Mack-Cali Realty Corporation Company Profile (NYSE:CLI)

About Mack-Cali Realty Corporation

Mack-Cali Realty Corporation logoMack-Cali Realty Corporation is a self-administered and self-managed real estate investment trust (REIT). The Company owns and operates a real estate portfolio of Class A office and office/flex properties located primarily in the Northeast. The Company's segments include commercial and other real estate, multi-family real estate, multi-family services, and corporate & other. It provides leasing, property management, acquisition, development, construction and tenant-related services for its commercial and other real estate, and multi-family real estate portfolio. The Company owns or has interests in approximately 270 properties, consisting of approximately 150 office and over 110 flex properties, totaling approximately 29.9 million square feet, leased to approximately 1,900 commercial tenants and over 20 multi-family rental properties containing approximately 5,640 residential units, plus developable land (collectively, the Properties).

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: REIT - Office
  • Sub-Industry: Office REITs
  • Exchange: NYSE
  • Symbol: CLI
  • CUSIP: 55448910
Key Metrics:
  • Previous Close: $29.18
  • 50 Day Moving Average: $28.38
  • 200 Day Moving Average: $27.42
  • 52-Week Range: $18.63 - $29.50
  • Trailing P/E Ratio: 37.31
  • Foreward P/E Ratio: 112.23
  • P/E Growth: -8.34
  • Market Cap: $2.62B
  • Outstanding Shares: 89,688,000
  • Beta: 1.09
Profitability:
  • Net Margins: 11.60%
  • Return on Equity: 4.10%
  • Return on Assets: 1.66%
Debt:
  • Debt-to-Equity Ratio: 1.43%
  • Current Ratio: 0.95%
  • Quick Ratio: 0.95%
Additional Links:
Companies Related to Mack-Cali Realty Corporation:

Analyst Ratings

Consensus Ratings for Mack-Cali Realty Corporation (NYSE:CLI) (?)
Ratings Breakdown: 1 Sell Rating, 4 Hold Ratings, 3 Buy Ratings
Consensus Rating:Hold (Score: 2.25)
Consensus Price Target: $28.33 (2.90% downside)

Analysts' Ratings History for Mack-Cali Realty Corporation (NYSE:CLI)
Show:
DateFirmActionRatingPrice TargetDetails
1/23/2017Barclays PLCReiterated RatingUnderweight$28.00 -> $27.00View Rating Details
12/16/2016J P Morgan Chase & CoUpgradeNeutral -> Overweight$31.00View Rating Details
12/9/2016Citigroup Inc.DowngradeBuy -> Neutral$32.00View Rating Details
9/19/2016Evercore ISIUpgradeHold -> BuyView Rating Details
8/25/2016BTIG ResearchInitiated CoverageNeutralView Rating Details
8/5/2016Stifel NicolausBoost Price TargetBuy$28.00 -> $30.00View Rating Details
7/18/2016Deutsche Bank AGBoost Price TargetHold$25.00 -> $28.00View Rating Details
2/26/2016SunTrust Banks, Inc.Lower Price TargetNeutral$23.00 -> $22.00View Rating Details
9/8/2015Evercore Partners Inc.Lower Price TargetHold$22.00 -> $21.00View Rating Details
(Data available from 2/23/2015 forward)

