 05/29/2020
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Mack-Cali Comments on ISS and Glass Lewis Reports
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Mack-Cali's Recently Elected Independent Directors Send Letter to Shareholders
- Mack-Cali Realty Corporation (NYSE: CLI) ("Mack-Cali" or the "Company") today announced that its recently elected, independent incumbent directors, Lisa Myers, Laura Pomerantz and Rebecca Robertson, have mailed a letter to shareholders. In the letter, the directors highlight the Mack-Cali Board's open-minded, thoughtful and unwavering commitment to advancing shareholders' interests and express their collective belief that Mack-Cali has the right Board and management team to lead a new day at Mack-Cali and oversee the successful execution of Mack-Cali's transformation strategy. The letter also outlines the significant actions taken by the Board in the last year in response to shareholder feedback to position the Company to maximize shareholder value, including the Board's continued self-refreshment efforts and the adoption of best in class corporate governance practices.
- 05/28/2020
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Mack-Cali's Recently Elected Independent Directors Send Letter to Shareholders
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Mack-Cali to Hold Virtual Annual Meeting of Stockholders
- Mack-Cali Realty Corporation (NYSE: CLI) ("Mack-Cali" or the "Company") announced today that, due to the public health concerns associated with the ongoing coronavirus outbreak ("COVID-19") and to support the health and well-being of its stockholders, the location of the Company's 2020 Annual Meeting of Stockholders (the "Annual Meeting") has been changed. The previously announced date and time of the Annual Meeting (Wednesday, June 10, 2020 at 12:00 p.m., Eastern Time) will not change. However, the Annual Meeting will be held solely by remote communication, in a virtual-only format, and stockholders will not be able to attend the Annual Meeting in person at a physical location. As described in the proxy materials previously distributed by the Company in connection with the Annual Meeting, stockholders of record of our common stock as of the close of business on April 16, 2020, the record date, are entitled to participate in the Annual Meeting.
- 05/26/2020
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Mack-Cali Sends Letter to Shareholders
- Mack-Cali Realty Corporation (NYSE: CLI) ("Mack-Cali" or the "Company") today announced that it has mailed a letter to shareholders to outline the numerous steps the Mack-Cali Board of Directors has taken to welcome and work collaboratively with the directors elected following Bow Street Special Opportunities Fund XV, LP and certain of its affiliates' ("Bow Street") 2019 proxy contest. The letter also corrects the false claims Bow Street has attempted to use as grounds for their campaign for control of Mack-Cali and highlights the Bow Street nominees' conflicts of interest and affiliations with Bow Street, which call into question the nominees' ability to act as independent directors.
- 05/26/2020
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Bow Street Sends Letter to Mack-Cali Shareholders Highlighting Board’s History of Broken Promises
- Bow Street LLC (“Bow Street”) is today sending a letter to Mack-Cali Realty Corporation (“Mack-Cali” or the “Company”) (NYSE: CLI) shareholders highli
- 05/26/2020
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Edited Transcript of CLI earnings conference call or presentation 7-May-20 12:00pm GMT
- Q1 2020 Mack-Cali Realty Corp Earnings Call
- 05/24/2020
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Statement from Independent Mack-Cali Board Members Alan Batkin, Frederic Cumenal, MaryAnne Gilmartin, and Nori Gerardo Lietz
- When shareholders elected us to the Mack-Cali Board nearly a year ago, we looked forward to working collaboratively with the incumbent Directors to make thoughtful, strategic decisions in the best interests of the Company and its shareholders. Since then, despite our consistent efforts to serve as shareholder advocates, and offer new, truly independent perspectives on value creation, we have been excluded from strategic discussions and decision making. We were relegated to committee positions that were designed to be uninfluential, in a coordinated effort by CEO Michael J. DeMarco and lead independent director Alan Bernikow, to minimize our impact. Simply put, our views have been unwelcome and concerns we have raised were consistently ignored.
- 05/22/2020
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Mack-Cali Board Minority Accuses Colleagues of Ignoring Concerns
- (Bloomberg) -- Four Mack-Cali Realty Corp. directors elected last year after a proxy fight with one of the company’s largest investors are going public with claims their views are being ignored as another boardroom battle comes to a head.The foursome is taking the unusual step of issuing a rebuke of the board’s old-guard majority, arguing they are disregarding concerns about the strategic direction of the real estate investment trust.Mack-Cali is again in the midst of a proxy fight with Bow Street LLC, which owns a 4.9% stake in the company. The four directors elected with Bow Street’s backing after lengthy proxy fight last year are joining a new slate of eight directors being nominated by the dissident shareholder, who is seeking to replace the bulk of the board.“Mack-Cali has dismissed us as instruments of Bow Street in an attempt to shift attention from the severe governance problems that have hobbled the company and denied value to its shareholders,” the group said in the statement set to be made public Friday, a copy of which was reviewed by Bloomberg. “This is blatantly false.”The four argue they are all fully independent, and that their sole purpose was to serve shareholders, provide proper oversight, and ensure that the company’s decisions were rooted in strong corporate governance.Mack-Cali has refused to include the four dissident directors on its own slate for re-election. A representative for the company, based in Jersey City, New Jersey, didn’t immediately respond to a request for comment.Strategic ProcessThe company has said it remains open to ways to maximize value for shareholders, including a potential sale. It has also said it plans to run a full strategic process after it executes on its current strategy of optimizing its portfolio.The dissident foursome -- Alan Batkin, Frederic Cumenal, MaryAnne Gilmartin and Nori Gerardo Lietz -- accuse the six legacy directors of putting a “rubber stamp” on decisions favored by Chief Executive Officer Mike DeMarco and lead director, Alan Bernikow, throughout their yearlong tenure.“We believe Mack-Cali’s greatest need is for even more oversight and a board composed of a majority of truly independent voices,” the group said. “Without this, nothing will change.”Chief among their concerns is that after a lengthy strategic review at the company last year, only one of a handful of recommendations put forth by a special committee of the board was implemented or made known to shareholders, according to people familiar with the matter. In addition, the decision to pursue a sale of the company’s suburban office portfolio was already in the works, said the people, who asked not to be identified because the matter is private.Stacked CommitteeA second committee formed to evaluate acquisition proposals was stacked with legacy directors, they said.Mack-Cali has defended itself against Bow Street’s accusations that it failed to adequately explore a potential sale. It argued that a proposal from the investment firm Rizk Ventures in December wasn’t credible and lacked the necessary financing. Mack-Cali has also denied Bow Street’s claims that at least four other prospective bidders expressed interest in the company since January as “outright lies.”The four directors said in their statement Friday that they have raised concerns about the board’s committee composition and objected to the company’s strategic direction.‘Left Suffering’“The company has accused us of wanting to conduct a ‘fire sale’ of Mack-Cali,” the group said. “Nothing could be further from the truth. Our only goal is to increase shareholder value. Sadly, over the past year, we have witnessed firsthand that Mack-Cali’s legacy directors do not adhere to these same principles, and, as a result, shareholders are left suffering.”Shareholders are scheduled to vote on the matter at the company’s annual general meeting on June 10. Mack-Cali’s shares have tumbled about 37% this year, underperforming the Bloomberg U.S. REIT index, which has shed around 22%.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 05/22/2020
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Statement from Independent Mack-Cali Board Members Alan Batkin, Frederic Cumenal, MaryAnne ...
