NYSE:CLI - Mack Cali Realty Stock Price, News, & Analysis

$23.12
-0.32 (-1.37 %)
(As of 06/26/2019 09:48 AM ET)
Today's Range
$23.10
Now: $23.12
$23.56
50-Day Range
$22.11
MA: $23.13
$24.39
52-Week Range
$18.74
Now: $23.12
$24.88
Volume14,319 shs
Average Volume511,321 shs
Market Capitalization$2.09 billion
P/E Ratio12.63
Dividend Yield3.39%
Beta1.05
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$2.8828 per share
Book Value$18.79 per share

Profitability

Net Income$84.11 million

Miscellaneous

Employees352
Market Cap$2.09 billion
Next Earnings Date8/7/2019 (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 Wednesday, June 12th. Stockholders of record on Tuesday, July 2nd will be paid a dividend of $0.20 per share on Friday, July 12th. This represents a $0.80 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend is Monday, July 1st. View Mack Cali Realty's Dividend History.

How were Mack Cali Realty's earnings last quarter?

Mack Cali Realty Corp (NYSE:CLI) issued its earnings results on Wednesday, February, 20th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, meeting the Zacks' consensus estimate of $0.45. The real estate investment trust earned $132.94 million during the quarter, compared to analyst estimates of $133.43 million. Mack Cali Realty had a net margin of 53.15% and a return on equity of 15.99%. The business's revenue for the quarter was down 7.4% on a year-over-year basis. During the same period last year, the business posted $0.50 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, August 7th 2019. 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, May, 1st. The company provided earnings per share guidance of $1.60-1.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.65.

What price target have analysts set for CLI?

7 brokerages have issued 1-year price objectives for Mack Cali Realty's shares. Their predictions range from $18.00 to $30.00. On average, they anticipate Mack Cali Realty's stock price to reach $22.5460 in the next year. This suggests that the stock has a possible downside of 4.3%. View Analyst Price Targets for Mack Cali Realty.

What is the consensus analysts' recommendation for 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.

Has Mack Cali Realty been receiving favorable news coverage?

Media stories about CLI stock have trended neutral this week, according to InfoTrie. The research firm identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded 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 0.5 on InfoTrie's scale. They also assigned media stories about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the near future. View News Stories for Mack Cali Realty.

Are investors shorting Mack Cali Realty?

Mack Cali Realty saw a decrease in short interest during the month of May. As of May 15th, there was short interest totalling 1,168,500 shares, a decrease of 8.5% from the April 15th total of 1,276,400 shares. Based on an average daily trading volume, of 403,400 shares, the short-interest ratio is currently 2.9 days. Approximately 1.5% of the company's stock are sold short. 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 General Electric (GE), Cisco Systems (CSCO), AGNC Investment (AGNC), Prospect Capital (PSEC), Ford Motor (F), ANNALY CAP MGMT/SH (NLY), Verizon Communications (VZ), WP Carey (WPC), Kraft Heinz (KHC) and Uniti Group (UNIT).

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 investors include BlackRock Inc. (14.44%), Centersquare Investment Management LLC (3.97%), Centersquare Investment Management LLC (3.90%), Frontier Capital Management Co. LLC (2.96%), Victory Capital Management Inc. (2.33%) and FMR LLC (1.27%). 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 institutional investors are selling Mack Cali Realty stock?

CLI stock was sold by a variety of institutional investors in the last quarter, including LSV Asset Management, Centersquare Investment Management LLC, Centersquare Investment Management LLC, BlackRock Inc., Victory Capital Management Inc., California Public Employees Retirement System, Teachers Insurance & Annuity Association of America and Sumitomo Mitsui Trust Holdings Inc.. View Insider Buying and Selling for Mack Cali Realty.

Which institutional investors are buying Mack Cali Realty stock?

CLI stock was purchased by a variety of institutional investors in the last quarter, including Long Pond Capital LP, JPMorgan Chase & Co., BNP Paribas Arbitrage SA, Meeder Asset Management Inc., SG Americas Securities LLC, Frontier Capital Management Co. LLC, HAP Trading LLC and Convergence Investment Partners LLC. 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, Scottrade, Fidelity and Charles Schwab.

What is Mack Cali Realty's stock price today?

One share of CLI stock can currently be purchased for approximately $23.56.

How big of a company is Mack Cali Realty?

Mack Cali Realty has a market capitalization of $2.13 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:  2.0 out of 5 (star star)
Outperform Votes:  236 (Thanks for Voting!)
Underperform Votes:  340 (Thanks for Voting!)
Total Votes:  576
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 6/26/2019 by MarketBeat.com Staff

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