Earnings

Earnings History for Mack-Cali Realty Corporation (NYSE:CLI)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/28/2017Q416$0.05$157.14 millionListenView Earnings Details
10/25/2016Q316$0.55$0.56$157.45 million$157.52 millionViewN/AView Earnings Details
8/2/2016Q216$0.53$0.55$156.82 million$149.23 millionViewListenView Earnings Details
4/27/2016Q116$0.49$0.48$153.75 millionViewListenView Earnings Details
2/24/2016Q4$0.46$0.47$147.22 million$146.40 millionViewListenView Earnings Details
10/28/2015Q315$0.44$0.51$150.24 million$146.20 millionViewListenView Earnings Details
7/22/2015Q215$0.43$0.46$148.01 million$148.60 millionViewListenView Earnings Details
4/23/2015Q115$0.41$0.43$149.08 million$153.70 millionViewListenView Earnings Details
2/19/2015Q414$0.46$0.47$152.60 million$151.40 millionViewListenView Earnings Details
10/23/2014Q314$0.47$0.48$155.98 million$141.21 millionViewListenView Earnings Details
7/24/2014Q214$0.47$0.50$156.50 million$160.30 millionViewListenView Earnings Details
4/24/2014Q114$0.47$0.46$158.66 million$169.60 millionViewListenView Earnings Details
3/3/2014Q413$0.52$0.52$161.70 million$165.27 millionViewN/AView Earnings Details
10/24/2013Q313$0.58$0.57$176.73 million$162.51 millionViewListenView Earnings Details
7/25/2013Q213$0.62$0.65$172.21 million$177.93 millionViewListenView Earnings Details
4/25/2013Q1 2013$0.64$0.63$173.67 million$181.80 millionViewListenView Earnings Details
2/7/2013Q4 2012$0.63$0.66$178.01 million$166.17 millionViewListenView Earnings Details
10/25/2012$0.62$0.65ViewN/AView Earnings Details
7/26/2012$0.60$0.62ViewN/AView Earnings Details
4/26/2012$0.67$0.74ViewN/AView Earnings Details
2/9/2012$0.67$0.68ViewN/AView Earnings Details
10/27/2011$0.68$0.73ViewN/AView Earnings Details
7/28/2011$0.68$0.69ViewN/AView Earnings Details
4/28/2011$0.70$0.70ViewN/AView Earnings Details
2/10/2011$0.69$0.59ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Mack-Cali Realty Corporation (NYSE:CLI)
Current Year EPS Consensus Estimate: $0.74 EPS
Next Year EPS Consensus Estimate: $0.26 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q2 20161$0.52$0.52$0.52
Q3 20161$0.55$0.55$0.55
Q4 20161$0.54$0.54$0.54
Q1 20171$0.54$0.54$0.54
Q2 20171$0.54$0.54$0.54
Q3 20171$0.53$0.53$0.53
Q4 20171$0.52$0.52$0.52
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Mack-Cali Realty Corporation (NYSE:CLI)
Annual Dividend:$0.60
Dividend Yield:2.06%
Dividend Growth:-26.30% (3 Year Average)
Payout Ratio:76.92% (Based on Trailing 12 Months of Earnings)
81.08% (Based on Current Year Consensus EPS Estimate)
230.77% (Based on Next Year Consensus EPS Estimate)

