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

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

$24.13
+0.05 (+0.21 %)
(As of 06/17/2019 12:31 PM ET)
Today's Range
$24.05
Now: $24.13
$24.25
50-Day Range
$22.11
MA: $22.96
$24.39
52-Week Range
$18.74
Now: $24.13
$24.88
Volume6,423 shs
Average Volume372,483 shs
Market Capitalization$2.18 billion
P/E Ratio13.18
Dividend Yield3.32%
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$2.9499 per share
Book Value$18.79 per share

Profitability

Net Income$84.11 million

Miscellaneous

Employees352
Market Cap$2.18 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 announced a quarterly dividend on Wednesday, June 12th. Shareholders 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 dividend on an annualized basis and a yield of 3.32%. 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) released its earnings results on Wednesday, February, 20th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of $0.45. The real estate investment trust earned $132.94 million during the quarter, compared to the consensus estimate of $133.43 million. Mack Cali Realty had a net margin of 53.15% and a return on equity of 15.99%. The firm's revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the company earned $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 EPS estimate of $1.65. Mack Cali Realty also updated its FY 2019 guidance to $1.60-1.70 EPS.

What price target have analysts set for CLI?

7 equities research analysts have issued twelve-month target prices for Mack Cali Realty's shares. Their forecasts range from $18.00 to $30.00. On average, they expect Mack Cali Realty's share price to reach $22.5460 in the next year. This suggests that the stock has a possible downside of 6.6%. 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?

News coverage about CLI stock has trended somewhat positive recently, InfoTrie Sentiment reports. The research firm scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Mack Cali Realty earned a daily sentiment score of 1.4 on InfoTrie's scale. They also assigned media stories about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the next few days. 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 31st, there was short interest totalling 1,107,800 shares, a decrease of 5.2% from the April 30th total of 1,168,500 shares. Based on an average trading volume of 391,500 shares, the short-interest ratio is presently 2.8 days. Currently, 1.3% of the company's shares 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 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 number of of retail and institutional investors. Top institutional shareholders 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 David J Smetana, Kevin Loiselle, 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 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 major investors are buying Mack Cali Realty stock?

CLI stock was bought 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 David J Smetana, Kevin Loiselle, 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 $24.13.

How big of a company is Mack Cali Realty?

Mack Cali Realty has a market capitalization of $2.18 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 investorrelations@mack-cali.com.


MarketBeat Community Rating for Mack Cali Realty (NYSE CLI)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  236 (Thanks for Voting!)
Underperform Votes:  339 (Thanks for Voting!)
Total Votes:  575
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 6/17/2019 by MarketBeat.com Staff

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