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

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

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.

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.

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

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.

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.

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.

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.

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.

Some companies that are related to Mack Cali Realty include DIGITAL RLTY TR/SH (DLR), Boston Properties (BXP), Alexandria Real Estate Equities (ARE), Kilroy Realty (KRC), Douglas Emmett (DEI), CyrusOne (CONE), SL Green Realty (SLG), Hudson Pacific Properties (HPP), Highwoods Properties (HIW), CoreSite Realty (COR), Equity Commonwealth (EQC), Corporate Office Properties Trust (OFC), Piedmont Office Realty Trust (PDM), Brandywine Realty Trust (BDN) and Franklin Street Properties (FSP).

Based on aggregate information from My MarketBeat watchlists, some companies that other Mack Cali Realty investors own include AGNC Investment (AGNC), General Electric (GE), Apple Hospitality REIT (APLE), Verizon Communications (VZ), MFA FINL INC/SH (MFA), AT&T (T), Cisco Systems (CSCO), Brookfield Infrastructure Partners (BIP), Energy Transfer LP Unit (ET) and Kinder Morgan (KMI).

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.

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.

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.

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.

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

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.

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

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]