Dividend History for Mack-Cali Realty Corporation (NYSE:CLI)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
12/14/2016quarterly$0.152.15%1/3/20171/5/20171/13/2017
9/27/2016quarterly$0.152.14%10/3/201610/5/201610/14/2016
6/1/2016quarterly$0.152.27%7/1/20167/6/20167/15/2016
3/8/2016quarterly$0.152.81%4/1/20164/5/20164/15/2016
12/8/2015quarterly$0.152.66%1/4/20161/6/20161/15/2016
9/22/2015quarterly$0.153.03%10/2/201510/5/201510/15/2015
5/11/2015quarterly$0.153.38%7/1/20157/6/20157/14/2015
3/10/2015quarterly$0.153.24%4/1/20154/6/20154/14/2015
12/9/2014quarterly$0.153.17%1/2/20151/6/20151/14/2015
9/11/2014quarterly$0.152.98%10/1/201410/3/201410/10/2014
5/30/2014quarterly$0.152.72%7/1/20147/3/20147/11/2014
3/11/2014quarterly$0.305.61%4/1/20144/3/20144/11/2014
12/10/2013quarterly$0.305.72%1/2/20141/6/20141/15/2014
9/12/2013quarterly$0.305.67%10/1/201310/3/201310/11/2013
5/15/2013quarterly$0.304.31%7/1/20137/3/20137/12/2013
3/12/2013quarterly$0.456.27%4/1/20134/3/20134/12/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Mack-Cali Realty Corporation (NYSE:CLI)
Insider Ownership Percentage: 6.73%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/2/2016Jonathan LittDirectorBuy48,400$20.75$1,004,300.00View SEC Filing  
2/4/2016Ricardo CardosoEVPBuy23,000$19.54$449,420.00View SEC Filing  
9/29/2015Jonathan LittDirectorBuy130,500$19.08$2,489,940.00View SEC Filing  
9/16/2015Jonathan LittDirectorBuy210,000$19.95$4,189,500.00View SEC Filing  
11/19/2014Jonathan LittDirectorBuy187,400$19.15$3,588,710.00View SEC Filing  
10/29/2014Jonathan LittDirectorSell187,400$18.52$3,470,648.00View SEC Filing  
7/7/2014Irvin D ReidDirectorSell20,000$21.10$422,000.00View SEC Filing  
3/31/2014Barry LefkowitzCFOSell15,000$20.96$314,400.00View SEC Filing  
3/24/2014Barry LefkowitzCFOSell10,000$20.67$206,700.00View SEC Filing  
3/21/2014Barry LefkowitzCFOSell9,623$21.24$204,392.52View SEC Filing  
3/18/2014Barry LefkowitzCFOSell30,000$21.32$639,600.00View SEC Filing  
8/30/2013Barry LefkowitzCFOSell25,000$21.67$541,750.00View SEC Filing  
8/28/2013Mitchell HershCEOBuy5,000$21.67$108,350.00View SEC Filing  
8/13/2013Roger ThomasEVPSell46,832$22.73$1,064,491.36View SEC Filing  
6/7/2013Vincent TeseDirectorSell2,706$25.69$69,517.14View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Mack-Cali Realty Corporation (NYSE:CLI)
DateHeadline
4-traders.com logoMACK-CALI REALTY CORPORATION (NYSE:CLI) Files An 8-K Results of Operations and Financial Condition (NYSE:CLI)
www.4-traders.com - February 23 at 4:17 PM
biz.yahoo.com logoMACK CALI REALTY CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exh (NYSE:CLI)
biz.yahoo.com - February 23 at 4:17 PM
finance.yahoo.com logoMack-Cali Announces Fourth Quarter And Year-End Leasing Results (NYSE:CLI)
finance.yahoo.com - February 23 at 4:17 PM
finance.yahoo.com logoPublic Storage (PSA) Q4 FFO Beats Estimates, Revenues Up (NYSE:CLI)
finance.yahoo.com - February 23 at 4:17 PM
News IconMack-Cali Puts Large Office Portfolio Under Contract in Pivot to Closer-In NYC Suburban Markets (NYSE:CLI)
www.costar.com - February 23 at 2:31 AM
capitalcube.com logoMack-Cali Realty Corp. breached its 50 day moving average in a Bullish Manner : CLI-US : February 22, 2017 (NYSE:CLI)
us.rd.yahoo.com - February 22 at 4:28 PM
finance.yahoo.com logoMack-Cali Realty Corporation Announces Fourth Quarter 2016 Earnings Release Date (NYSE:CLI)
finance.yahoo.com - February 16 at 4:26 PM
finance.yahoo.com logoMack-Cali's (CLI) Growth Efforts Look Good: Time to Buy? (NYSE:CLI)
finance.yahoo.com - February 16 at 10:59 AM
finance.yahoo.com logoMack-Cali Makes Substantial Progress In Transforming Its Portfolio (NYSE:CLI)
finance.yahoo.com - February 14 at 5:10 PM
reuters.com logoFitch Affirms Mack-Cali at 'BB+'; Outlook Stable (NYSE:CLI)
www.reuters.com - February 10 at 4:38 PM
biz.yahoo.com logoMACK CALI REALTY CORP Files SEC form 8-K, Unregistered Sale of Equity Securities, Amendments to Articles of Inc. or B (NYSE:CLI)
biz.yahoo.com - February 9 at 4:41 PM
capitalcube.com logoMack-Cali Realty Corp. breached its 50 day moving average in a Bearish Manner : CLI-US : January 31, 2017 (NYSE:CLI)
www.capitalcube.com - January 31 at 4:48 PM
4-traders.com logoMack Cali Realty : Cali Announces Recent Financing Activity (NYSE:CLI)
www.4-traders.com - January 29 at 9:27 PM
News IconNext Weeks Broker Price Targets For Mack-Cali Realty Corporation (NYSE:CLI) (NYSE:CLI)
ibusinesslines.com - January 29 at 9:27 PM
News IconBRIEF-Mack-Cali refinanced, extended $600 mln unsecured revolving credit facility (NYSE:CLI)
fixedincome.fidelity.com - January 27 at 10:45 PM
finance.yahoo.com logoMack-Cali Announces Recent Financing Activity (NYSE:CLI)
finance.yahoo.com - January 27 at 5:43 PM
finance.yahoo.com logo3:38 pm Mack-Cali Realty refinances and extends its $600 million unsecured revolving credit facility; additional financing activities (NYSE:CLI)
finance.yahoo.com - January 27 at 5:43 PM