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Bow Street Releases Investor Presentation Highlighting Need for Change at Mack-Cali
- Bow Street LLC (“Bow Street”) today released an in-depth presentation to Mack-Cali Realty Corporation (“Mack-Cali” or the “Company”) (NYSE: CLI) share
- 05/19/2020
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SunTrust Robinson Humphrey Maintains Hold on Mack-Cali Realty, Lowers Price Target to $15
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Mack-Cali Realty Issues a Letter Addressing Claims Made by Shareholder Bow Street
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Mack-Cali Sends Letter to Shareholders
- Mack-Cali Realty Corporation (NYSE: CLI) ("Mack-Cali" or the "Company") today announced that it has mailed a letter to shareholders to address the misstatements and self-serving claims included in Bow Street Special Opportunities Fund XV, LP and certain of its affiliates' ("Bow Street") 2020 proxy materials and recent communications to Mack-Cali shareholders. In addition, the Company raises critical questions regarding Bow Street's vague proposed "plan", the motives of its recent actions, and the independence of its nominees and their ability to commit to their fiduciary duties.
- 05/18/2020
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Roseland Unveils The BLVD Collection Rebranding Of Luxury Residential Buildings Monaco, ...
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Stocks That Hit 52-Week Lows On Thursday
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Mack-Cali CEO Michael J. DeMarco Joins New Jersey Governor's Restart & Recovery Advisory Council
- Mack-Cali Realty Corporation (NYSE: CLI) (the "Company" or "Mack-Cali") today announced that Michael J. DeMarco, Chief Executive Officer of Mack-Cali, has been invited to serve on New Jersey's Restart & Recovery Advisory Council. The council was formed by New Jersey Governor Phil Murphy to advise state leadership on economic matters impacted by the COVID-19 pandemic. In addition to focusing on issues related to the restarting of businesses in New Jersey, the council will also work on a framework to facilitate the long-term growth of the state's economy.
- 05/13/2020
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Mack-Cali CEO Michael J. DeMarco Joins New Jersey Governor's Restart & Recovery Advisory Council
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Bow Street Urges Mack-Cali Shareholders To Vote For All Its Independent Nominees On GOLD Proxy Card
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Bow Street Responds to Mack-Cali’s Misleading Proxy Materials
- Bow Street LLC (“Bow Street”) today responded to myriad misleading statements made by Mack-Cali Realty Corporation (“Mack-Cali” or the “Company”) (NYS
- 05/12/2020
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U.S. RESEARCH ROUNDUP-Acushnet Holdings, Equity Residential, Fiserv
- Wall Street securities analysts revised their ratings and price targets
on several U.S.-listed companies, including Acushnet Holdings, Equity Residential and Fiserv, on
Monday.
HIGHLIGHTS
* Acushnet Holdings Corp : Stephens raises target price to $27 from $24
* Equity Residential : Evercore ISI raises to in-line from underperform
* Fiserv Inc : Keybanc raises target price to $115 from $108
* GTT Communications Inc : SunTrust Robinson cuts to hold from buy
* UDR Inc : Evercore ISI raises to in-line from underperform
Following is a summary of research actions on U.S. companies reported by Reuters on Monday.
Stock entries are in alphabetical order.
