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Mack Cali Realty Stock Price, Forecast & Analysis (NYSE:CLI)

$21.58
+0.06 (+0.28 %)
(As of 11/19/2019 12:43 PM ET)
Today's Range
$21.45
Now: $21.58
$21.62
50-Day Range
$21.00
MA: $21.75
$22.39
52-Week Range
$18.74
Now: $21.58
$24.88
Volume7,683 shs
Average Volume546,268 shs
Market Capitalization$1.95 billion
P/E Ratio11.79
Dividend Yield3.75%
Beta1.06
One of the country's leading real estate investment trusts (REITs), Mack-Cali Realty Corporation is an owner, manager and developer of premier office and multifamily properties in select waterfront and transit-oriented markets throughout the Northeast. Mack-Cali is headquartered in Jersey City, New Jersey, and is the visionary behind the city's flourishing waterfront, where the company is leading development, improvement and place-making initiatives for Harborside, a master-planned destination comprised of class A office, luxury apartments, diverse retail and restaurants, and public spaces. Read More…

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryOffice REITs
SectorFinance
CUSIP55448910
Phone732-590-1010

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$530.61 million
Cash Flow$2.98 per share
Book Value$18.79 per share

Profitability

Net Income$84.11 million

Miscellaneous

Employees352
Market Cap$1.95 billion
Next Earnings Date2/19/2020 (Estimated)
OptionableOptionable

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Mack Cali Realty (NYSE:CLI) Frequently Asked Questions

What is Mack Cali Realty's stock symbol?

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

How often does Mack Cali Realty pay dividends? What is the dividend yield for Mack Cali Realty?

Mack Cali Realty declared a quarterly dividend on Tuesday, September 24th. Shareholders of record on Friday, October 4th will be paid a dividend of $0.20 per share on Friday, October 11th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date is Thursday, October 3rd. View Mack Cali Realty's Dividend History.

How were Mack Cali Realty's earnings last quarter?

Mack Cali Realty Corp (NYSE:CLI) posted its earnings results on Wednesday, October, 30th. The real estate investment trust reported ($0.65) EPS for the quarter, missing analysts' consensus estimates of $0.39 by $1.04. The real estate investment trust had revenue of $131.88 million for the quarter, compared to analysts' expectations of $120.85 million. Mack Cali Realty had a return on equity of 11.35% and a net margin of 39.15%. The company's quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.43 EPS. View Mack Cali Realty's Earnings History.

When is Mack Cali Realty's next earnings date?

Mack Cali Realty is scheduled to release their next quarterly earnings announcement on Wednesday, February 19th 2020. View Earnings Estimates for Mack Cali Realty.

What guidance has Mack Cali Realty issued on next quarter's earnings?

Mack Cali Realty issued an update on its FY19 earnings guidance on Wednesday, October, 30th. The company provided EPS guidance of $1.59-1.64 for the period, compared to the Thomson Reuters consensus estimate of $1.61.

What price target have analysts set for CLI?

6 brokers have issued twelve-month price targets for Mack Cali Realty's stock. Their forecasts range from $21.73 to $30.00. On average, they anticipate Mack Cali Realty's stock price to reach $24.93 in the next twelve months. This suggests a possible upside of 15.5% from the stock's current price. View Analyst Price Targets for Mack Cali Realty.

What is the consensus analysts' recommendation for Mack Cali Realty?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mack Cali Realty in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Mack Cali Realty.

Has Mack Cali Realty been receiving favorable news coverage?

News coverage about CLI stock has trended somewhat positive recently, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Mack Cali Realty earned a daily sentiment score of 1.1 on InfoTrie's scale. They also assigned media stories about the real estate investment trust a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for Mack Cali Realty.

Are investors shorting Mack Cali Realty?

Mack Cali Realty saw a increase in short interest in the month of October. As of October 31st, there was short interest totalling 1,950,000 shares, an increase of 7.7% from the September 30th total of 1,810,000 shares. Based on an average trading volume of 421,900 shares, the days-to-cover ratio is presently 4.6 days. Currently, 2.3% of the company's stock are short sold. View Mack Cali Realty's Current Options Chain.

Who are some of Mack Cali Realty's key competitors?

What other stocks do shareholders of Mack Cali Realty own?

Who are Mack Cali Realty's key executives?

Mack Cali Realty's management team includes the folowing people:
  • Mr. Michael J. DeMarco CPA, CEO & Director (Age 59)
  • David J. Smetana, Chief Financial Officer (Age 47)
  • Mr. Ricardo Cardoso, Exec. VP & Chief Investment Officer (Age 47)
  • Mr. Giovanni M. DeBari, Chief Accounting Officer
  • Ms. Deidre Crockett, Sr. VP of Corp. Communications & Investor Relations

Who are Mack Cali Realty's major shareholders?

Mack Cali Realty's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Dalton Greiner Hartman Maher & Co. (0.44%), Rhumbline Advisers (0.34%), Fisher Asset Management LLC (0.25%), Congress Asset Management Co. MA (0.23%), California Public Employees Retirement System (0.23%) and HGI Capital Management LLC (0.20%). Company insiders that own Mack Cali Realty stock include Alan R Batkin, David J Smetana, Michael J Demarco, Nathan Gantcher and Robert Andrew Marshall. View Institutional Ownership Trends for Mack Cali Realty.

Which major investors are selling Mack Cali Realty stock?

CLI stock was sold by a variety of institutional investors in the last quarter, including Gateway Investment Advisers LLC, State of Tennessee Treasury Department, Convergence Investment Partners LLC, Congress Asset Management Co. MA, State of Alaska Department of Revenue, Strs Ohio, Dupont Capital Management Corp and Great West Life Assurance Co. Can. View Insider Buying and Selling for Mack Cali Realty.

Which major investors are buying Mack Cali Realty stock?

CLI stock was bought by a variety of institutional investors in the last quarter, including Dalton Greiner Hartman Maher & Co., State of New Jersey Common Pension Fund D, Real Estate Management Services LLC, California Public Employees Retirement System, Balasa Dinverno & Foltz LLC, First Trust Advisors LP, Bowling Portfolio Management LLC and New York State Teachers Retirement System. Company insiders that have bought Mack Cali Realty stock in the last two years include Alan R Batkin, David J Smetana, Michael J Demarco and Nathan Gantcher. View Insider Buying and Selling for Mack Cali Realty.

How do I buy shares of Mack Cali Realty?

Shares of CLI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Mack Cali Realty's stock price today?

One share of CLI stock can currently be purchased for approximately $21.58.

How big of a company is Mack Cali Realty?

Mack Cali Realty has a market capitalization of $1.95 billion and generates $530.61 million in revenue each year. The real estate investment trust earns $84.11 million in net income (profit) each year or $1.83 on an earnings per share basis. Mack Cali Realty employs 352 workers across the globe.View Additional Information About Mack Cali Realty.

What is Mack Cali Realty's official website?

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

How can I contact Mack Cali Realty?

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 [email protected]


MarketBeat Community Rating for Mack Cali Realty (NYSE CLI)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  250 (Vote Outperform)
Underperform Votes:  357 (Vote Underperform)
Total Votes:  607
MarketBeat's community ratings are surveys of what our community members think about Mack Cali Realty and other stocks. Vote "Outperform" if you believe CLI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CLI will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/19/2019 by MarketBeat.com Staff

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