finance.yahoo.com logoMack-Cali Realty Corporation Announces Tax Treatment Of 2016 Dividends (NYSE:CLI)
finance.yahoo.com - January 20 at 5:29 PM
News IconFollowing the Charts on Shares of Mack-Cali Realty Corp. (CLI) - Sherwood Daily (NYSE:CLI)
sherwooddaily.com - January 18 at 4:38 PM
finance.yahoo.com logoShould General Growth Properties be in Your Portfolio? (NYSE:CLI)
finance.yahoo.com - January 18 at 4:38 PM
News IconTracking Williams %R for Mack-Cali Realty Corp. (CLI) - Springdale Times (NYSE:CLI)
springdaletimes.com - January 18 at 3:14 AM
News IconWill The Needle Move For Mack-Cali Realty Corporation (NYSE:CLI) Shares This Earnings Season? - Wall Street Beacon (NYSE:CLI)
wsbeacon.com - January 12 at 9:40 PM
finance.yahoo.com logoSimon Property Counters Online Sales Boom; Time to Hold? (NYSE:CLI)
finance.yahoo.com - January 11 at 9:49 PM
News IconMack Cali Realty Corp Valuation – Initial Coverage $CLI (NYSE:CLI)
www.moderngraham.com - January 9 at 10:28 PM
News IconMack-Cali Realty Corp (NYSE:CLI) Could be viewed As A Turnaround Story As The Focus Turns Towards Improving Office Portfolio quality (NYSE:CLI)
stockmarketdaily.co - January 9 at 5:28 PM
finance.yahoo.com logoCrystal House Dazzles with Renovations; Dynamic Amenities (NYSE:CLI)
finance.yahoo.com - January 4 at 5:23 PM
nasdaq.com logoMack-Cali Realty Corporation (CLI) Ex-Dividend Date Scheduled for (NYSE:CLI)
www.nasdaq.com - January 3 at 11:07 PM
finance.yahoo.com logoShould You Add Mack-Cali Realty (CLI) to Your Portfolio Now? (NYSE:CLI)
finance.yahoo.com - December 30 at 4:45 PM
News IconInvestor Focus on Shares of Mack-Cali Realty Corp. (CLI) - StockTalk Daily (NYSE:CLI)
stocktalkdaily.com - December 21 at 3:02 AM
News IconRating Report: What To Expect After Mack-Cali Realty (NYSE:CLI)’s Upgrade Rating From JP Morgan? (NYSE:CLI)
www.whatsonthorold.com - December 18 at 4:25 PM
News IconInvestor Notebook: Focusing in on Shares of Mack-Cali Realty Corp. (CLI) - StockTalk Daily (NYSE:CLI)
stocktalkdaily.com - December 18 at 2:34 AM
News IconCrunching the Numbers for Mack-Cali Realty Corp. (CLI) - StockTalk Daily (NYSE:CLI)
stocktalkdaily.com - December 17 at 2:47 AM
marketexclusive.com logoAnalyst Upgrades – Mack-Cali Realty Corp. (NYSE:CLI) Stock Gets Upgraded By JPMorgan Chase & Co. from Neutral to Overweight (NYSE:CLI)
marketexclusive.com - December 16 at 4:43 PM
4-traders.com logoMack-Cali Realty Corporation : Declares Quarterly Cash Dividend (NYSE:CLI)
www.4-traders.com - December 13 at 10:01 PM
4-traders.com logoMack Cali Realty : Declares Quarterly Cash Dividend (NYSE:CLI)
www.4-traders.com - December 13 at 5:01 PM
News IconTrading Chatter: CCI and ADX Watch for Mack-Cali Realty Corp. (CLI) - StockTalk Daily (NYSE:CLI)
stocktalkdaily.com - December 12 at 9:39 PM
News IconImportant Rating: Citigroup Gives Mack-Cali Realty (CLI) Lower Rating. Lost Its “Buy” Rating (NYSE:CLI)
www.whatsonthorold.com - December 9 at 9:40 PM
marketexclusive.com logoAnalyst Downgrades – Mack-Cali Realty Corp. (NYSE:CLI) Stock Gets Downgraded By Citigroup Inc. from Buy to Neutral (NYSE:CLI)
marketexclusive.com - December 9 at 4:38 PM
finance.yahoo.com logoMack-Cali Realty downgraded by Citigroup (NYSE:CLI)
finance.yahoo.com - December 9 at 4:38 PM
insidermonkey.com logoHere is What Hedge Funds Think About Mack Cali Realty Corp (CLI) (NYSE:CLI)
www.insidermonkey.com - December 8 at 5:07 PM
moodys.com logoMack-Cali Realty, L.P. -- Moody's affirms Mack-Cali's Baa3 rating, outlook revised to negative (NYSE:CLI)
www.moodys.com - December 6 at 9:39 PM
4-traders.com logoMack Cali Realty : Cali Announces Redemption of $135,136,000 of 7.750% Notes Due 2019 (NYSE:CLI)
www.4-traders.com - December 1 at 2:29 AM
marketexclusive.com logoMACK-CALI REALTY CORPORATION (NYSE:CLI) Files An 8-K Other Events (NYSE:CLI)
marketexclusive.com - November 30 at 9:27 PM
us.rd.yahoo.com logoMack-Cali Announces Redemption Of $135,136,000 Of 7.750% Notes Due 2019 (NYSE:CLI)
us.rd.yahoo.com - November 30 at 8:31 AM
us.rd.yahoo.com logo11:00 am Mack-Cali Realty will redeem for cash all $135,136,000 outstanding principal amount of the Operating Partnership's 7.750% Notes due 2019 (NYSE:CLI)
us.rd.yahoo.com - November 30 at 8:31 AM
biz.yahoo.com logoMACK CALI REALTY CORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits (NYSE:CLI)
us.rd.yahoo.com - November 30 at 8:31 AM
finance.yahoo.com logoDuke Realty and Baylor Scott & White Health Open New MOB (NYSE:CLI)
finance.yahoo.com - November 25 at 9:33 AM
nasdaq.com logoCommit To Purchase Mack Cali Realty Corp At $17.50, Earn 11.2% Annualized Using Options (NYSE:CLI)
www.nasdaq.com - November 22 at 9:56 PM
publicnow.com logoShare Allocation - 16 November 2016 (NYSE:CLI)
www.publicnow.com - November 21 at 9:12 AM
capitalcube.com logoETFs with exposure to Mack-Cali Realty Corp. : November 16, 2016 (NYSE:CLI)
www.capitalcube.com - November 16 at 4:16 PM

