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NYSE:CLIMack Cali Realty Stock Price, Forecast & News

$13.41
+0.19 (+1.44 %)
(As of 08/7/2020 04:00 PM ET)
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Today's Range
$13.06
Now: $13.41
$13.42
50-Day Range
$13.05
MA: $14.76
$16.10
52-Week Range
$12.56
Now: $13.41
$23.89
Volume645,205 shs
Average Volume841,165 shs
Market Capitalization$1.22 billion
P/E RatioN/A
Dividend Yield6.05%
Beta1.14
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. A fully-integrated and self-managed company, Mack-Cali has provided world-class management, leasing, and development services throughout New Jersey and the surrounding region for two decades. By regularly investing in its properties and innovative lifestyle amenity packages, Mack-Cali creates environments that empower tenants and residents to reimagine the way they work and live.
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Mack Cali Realty logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.1Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.86 out of 5 stars


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$350.93 million
Cash Flow$4.10 per share
Book Value$17.57 per share

Profitability

Net Income$111.86 million

Miscellaneous

Employees352
Market Cap$1.22 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$13.41
+0.19 (+1.44 %)
(As of 08/7/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Mack Cali Realty (NYSE:CLI) Frequently Asked Questions

How has Mack Cali Realty's stock been impacted by COVID-19 (Coronavirus)?

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 (WHO). Since then, CLI stock has decreased by 25.3% and is now trading at $13.41.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Mack Cali Realty?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mack Cali Realty in the last year. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Mack Cali Realty
.

When is Mack Cali Realty's next earnings date?

Mack Cali Realty is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Mack Cali Realty
.

How were Mack Cali Realty's earnings last quarter?

Mack Cali Realty Corp (NYSE:CLI) posted its quarterly earnings results on Monday, August, 3rd. The real estate investment trust reported $0.28 EPS for the quarter, missing the Zacks' consensus estimate of $0.31 by $0.03. The real estate investment trust had revenue of $72.60 million for the quarter, compared to analysts' expectations of $98.91 million. Mack Cali Realty had a negative return on equity of 4.46% and a negative net margin of 50.48%. Mack Cali Realty's revenue for the quarter was down 16.2% compared to the same quarter last year. During the same period last year, the company posted $0.40 earnings per share.
View Mack Cali Realty's earnings history
.

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 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 annualized dividend and a dividend yield of 5.97%. The ex-dividend date of this dividend is Friday, July 10th.
View Mack Cali Realty's dividend history
.

What price target have analysts set for CLI?

7 brokerages have issued 12-month price objectives for Mack Cali Realty's shares. Their forecasts range from $14.00 to $30.00. On average, they expect Mack Cali Realty's share price to reach $20.29 in the next twelve months. This suggests a possible upside of 51.3% from the stock's current price.
View analysts' price targets for Mack Cali Realty
.

Has Mack Cali Realty been receiving favorable news coverage?

Media headlines about CLI stock have trended very positive this week, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Mack Cali Realty earned a media sentiment score of 4.0 on InfoTrie's scale. They also assigned media stories about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days.
View the latest news about Mack Cali Realty
.

Are investors shorting Mack Cali Realty?

Mack Cali Realty saw a decline in short interest in the month of June. As of June 30th, there was short interest totaling 5,810,000 shares, a decline of 6.3% from the June 15th total of 6,200,000 shares. Based on an average daily volume of 891,200 shares, the days-to-cover ratio is presently 6.5 days. Currently, 6.9% of the shares of the company 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?

Based on aggregate information from My MarketBeat watchlists, some companies that other Mack Cali Realty investors own include Ford Motor (F), General Electric (GE), Newell Brands (NWL), Exxon Mobil (XOM), Bristol-Myers Squibb (BMY), Cisco Systems (CSCO), Corning (GLW), Ring Energy (REI), Ring Energy (REI) and AbbVie (ABBV).

Who are Mack Cali Realty's key executives?

Mack Cali Realty's management team includes the following 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

What is Mack Cali Realty's stock symbol?

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

Who are Mack Cali Realty's major shareholders?

Mack Cali Realty's stock is owned by a number of institutional and retail investors. Top institutional investors include Victory Capital Management Inc. (1.83%), Dalton Greiner Hartman Maher & Co. (0.94%), Principal Financial Group Inc. (0.31%), Swiss National Bank (0.22%), Sumitomo Mitsui Trust Holdings Inc. (0.22%) and Congress Asset Management Co. MA (0.18%). Company insiders that own Mack Cali Realty stock include Alan R Batkin and Robert Andrew Marshall.
View institutional ownership trends for Mack Cali Realty
.

Which institutional investors are selling Mack Cali Realty stock?

CLI stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., SG Americas Securities LLC, First Trust Advisors LP, Dalton Greiner Hartman Maher & Co., WINTON GROUP Ltd, UBS Group AG, Real Estate Management Services LLC, and Pensionfund DSM Netherlands.
View insider buying and selling activity for Mack Cali Realty
.

Which institutional investors are buying Mack Cali Realty stock?

CLI stock was bought by a variety of institutional investors in the last quarter, including Swiss National Bank, Russell Investments Group Ltd., Principal Financial Group Inc., Sumitomo Mitsui Trust Holdings Inc., ProShare Advisors LLC, Nisa Investment Advisors LLC, State of Michigan Retirement System, and Strs Ohio.
View insider buying and selling activity 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 $13.41.

How big of a company is Mack Cali Realty?

Mack Cali Realty has a market capitalization of $1.22 billion and generates $350.93 million in revenue each year. The real estate investment trust earns $111.86 million in net income (profit) each year or $1.62 on an earnings per share basis. Mack Cali Realty employs 352 workers across the globe.

What is Mack Cali Realty's official website?

The official website for Mack Cali Realty is 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]

This page was last updated on 8/8/2020 by MarketBeat.com Staff

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