* Abbvie Inc : SVB Leerink raises price target to $122 from $107
* Accelerate Diagnostics Inc : Piper Sandler cuts target price to $14 from $16
* Acushnet Holdings Corp : Compass Point raises TP to $22.25 from $21.50
* Acushnet Holdings Corp : Keybanc raises target price to $31 from $28
* Acushnet Holdings Corp : Stephens raises target price to $27 from $24
* Advance Auto Parts Inc : UBS raises target price to $140 from $135
* AIG : UBS cuts target price to $45 from $49
* Air Lease Corp : Deutsche Bank cuts target price to $36 from $45
* Air Lease Corp : Stephens raises target price to $36 from $30
* Airgain Inc : Northland Capital Markets raises target price to $23
* Alarm.Com Holdings Inc : Credit Suisse cuts target price to $62 from $64
* Albemarle Corp : RBC raises target price to $66 from $64
* Albemarle Corp : SunTrust Robinson cuts target price to $65 from $90
* Allegiant Travel Co : Evercore ISI cuts target price to $95 from $100
* Allscripts Healthcare Solutions : Canaccord Genuity cuts TP to $11 from $13
* Amdocs Ltd : Citigroup cuts price target to $76 from $83
* Amedisys Inc : Raymond James cuts price target to $210 from $225
* Amedisys Inc : UBS cuts target price to $190 from $208
* American Axle & Manufacturing Holdings : Citigroup raises TP to $7.5 from $6
* American Axle & Manufacturing Holdings : RBC raises target price to $7 from $5
* American Homes 4 Rent : Evercore ISI raises target price to $27 from $25
* Ameriprise Financial Inc : RBC raises target price to $155 from $145
* Amerisourcebergen Corp : Deutsche Bank raises target price to $98 from $93
* Amphastar Pharmaceuticals Inc : BMO raises price target to $21 from $20
* Angi Homeservices Inc : Citigroup raises price target to $10 from $6.5
* Aon Plc : Citigroup cuts price target to $230 from $240
* Aon Plc : KBW raises target price to $192 from $184
* Aon Plc : UBS cuts target price to $197 from $202
* Apache Corp : CFRA cuts to sell from hold; raises price target to $9
* Apache Corp : MKM Partners cuts target price by $1 to $19
* Aptiv Plc : Benchmark cuts price target to $87 from $90
* Arch Capital Group Ltd : UBS cuts target price to $39 from $43
* Atara Biotherapeutics Inc : Jefferies cuts target price to $11 from $13
* Athene Holding Ltd : BMO cuts price target to $60 from $63
* Atricure Inc : BTIG raises target price to $56 from $45
* Atricure Inc : Needham raises target price to $63 from $49
* Atricure Inc : Oppenheimer raises price target to $52 from $45
* Atricure Inc : SVB Leerink raises price target to $55 from $50
* Autonation Inc : CFRA cuts price target by $10 to $50
* Avalonbay Communities Inc : Evercore ISI cuts target price to $181 from $189
* Avista Corp : Guggenheim cuts target price to $38 from $39
* Bain Capital Specialty Finance : Citigroup raises price target to $10 from $7.5
* Ball Corp : Citigroup cuts price target to $86 from $89
* Ball Corp : Northland Capital Markets cuts target price to $80
* Baudax Bio Inc : Oppenheimer cuts price target to $14 from $16
* Bellring Brands Inc : Stifel cuts target price to $23 from $25
* BJ's Restaurants Inc : Deutsche Bank raises target price to $27 from $26
* Bloomin' Brands Inc : BMO raises price target to $10 from $9
* Bloomin' Brands Inc : Deutsche Bank raises target price to $15 from $14
* Bloomin' Brands Inc : Guggenheim raises target price to $15 from $11
* Bloomin' Brands Inc : Raymond James cuts target price to $14 from $15
* BP Midstream Partners LP : Mizuho raises target price to $14 from $13
* Broadridge Financial Solutions : Piper Sandler cuts TP to $120 from $124
* Broadridge Financial Solutions : Rosenblatt Securities ups TP to $115 from $101
* Brookfield Infrastructure Partners LP : BMO raises price target to $46 from $45
* Brookfield Infrastructure Partners LP : Scotiabank cuts Tp to $50 from $51
* Brookfield Property Partners LP : Canaccord Genuity cuts TP to $12 from $13
* Brookfield Property Partners LP : CIBC cuts target price to $18 from $20.50
* Brookfield Property Partners LP : RBC cuts target price to $18 from $22
* Bruker Corp : BTIG cuts price target to $50 from $57
* Cabot Oil & Gas Corp : Tudor Pickering Holt cuts to hold from buy
* Calithera Biosciences Inc : Citigroup raises price target to $10 from $7
* Callaway Golf Co : >: Compass Point cuts target price to $17.50 from $20
* Callaway Golf Co : Compass Point cuts target price to $17.50 from $20
* Camden Property Trust : Evercore ISI cuts target price to $98 from $102
* Camden Property Trust : Stifel raises target price to $96 from $91
* Cardtronics Plc : D.A. Davidson cuts target price to $34 from $40
* Cardtronics Plc : SunTrust Robinson raises target price to $29 from $23
* Cargurus Inc : RBC raises target price to $25 from $22
* Carnival : HSBC raises to buy from hold; cuts target price to $15.9 from $45.3
* Carrier Global Corp : Citigroup raises price target to $20 from $17
* Carvana Co : Oppenheimer raises price target to $127 from $95
* Carvana Co : Oppenheimer raises target price to $127 from $95
* Casella Waste Systems Inc : Jefferies raises target price to $56 from $52
* Casella Waste Systems Inc : Raymond James raises target price to $56 from $49
* Casella Waste Systems Inc : Stifel raises target price to $47 from $45
* Cellectis : Citigroup cuts price target to $15 from $16
* Centurylink Inc : SunTrust Robinson cuts target price to $9 from $10
* Ceridian Hcm Holding Inc : Jefferies raises target price to $65 from $60
* Chevron Corp : Independent Research raises target price to $98 from $90; hold
* CNX Resources Corp : Tudor Pickering Holt cuts to hold from buy
* Cognizant Technology Solutions : Evercore ISI cuts target price to $53 from $55
* Cognizant Technology Solutions Corp : HSBC cuts target price to $56 from $70
* Coherus Biosciences Inc : Citigroup cuts price target to $30 from $31
* Conagra Brands Inc : SunTrust Robinson cuts to hold from buy
* Consolidated Edison Inc : Evercore ISI cuts target price to $85 from $86
* Continental Resources : TD Securities raises target price to $14.50 from $13.50
* Cooper Tire & Rubber Co : JP Morgan cuts target price to $29 from $30
* Corporate Office Properties Trust : SunTrust Robinson raises TP to $28 from $26