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What is Mack-Cali Realty Corporation's stock symbol?

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

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

Mack-Cali Realty Corporation declared a quarterly dividend on Wednesday, December 14th. Shareholders of record on Thursday, January 5th will be paid a dividend of $0.15 per share on Friday, January 13th. This represents a $0.60 annualized dividend and a yield of 2.06%. The ex-dividend date is Tuesday, January 3rd.

Where is Mack-Cali Realty Corporation's stock going? Where will Mack-Cali Realty Corporation's stock price be in 2017?

8 equities research analysts have issued 1-year price targets for Mack-Cali Realty Corporation's shares. Their predictions range from $22.00 to $32.00. On average, they anticipate Mack-Cali Realty Corporation's stock price to reach $28.33 in the next twelve months.

When will Mack-Cali Realty Corporation announce their earnings?

Mack-Cali Realty Corporation is scheduled to release their next quarterly earnings announcement on Wednesday, February, 22nd 2017.

Who owns Mack-Cali Realty Corporation stock?

Mack-Cali Realty Corporation's stock is owned by a number of of retail and institutional investors. Top institutional investors include FMR LLC (10.33%), State Street Corp (4.61%), Frontier Capital Management Co. LLC (2.34%), Renaissance Technologies LLC (1.43%), Dimensional Fund Advisors LP (1.35%) and Equity Investment Corp Acquisition Inc (1.29%). Company insiders that own Mack-Cali Realty Corporation stock include Jonathan Litt and Ricardo Cardoso.

Who sold Mack-Cali Realty Corporation stock? Who is selling Mack-Cali Realty Corporation stock?

Mack-Cali Realty Corporation's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Heitman Real Estate Securities LLC, Royce & Associates LP, Franklin Resources Inc., State Street Corp, Martingale Asset Management L P, AQR Capital Management LLC and Guggenheim Capital LLC.

Who bought Mack-Cali Realty Corporation stock? Who is buying Mack-Cali Realty Corporation stock?

Mack-Cali Realty Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Equity Investment Corp Acquisition Inc, Frontier Capital Management Co. LLC, Russell Investments Group Ltd., Renaissance Technologies LLC, United Capital Financial Advisers LLC, Envestnet Asset Management Inc., Numeric Investors LLC and Asset Management One Co. Ltd.. Company insiders that have bought Mack-Cali Realty Corporation stock in the last two years include Jonathan Litt and Ricardo Cardoso.

How do I buy Mack-Cali Realty Corporation stock?

Shares of Mack-Cali Realty Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Mack-Cali Realty Corporation stock cost?

One share of Mack-Cali Realty Corporation stock can currently be purchased for approximately $29.18.

Mack-Cali Realty Corporation (NYSE:CLI) Chart for Thursday, February, 23, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Mack-Cali Realty Corporation (NYSE:CLI)

Earnings History Chart

Earnings by Quarter for Mack-Cali Realty Corporation (NYSE:CLI)

Dividend History Chart

Dividend Payments by Quarter for Mack-Cali Realty Corporation (NYSE:CLI)

Last Updated on 2/23/2017 by MarketBeat.com Staff