NYSE:CLIMack Cali Realty Stock Price, Forecast & News

Mack Cali Realty's stock was trading at $17.95 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CLI stock has decreased by 15.0% and is now trading at $15.26. View which stocks have been most impacted by Coronavirus.

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, 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Mack Cali Realty.

Mack Cali Realty is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Mack Cali Realty.

Mack Cali Realty Corp (NYSE:CLI) released its quarterly earnings results on Wednesday, May, 6th. The real estate investment trust reported ($0.47) EPS for the quarter, missing the consensus estimate of $0.37 by $0.84. The real estate investment trust had revenue of $82.06 million for the quarter, compared to analysts' expectations of $124.18 million. Mack Cali Realty had a negative return on equity of 2.99% and a negative net margin of 40.73%. During the same period last year, the company posted $0.40 EPS. View Mack Cali Realty's earnings history.

Mack Cali Realty declared a quarterly dividend on Monday, March 23rd. Shareholders of record on Thursday, April 2nd will be paid a dividend of $0.20 per share on Tuesday, April 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.24%. The ex-dividend date of this dividend is Wednesday, April 1st. View Mack Cali Realty's dividend history.

7 Wall Street analysts have issued 1-year price objectives for Mack Cali Realty's shares. Their forecasts range from $15.00 to $30.00. On average, they expect Mack Cali Realty's stock price to reach $21.71 in the next twelve months. This suggests a possible upside of 42.3% from the stock's current price. View analysts' price targets for Mack Cali Realty.

News coverage about CLI stock has trended very negative on Thursday, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Mack Cali Realty earned a news sentiment score of -3.3 on InfoTrie's scale. They also assigned news coverage about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news about Mack Cali Realty.

Mack Cali Realty saw a increase in short interest in the month of June. As of June 15th, there was short interest totaling 6,200,000 shares, an increase of 17.0% from the May 31st total of 5,300,000 shares. Based on an average daily volume of 991,500 shares, the short-interest ratio is presently 6.3 days. Approximately 7.3% of the shares of the stock are sold short. View Mack Cali Realty's Current Options Chain.

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

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).

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

Mack Cali Realty's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Pensionfund DSM Netherlands (0.01%) and Pensionfund Sabic (0.01%). Company insiders that own Mack Cali Realty stock include Alan R Batkin 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 Pensionfund DSM Netherlands, and Pensionfund Sabic. View insider buying and selling activity 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 $15.26.

Mack Cali Realty has a market capitalization of $1.38 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.

The official website for Mack Cali Realty is 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]