* Corteva Inc : RBC raises target price to $31 from $27
* Covanta Holding : Stifel raises to hold from sell; raises TP to $9.50 from $6.50
* Crocs Inc : Piper Sandler raises target price to $28 from $24
* Cross Country Healthcare Inc : BMO cuts price target to $8 from $11
* Cryoport Inc : Stephens raises target price to $23 from $21
* CVR Energy Inc : Credit Suisse raises target price to $19 from $16
* Cytomx Therapeutics Inc : Wedbush raises target price to $16 from $11
* Danaher Corp : Evercore ISI raises target price to $175 from $150
* Danaher Corp : RBC raises target price to $173 from $159
* Datadog Inc : RBC raises target price to $50 from $43
* Dentsply Sirona : Barrington Research cuts to market perform from outperform
* Dentsply Sirona Inc : UBS cuts target price to $44 from $59
* Dicerna Pharmaceuticals : SunTrust Robinson raises target price to $33 from $28
* Diebold Nixdorf Inc : JP Morgan raises target price to $7 from $6
* Diebold Nixdorf Inc : JP Morgan raises to neutral from underweight
* Discovery Inc : Rosenblatt Securities cuts price target to $24 from $27
* Dish Network Corp : RBC cuts target price to $32 from $39
* Domtar : D.A. Davidson cuts to neutral from buy; cuts TP to $26 from $44
* Domtar Corp : Scotiabank cuts target price to $29 from $30
* Domtar Corp : TD Securities raises target price to $26 from $22
* E. W. Scripps Co : Benchmark cuts target price to $15 from $24
* E. W. Scripps Co : Guggenheim raises target price to $8 from $6.50
* Edison Intl.
- 05/11/2020
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Mack-Cali (CLI) Misses on Q1 FFO, Suspends '20 Guidance
- Mack-Cali (CLI) registers same-store cash NOI growth in Q1 but withdraws current-year outlook on the coronavirus crisis.
- 05/08/2020
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Mack-Cali (CLI) Misses on Q1 FFO, Suspends '20 Guidance
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Mack-Cali says Bow Street contest puts company at 'risk' during pandemic
- Mack-Cali Realty Corp on Thursday named five new director candidates and said investment firm Bow Street Capital's plan to seize control of its board puts the real-estate investment trust at "tremendous risk" during the coronavirus outbreak.
- 05/07/2020
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Mack-Cali says Bow Street contest puts company at 'risk' during pandemic
- Mack-Cali Realty Corp on Thursday named five new director candidates and said investment firm Bow Street Capital's plan to seize control of its board puts the real-estate investment trust at "tremendous risk" during the coronavirus outbreak. The new nominees are Jamie Behar, Michael Berman, Howard Roth, Gail Steinel and Lee Wielansky. Mack-Cali took the unusual step of not renominating four directors who were elected to the board last year after having been nominated by Bow Street.
- 05/07/2020
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Mack-Cali Realty Corp (CLI) Q1 2020 Earnings Call Transcript
- CLI earnings call for the period ending March 31, 2020.
- 05/07/2020
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Mack-Cali Files Definitive Proxy Materials and Mails Letter to Shareholders
- Mack-Cali Realty Corporation (NYSE: CLI) ("Mack-Cali" or the "Company") today announced it has filed definitive proxy materials, including its definitive proxy statement and white proxy card, with the U.S. Securities and Exchange Commission in connection with Mack-Cali's Annual Meeting of Stockholders, scheduled for June 10, 2020 (the "Annual Meeting"). Mack-Cali shareholders of record as of the close of business on April 16, 2020 will be entitled to vote at the Annual Meeting.
- 05/07/2020
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Mack-Cali Realty Yesterday Reported Q1 EPS $0.330 Down From $0.400 YoY, Sales $82.057M Miss $103.790M Estimate
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Mack-Cali Files Definitive Proxy Materials and Mails Letter to Shareholders
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Mack-Cali Realty Corporation Reports First Quarter 2020 Results
- Mack-Cali Realty Corporation (NYSE: CLI) today reported its results for the first quarter 2020.
- 05/06/2020
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Bow Street pushes for more changes at Mack-Cali in proxy fight
- Investment firm Bow Street Capital said on Wednesday it wants to replace the chief executive of Mack-Cali Realty Corp, streamline the real-estate investment trust's residential assets and cut debt after its stock price tumbled 37% in the last year.
- 05/06/2020
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Bow Street pushes for more changes at Mack-Cali in proxy fight
- Investment firm Bow Street Capital said on Wednesday it wants to replace the chief executive of Mack-Cali Realty Corp, streamline the real-estate investment trust's residential assets and cut debt after its stock price tumbled 37% in the last year. Bow Street, which owns 4.5% of Mack-Cali's stock and won board seats last year, is back with a proposal to install more directors and a plan to improve operations. The investment firm wrote to shareholders on Wednesday that it is interviewing potential candidates to replace CEO Michael DeMarco and that several Bow Street director candidates have the necessary experience to become interim CEO.
- 05/06/2020
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Bearish: Analysts Just Cut Their Mack-Cali Realty Corporation (NYSE:CLI) Revenue and EPS estimates
- Market forces rained on the parade of Mack-Cali Realty Corporation (NYSE:CLI) shareholders today, when the analysts...
- 05/05/2020
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JP Morgan Maintains Underweight on Mack-Cali Realty, Lowers Price Target to $17
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Mack-Cali Realty Corporation Announces First Quarter 2020 Earnings Release Date
- Mack-Cali Realty Corporation (NYSE: CLI) today announced that it will release its first quarter 2020 earnings results after the market close on Wednesday, May 6, 2020 and will host its first quarter 2020 earnings conference call with management on Thursday, May 7, 2020 at 8:00 a.m., Eastern Time.
