Sei Investments Co. Sells 58540 Shares of Mack Cali Realty Corp (CLI)

Shares of SL Green Realty Corp (NYSE:SLG) traded down 0.80% during midday trading on Friday, hitting $101.84. Citigroup Inc's price objective would indicate a potential upside of 14.69% from the stock's previous close. BTIG Research initiated Kimco Realty Corp (NYSE:KIM) rating on Thursday, August 25. It looks like analysts are feeling bearish about the stock with overall sell-side analysts calling it a Buy. According to Thomson Reuters, sell-side analysts are forecasting a harmony target price of $16.14 on company shares. Standard Life Invests Limited holds 0.18% or 2.00 million shares in its portfolio. Kimco Realty Corporation is now trading -4.74% below its 20-day and -27.17% versus the 200-day simple moving averages while -12.69% compared with its 50-day simple moving average. SL Green Realty Corp has a 52-week low of $93.90 and a 52-week high of $120.63. The firm has a market cap of $10.19 billion, a P/E ratio of 30.11 and a beta of 0.93.

Mack Cali Realty Corp (NYSE:CLI) last announced its quarterly earnings data on Tuesday, May 9th. The firm had revenue of $377.40 million for the quarter, compared to analyst estimates of $315.90 million. Kimco Realty Corp had a return on equity of 6.88% and a net margin of 32.40%.

Currently, EPS of Kimco Realty Corporation (KIM) is 0.15 while the analysts predicted the EPS of the stock to be 0.14 suggesting the company fell short of the analysts' expectations.

02/16/2017 - SL Green Realty Corporation had its "hold" rating reiterated by analysts at Jefferies. Shares have dropped -41.59% over the trailing 6 months. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.90%. Us Retail Bank De stated it has 0.01% in Kimco Realty Corp (NYSE:KIM). If you are reading this piece on another site, it was illegally stolen and reposted in violation of United States & global trademark and copyright laws. The legal version of this report can be read at https://www.themarketsdaily.com/2017/05/26/sl-green-realty-corp-slg-position-decreased-by-texas-permanent-school-fund-updated.html.

In related news, Director Gregory Mclaughlin sold 1,875 shares of the company's stock in a transaction that occurred on Thursday, March 30th. They now have a Dollars 27.5 price target on the stock. Insiders own 0.40% of the company's stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Ltd. raised its position in SL Green Realty Corp by 92.3% in the fourth quarter. The institutional investor owned 7,133 shares of the real estate investment trust's stock after selling 588 shares during the period. Analysts expect Realty Income Corp to earn $1.30 per share next year, which means the company may not be able to cover its $2.53 annual dividend with an expected future payout ratio of 194.6%. First Personal Financial Services now owns 3,885 shares of the real estate investment trust's stock valued at $102,000 after buying an additional 2,100 shares during the last quarter. BlackRock Inc. boosted its position in shares of Kimco Realty Corp by 2,779.7% in the first quarter. Nuveen Fund Advisors LLC now owns 4,590 shares of the real estate investment trust's stock worth $496,000 after buying an additional 310 shares during the period. Asset Management One Co. The real estate investment trust reported $1.57 earnings per share for the quarter, meeting the Zacks' consensus estimate of $1.57.

In recent action, Kimco Realty Corporation (KIM) has made a move of -13.39% over the past month, which has come on Strong relative transaction volume. World Asset Management Inc now owns 52,174 shares of the real estate investment trust's stock valued at $1,510,000 after buying an additional 645 shares during the period.

Want to see what other hedge funds are holding CLI?

Duke Realty Corporation is a self-managed real estate investment trust (REIT). Finally, Evercore ISI upgraded shares of SL Green Realty Corp from a "hold" rating to an "outperform" rating in a research note on Friday, March 3rd.

  • Zachary Reyes