Mack-Cali Realty Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Mack-Cali Realty in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Mack-Cali Realty stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CLI, but not buy additional shares or sell existing shares.
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Wall Street analysts have given Mack-Cali Realty a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Mack-Cali Realty wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Mack-Cali Realty is scheduled to release its next quarterly earnings announcement on Monday, August 2nd 2021.
View our earnings forecast for Mack-Cali Realty.

Mack-Cali Realty Co. (NYSE:CLI) announced its quarterly earnings results on Thursday, February, 25th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.24 by $0.02. Mack-Cali Realty had a negative net margin of 1.27% and a negative trailing twelve-month return on equity of 8.16%.
View Mack-Cali Realty's earnings history.

Mack-Cali Realty's stock was trading at $17.95 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CLI shares have decreased by 5.9% and is now trading at $16.89.
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Mack-Cali Realty declared a quarterly dividend on Wednesday, July 1st. Shareholders of record on Monday, July 13th will be given a dividend of $0.20 per share on Friday, July 24th. This represents a $0.80 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date of this dividend is Friday, July 10th.
View Mack-Cali Realty's dividend history.

1 Wall Street analysts have issued 1-year price objectives for Mack-Cali Realty's stock. Their forecasts range from $13.00 to $13.00. On average, they anticipate Mack-Cali Realty's stock price to reach $13.00 in the next year. This suggests that the stock has a possible downside of 23.0%.
View analysts' price targets for Mack-Cali Realty or view top-rated stocks among Wall Street analysts.

9 employees have rated Mack-Cali Realty CEO Mitchell E. Hersh on Glassdoor.com. Mitchell E. Hersh has an approval rating of 45% among Mack-Cali Realty's employees. This puts Mitchell E. Hersh in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Mack-Cali Realty include Digital Realty Trust (DLR), Alexandria Real Estate Equities (ARE), Boston Properties (BXP), CyrusOne (CONE), Kilroy Realty (KRC), Douglas Emmett (DEI), CoreSite Realty (COR), SL Green Realty (SLG), Highwoods Properties (HIW), Hudson Pacific Properties (HPP), Equity Commonwealth (EQC), Corporate Office Properties Trust (OFC), Brandywine Realty Trust (BDN), Piedmont Office Realty Trust (PDM) and Franklin Street Properties (FSP).
View all of CLI's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Mack-Cali Realty investors own include General Electric (GE), Ford Motor (F), Brandywine Realty Trust (BDN), Bristol-Myers Squibb (BMY), Cleveland-Cliffs (CLF), Cisco Systems (CSCO), Corning (GLW), (NWL), Uniti Group (UNIT) and Bank of America (BAC).

Mack-Cali Realty trades on the New York Stock Exchange (NYSE) under the ticker symbol "CLI."

Mack-Cali Realty's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (17.85%), Nomura Holdings Inc. (3.81%), Dimensional Fund Advisors LP (1.95%), Geode Capital Management LLC (1.82%), Victory Capital Management Inc. (1.62%) and Northern Trust Corp (1.50%).
View institutional ownership trends for Mack-Cali Realty.

CLI stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Northern Trust Corp, Canada Pension Plan Investment Board, Ameriprise Financial Inc., Renaissance Technologies LLC, Nuveen Asset Management LLC, Dalton Greiner Hartman Maher & Co., and Dimensional Fund Advisors LP.
View insider buying and selling activity for Mack-Cali Realty or view top insider-selling stocks.

CLI stock was bought by a variety of institutional investors in the last quarter, including Northwood Liquid Management LP, BlackRock Inc., JPMorgan Chase & Co., NN Investment Partners Holdings N.V., Arrowstreet Capital Limited Partnership, Employees Retirement System of Texas, Geode Capital Management LLC, and State of New Jersey Common Pension Fund D.
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Shares of CLI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CLI stock can currently be purchased for approximately $16.89.

Mack-Cali Realty has a market capitalization of $1.53 billion and generates $313.56 million in revenue each year. The real estate investment trust earns $-51,390,000.00 in net income (profit) each year or $1.07 on an earnings per share basis.

Mack-Cali Realty employs 256 workers across the globe.

The official website for Mack-Cali Realty is www.mack-cali.com.

Mack-Cali Realty is headquartered at HARBORSIDE 3 210 HUDSON ST. SUITE. 400, JERSEY CITY NJ, 07311.

Mack-Cali Realty's mailing address is HARBORSIDE 3 210 HUDSON ST. SUITE. 400, JERSEY CITY NJ, 07311. The real estate investment trust can be reached via phone at 732-590-1010 or via email at in[email protected]