- 05/04/2020
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Mack-Cali Realty Corporation Announces First Quarter —…—… Earnings Release Date
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Critical Comparison: Independence Realty Trust (NYSE:IRT) versus Mack Cali Realty (NYSE:CLI)
- Mack Cali Realty (NYSE:CLI) and Independence Realty Trust (NYSE:IRT) are both small-cap finance companies, but which is the better stock? We will contrast the two companies based on the strength of their dividends, earnings, valuation, institutional ownership, risk, analyst recommendations and profitability. Analyst Ratings This is a breakdown of recent ratings for Mack Cali Realty […]
- 05/01/2020
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Towerview Llc Buys Walgreens Boots Alliance Inc, StealthGas Inc, Ryder System Inc, Sells ...
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Rocky Start To REIT Earnings Season
- U.S. equity markets finished the week modestly lower - but held on to most of their April rally - as investors look ahead to a possible reopening of the U.S. ec
- 04/25/2020
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Contrasting Saul Centers (NYSE:BFS) and Mack Cali Realty (NYSE:CLI)
- Saul Centers (NYSE:BFS) and Mack Cali Realty (NYSE:CLI) are both small-cap finance companies, but which is the superior investment? We will contrast the two companies based on the strength of their earnings, risk, profitability, valuation, dividends, institutional ownership and analyst recommendations. Analyst Recommendations This is a breakdown of current ratings and recommmendations for Saul Centers […]
- 04/25/2020
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Mack-Cali (CLI) Collects Majority of April-Rental Receipts
- Though Mack-Cali's (CLI) collection of a large part of rental receipts for April is encouraging, the coronavirus pandemic-related uncertainties remain a concern for future demand and rent payments.
- 04/24/2020
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Mack-Cali (CLI) Collects Majority of April-Rental Receipts
- Though Mack-Cali's (CLI) collection of a large part of rental receipts for April is encouraging, the coronavirus pandemic-related uncertainties remain a concern for future demand and rent payments.
- 04/24/2020
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Mack-Cali (CLI) Collects Majority of April-Rental Receipts
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Coronavirus update: Hong Kong study says China’s true case tally is likely four times as high as officially reported numbers
- China’s constantly shifting methodology for counting the number of cases of the coronavirus that causes COVID-19 has led it to greatly understate the numbers...
- 04/23/2020
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Mack-Cali collects at least 90% of April office, residential rent
- Mack-Cali Realty (NYSE:CLI) collects ~90% of office tenant rent an 96% of residential tenant rent for April as of April 20.Tenants that represent ~6% of billings, including some that have paid April r
- 04/23/2020
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Mack-Cali has collected nearly all residential rent for April, a little less for offices
- Mack-Cali Realty Corp. , a real estate investment trust focused on waterfront office and residential properties, said Thursday that it has collected 96% of residential tenant rent for April and 90% of office rent. The update is in light of New Jersey Gov. Phil Murphy's executive order earlier this month, in which non-essential construction was to ceased and essential businesses were to adopt aggressive social distancing and disinfection measures to combat the COVID-19 pandemic. "It is not known at this time whether the Governor's executive order will be extended and what, if any, impact it may have on future rent collections, and past performance and April 2020 rent collections to date are not indicative of future results," the company said in a statement. The stock, which was still inactive in premarket trading, has dropped 37.6% over the past three months, while the SPDR Real Estate Select Sector ETF has dropped 16.8% and the S&P; 500 has declined 15.8%.
- 04/23/2020
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Mack-Cali Realty Reports Collected 90% Of Office Tenant Rent As Of Apr. 20, Collected 96% Of Residential Rent
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Mack-Cali Realty Corporation Provides Update on April 2020 Rent Payments
- Mack-Cali Realty Corporation (NYSE: CLI) a waterfront centric office and residential property owner, today provided an update regarding rental collections for its office and residential portfolio, hotel and construction activities in light of New Jersey Governor Murphy's Executive Order 122 issued on April 8, 2020 and the COVID-19 pandemic. As of April 20, 2020, the Company collected approximately 90% and 96% of office and residential tenant rent for April 2020, respectively.
- 04/23/2020
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Mack-Cali Realty Corporation Provides Update on April —…—… Rent Payments
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Mack-Cali Realty Corporation -- Moody's downgrades Mack-Cali Realty's senior unsecured debt and corporate family ratings to B1, outlook remains negative
- Moody's Investors Service has downgraded Mack-Cali Realty, L.P.'s (Mack-Cali or the REIT) senior unsecured debt and corporate family ratings to B1 from Ba2 due to the increased risk that the planned disposition transactions will not be completed in a timely manner at the expected values such that the REIT's liquidity position and leverage metrics would weaken in the next few quarters. In the same rating action, Moody's has assigned a (P)B1 rating to the senior unsecured debt shelf, a (P)B2 to the subordinate debt shelf and a (P)B3 to Mack-Cali Realty Corporation's, the parent REIT, preferred shelf.
- 04/22/2020
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Macquarie Group Ltd. Purchases 392,246 Shares of Mack Cali Realty Corp (NYSE:CLI)
- Macquarie Group Ltd. raised its position in Mack Cali Realty Corp (NYSE:CLI) by 18.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,477,606 shares of the real estate investment trust’s stock after buying an additional 392,246 shares during […]
- 04/20/2020
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Ladenburg Thalmann Financial Services Inc. Acquires 2,648 Shares of Mack Cali Realty Corp (NYSE:CLI)
- Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Mack Cali Realty Corp (NYSE:CLI) by 76.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,095 shares of the real estate investment trust’s stock after acquiring an additional 2,648 shares during the period. Ladenburg Thalmann Financial […]
- 04/20/2020
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6 Meridian Raises Holdings in Mack Cali Realty Corp (NYSE:CLI)
- 6 Meridian increased its holdings in Mack Cali Realty Corp (NYSE:CLI) by 16.3% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 29,397 shares of the real estate investment trust’s stock after acquiring an additional 4,125 shares during the period. 6 Meridian’s holdings in Mack Cali Realty were […]
- 04/17/2020
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Mack Cali Realty (NYSE:CLI) Lowered to C at TheStreet
- TheStreet cut shares of Mack Cali Realty (NYSE:CLI) from a b- rating to a c rating in a research note issued to investors on Monday morning, TheStreetRatingsTable reports. Other research analysts also recently issued research reports about the company. Citigroup lowered their target price on Mack Cali Realty from $24.00 to $15.00 and set a […]
- 04/16/2020
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What You Must Know About Mack-Cali Realty Corporation’s (NYSE:CLI) Beta Value
- If you're interested in Mack-Cali Realty Corporation (NYSE:CLI), then you might want to consider its beta (a measure...
- 04/15/2020
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Shares of several real estate companies are trading lower amid market weakness as the coronavirus pandemic continues to take its toll on the economy. The virus has made it more difficult to look at and invest in real estate.
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Mack-Cali puts forth director slate with five new nominees
- After refusing to re-nominate four Bow Street-backed directors that were elected last year, Mack-Cali (NYSE:CLI) nominates five new directors in addition to its six incumbent directors.Chairman Willia
- 04/14/2020
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Mack-Cali Announces Highly Qualified Slate of Director Nominees
- Mack-Cali Realty Corporation (NYSE: CLI) (the "Company" or "Mack-Cali") today announced its slate of nominees for election to the Mack-Cali Board of Directors at the Company's 2020 Annual Meeting of Stockholders (the "Annual Meeting").
- 04/14/2020
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Mack-Cali Announces Highly Qualified Slate of Director Nominees
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In Face of COVID-19 Crisis, Jersey City Medical Center Creates Emergency Response Fund; Mack-Cali Donates Hotel Rooms, Parking, Meals and $100,000
- At Jersey City Medical Center (JCMC), hundreds of healthcare workers are on the frontline of treating patients affected by COVID-19, with many unable to return home because they don't want to get their families sick, have traveled from out-of-state to help, or simply don't have enough time to commute in between shifts. In an effort to help ease the burden of commuting for these individuals, Jersey City-based Mack-Cali Realty Corporation (NYSE: CLI) has donated 32 hotel rooms, meals, and parking at the Residence Inn Weehawken Port Imperial as well as $100,000 towards the hospital's Emergency Response Fund.
- 04/13/2020
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Bank of America Corp DE Has $4.81 Million Holdings in Mack Cali Realty Corp (NYSE:CLI)
- Bank of America Corp DE lessened its holdings in shares of Mack Cali Realty Corp (NYSE:CLI) by 6.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 207,801 shares of the real estate investment trust’s stock after selling 15,029 shares […]
- 04/13/2020
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In Face of COVID-–9 Crisis, Jersey City Medical Center Creates Emergency Response Fund; ...
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Mack Cali Realty Corp (NYSE:CLI) Receives Average Recommendation of "Hold" from Brokerages
- Shares of Mack Cali Realty Corp (NYSE:CLI) have been given an average rating of “Hold” by the nine ratings firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have issued a buy recommendation on the company. The […]
- 04/12/2020
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Mack Cali Realty Corp (NYSE:CLI) Stock Holdings Trimmed by Nuveen Asset Management LLC
- Nuveen Asset Management LLC lowered its holdings in shares of Mack Cali Realty Corp (NYSE:CLI) by 7.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 955,392 shares of the real estate investment trust’s stock after selling 82,255 shares during the period. […]
- 04/12/2020
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Geode Capital Management LLC Has $36.48 Million Holdings in Mack Cali Realty Corp (NYSE:CLI)
- Geode Capital Management LLC lifted its stake in shares of Mack Cali Realty Corp (NYSE:CLI) by 6.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,577,112 shares of the real estate investment trust’s stock after buying an additional 98,230 shares during […]
- 04/10/2020
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Mack Cali Realty (NYSE:CLI) Price Target Cut to $15.00
- Mack Cali Realty (NYSE:CLI) had its price target cut by Citigroup from $24.00 to $15.00 in a research report issued to clients and investors on Tuesday, BenzingaRatingsTable reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Citigroup‘s price target would indicate a potential downside of 6.60% from the company’s […]
- 04/09/2020
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Alliancebernstein L.P. Trims Holdings in Mack Cali Realty Corp (NYSE:CLI)
- Alliancebernstein L.P. cut its position in shares of Mack Cali Realty Corp (NYSE:CLI) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 254,865 shares of the real estate investment trust’s stock after selling 5,460 shares during the quarter. Alliancebernstein L.P. owned 0.28% […]
- 04/09/2020
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Is SailPoint Technologies Holdings, Inc. (SAIL) A Good Stock To Buy?
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 04/07/2020
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Hedge Funds Have Never Been This Bullish On Deluxe Corporation (DLX)
- Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
- 04/07/2020
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Is AssetMark Financial Holdings, Inc. (AMK) A Good Stock To Buy?
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 04/07/2020
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Hedge Funds Have Never Been This Bullish On Matador Resources Co (MTDR)
- Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
- 04/07/2020
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Is Mack Cali Realty Corp (CLI) Going to Burn These Hedge Funds?
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 04/07/2020
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Citigroup Maintains Neutral on Mack-Cali Realty, Lowers Price Target to $15
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Bow Street Releases Previously Sent Letter to Mack-Cali Lead Independent Director to Refute Mack-Cali’s False Claims
- Bow Street LLC ("Bow Street") today released a letter sent on March 27, 2020 to Mack-Cali Realty Corporation ("Mack-Cali" or the "Company") (NYSE: CLI) Lead Independent Director Alan Bernikow. In this letter, Bow Street explicitly asked Mack-Cali to include independent directors
- 04/06/2020
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Mack-Cali Sets the Record Straight Regarding Bow Street's False Statements
- Mack-Cali Realty Corporation (NYSE: CLI) (the "Company" or "Mack-Cali") today issued the following statement to set the record straight regarding the false and misleading claims included in the press release issued by Bow Street Special Opportunities Fund XV, LP and certain of its affiliates ("Bow Street") on March 31, 2020:
- 04/06/2020
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Mack-Cali Realty Issues Repose To Bow Street Capital Letter
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Mack Cali Realty Corp (NYSE:CLI) Shares Sold by Pensionfund DSM Netherlands
- Pensionfund DSM Netherlands lowered its stake in Mack Cali Realty Corp (NYSE:CLI) by 22.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,000 shares of the real estate investment trust’s stock after selling 16,000 shares during the period. Pensionfund DSM Netherlands […]
- 04/05/2020
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The Battle Between One REIT and This Activist Investor Is Only Heating Up
- Office REIT Mack-Cali said it does not plan to renominate four Bow Street-nominated directors to its board. Bow Street says Mack-Cali is showing “blatant disregard for even the most basic principles of corporate governance.”
- 04/04/2020
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Bank of New York Mellon Corp Has $30.02 Million Stake in Mack Cali Realty Corp (NYSE:CLI)
- Bank of New York Mellon Corp decreased its position in Mack Cali Realty Corp (NYSE:CLI) by 18.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,297,823 shares of the real estate investment trust’s stock after selling 288,539 shares during the quarter. Bank […]
- 04/03/2020
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WeWork pleads with landlords for rent cuts; which REITs will be hit by its melt-down?
- WeWork (WE) is contacting its landlords and pitching ways to trim as much as 30% from its liabilities, according to Bloomberg sources.The potential solutions include revenue-sharing agreements.Sources
- 04/01/2020
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Mack Cali Realty (NYSE:CLI) Hits New 1-Year Low at $13.83
- Shares of Mack Cali Realty Corp (NYSE:CLI) reached a new 52-week low on Monday . The company traded as low as $13.83 and last traded at $14.01, with a volume of 2726 shares changing hands. The stock had previously closed at $14.19. A number of research analysts have weighed in on CLI shares. BTIG Research […]
- 04/01/2020
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Mack-Cali refuses to re-nominate four directors to board
- Bow Street LLC, which owns ~4.5% of Mack-Cali Realty's (CLI -0.6%) shares of common stock, says the REIT's refusal to nominate four directors that were elected at last year's annual meeting shows a &#
- 03/31/2020
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Bow Street Comments on Mack-Cali’s Unprecedented Action to Refuse Re-Nominating Four Highly-Qualified, Independent Directors Overwhelmingly Elected at 2019 Annual Meeting
- Bow Street LLC ("Bow Street"), a New York-based investment firm that beneficially owns approximately 4.5% of the outstanding shares of common stock of Mack-Cali Realty Corporation ("Mack-Cali" or the "Company") (NYSE:CLI), today issued the following statement in response
- 03/31/2020
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Mack-Cali says it won't re-nominate directors elected in 2019 proxy contest
- Mack-Cali Realty Corp said it will not re-nominate the four directors who were elected to the real estate investment trust's board last year after investment firm Bow Street proposed them in a proxy contest. The company said it hired a search firm to replace the four people it won't re-nominate. Bow Street said on Tuesday that the company's decision, announced late on Monday, signals a "blatant disregard" for corporate governance principles.
- 03/31/2020
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Analysts Just Made An Upgrade To Their Mack-Cali Realty Corporation (NYSE:CLI) Forecasts
- Mack-Cali Realty Corporation (NYSE:CLI) shareholders will have a reason to smile today, with the analysts making...
- 03/31/2020
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Mack-Cali Board Forms Annual Meeting Committee
- Mack-Cali Realty Corporation (NYSE: CLI) (the "Company" or "Mack-Cali") today announced that the Mack-Cali Board of Directors has formed a committee (the "Annual Meeting Committee") to review and approve the recommendations of the Nominating and Corporate Governance Committee of the Board (the "NCG Committee") for the Company's slate of nominees for election to the Board of Directors at the Company's upcoming 2020 annual meeting of stockholders (the "Annual Meeting") and to determine all other matters relating to the proxy contest initiated by Bow Street Special Opportunities Fund XV, LP and certain of its affiliates ("Bow Street").
- 03/30/2020
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52-Week Company Lows: CLI, CMP
- Details the 52-week lows for the following companies: Mack-Cali Realty and Compass Minerals International Continue reading...
- 03/30/2020
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52-Week Company Lows: CLI, CMP
- 52-Week Company Lows: CLI, CMP, Stocks: CLI,CMP, release date:Mar 29, 2020
- 03/30/2020
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Mack Cali Realty Corp (NYSE:CLI) Short Interest Update
- Mack Cali Realty Corp (NYSE:CLI) saw a large growth in short interest in March. As of March 13th, there was short interest totalling 2,662,900 shares, a growth of 32.5% from the February 27th total of 2,010,000 shares. Currently, 3.4% of the shares of the company are short sold. Based on an average daily volume of […]
- 03/30/2020
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Mack Cali Realty (NYSE:CLI) vs. Drive Shack (NYSE:DS) Critical Review
- Drive Shack (NYSE:DS) and Mack Cali Realty (NYSE:CLI) are both small-cap consumer discretionary companies, but which is the superior stock? We will compare the two companies based on the strength of their earnings, institutional ownership, risk, valuation, dividends, profitability and analyst recommendations. Insider and Institutional Ownership 62.9% of Drive Shack shares are owned by institutional […]
- 03/30/2020
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Mack-Cali Board Forms Annual Meeting Committee
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Amundi Pioneer Asset Management Inc. Has $1.94 Million Stake in Mack Cali Realty Corp (NYSE:CLI)
- Amundi Pioneer Asset Management Inc. increased its stake in shares of Mack Cali Realty Corp (NYSE:CLI) by 72.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,635 shares of the real estate investment trust’s stock after acquiring an additional 35,141 shares […]
- 03/29/2020
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Mack-Cali (CLI) Down 18.1% Since Last Earnings Report: Can It Rebound?
- Mack-Cali (CLI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- 03/27/2020
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Mack-Cali (CLI) Down 18.1% Since Last Earnings Report: Can It Rebound?
- Mack-Cali (CLI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- 03/27/2020
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Mack-Cali (CLI) Down 18.1% Since Last Earnings Report: Can It Rebound?
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Broker Revenue Forecasts For Mack-Cali Realty Corporation (NYSE:CLI) Are Surging Higher
- Shareholders in Mack-Cali Realty Corporation (NYSE:CLI) may be thrilled to learn that the analysts have just delivered...
- 03/25/2020
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Evercore ISI Group Downgrades Mack-Cali Realty to In-Line
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Mack-Cali Realty Corporation Declares Quarterly Cash Dividend
- Mack-Cali Realty Corporation (NYSE: CLI) today announced that its Board of Directors has declared a cash dividend of $0.20 per common share (indicating an annual rate of $0.80 per common share) for the period January 1, 2020 through March 31, 2020. The dividend will be paid on April 14, 2020 to shareholders of record as of April 2, 2020.
- 03/23/2020
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Stocks That Hit 52-Week Lows On Monday
- On Monday morning, 720 companies hit new 52-week lows.
Noteworthy Mentions:
The largest company by market cap to set a new 52-week low was Alphabet (NASDAQ: GOOGL)...
- 03/23/2020
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Credit Suisse AG Sells 10,957 Shares of Mack Cali Realty Corp (NYSE:CLI)
- Credit Suisse AG lessened its holdings in Mack Cali Realty Corp (NYSE:CLI) by 6.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 156,239 shares of the real estate investment trust’s stock after selling 10,957 shares during the quarter. Credit Suisse AG owned 0.17% […]
- 03/23/2020
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Mack-Cali Realty Corporation Declares Quarterly Cash Dividend
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Activist Investors Are Slowed but Not Stopped
- Activist activity is down roughly 13% from this time last year, according to data from Activist Insight but some activists may find that the recent tumult makes it easier to make their case to shareholders.
- 03/20/2020
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Stocks That Hit 52-Week Lows On Thursday
- On Thursday morning, 1178 companies hit new 52-week lows.
Facts of Interest:
The largest company by market cap to set a new 52-week low was Nuveen Preferred & Income...
- 03/19/2020
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Mack Cali Realty Passes Through 5% Yield Mark
- In trading on Wednesday, shares of Mack Cali Realty were yielding above the 5% mark based on its quarterly dividend (annualized to $0.8), with the stock changing hands as low as $15.66 on the day.
- 03/18/2020
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Is Mack-Cali Realty Corporation's (NYSE:CLI) CEO Paid At A Competitive Rate?
- Mike DeMarco has been the CEO of Mack-Cali Realty Corporation (NYSE:CLI) since 2015. This analysis aims first to...
- 03/18/2020
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Mack Cali Realty Corp (NYSE:CLI) Shares Sold by Pictet Asset Management Ltd.
- Pictet Asset Management Ltd. lowered its position in Mack Cali Realty Corp (NYSE:CLI) by 5.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,600 shares of the real estate investment trust’s stock after selling 1,000 shares during the period. […]
- 03/18/2020
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Is Mack-Cali Realty Corporation’s (NYSE:CLI) CEO Pay Fair?
- Mike DeMarco has been the CEO of Mack-Cali Realty Corporation (NYSE:CLI) since 2015. This analysis aims first to...
- 03/17/2020
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ProShare Advisors LLC Buys 2,045 Shares of Mack Cali Realty Corp (NYSE:CLI)
- ProShare Advisors LLC lifted its stake in Mack Cali Realty Corp (NYSE:CLI) by 5.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,645 shares of the real estate investment trust’s stock after buying an additional 2,045 shares during the period. ProShare […]
- 03/17/2020
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Mack-Cali Reiterates Commitment to Maximizing Stockholder Value and Corrects the Record on Bow Street's False Statements
- Mack-Cali Realty Corporation (NYSE: CLI) (the "Company" or "Mack-Cali") today detailed the steps that the Mack-Cali Board and management team are taking to achieve their goal of maximizing stockholder value and set the record straight regarding false and misleading statements contained in the Bow Street LLC ("Bow Street") March 12, 2020 letter to stockholders.
- 03/16/2020
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Bank of Montreal Can Purchases 16,519 Shares of Mack Cali Realty Corp (NYSE:CLI)
- Bank of Montreal Can grew its position in Mack Cali Realty Corp (NYSE:CLI) by 109.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,637 shares of the real estate investment trust’s stock after purchasing an additional 16,519 shares during the quarter. […]
- 03/16/2020
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Mack-Cali Reiterates Commitment to Maximizing Stockholder Value and Corrects the Record on Bow ...
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Great West Life Assurance Co. Can Purchases 7,984 Shares of Mack Cali Realty Corp (NYSE:CLI)
- Great West Life Assurance Co. Can raised its position in shares of Mack Cali Realty Corp (NYSE:CLI) by 6.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,070 shares of the real estate investment trust’s stock after acquiring an additional 7,984 […]
- 03/15/2020
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