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NYSE:CLI

Mack-Cali Realty Stock Forecast, Price & News

$14.19
+0.20 (+1.43 %)
(As of 12/4/2020 03:59 PM ET)
Add
Compare
Today's Range
$14.03
Now: $14.19
$14.26
50-Day Range
$10.41
MA: $12.51
$14.67
52-Week Range
$10.35
Now: $14.19
$23.89
Volume24,257 shs
Average Volume890,833 shs
Market Capitalization$1.29 billion
P/E RatioN/A
Dividend Yield5.84%
Beta1.11
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. A fully-integrated and self-managed company, Mack-Cali has provided world-class management, leasing, and development services throughout New Jersey and the surrounding region for two decades. By regularly investing in its properties and innovative lifestyle amenity packages, Mack-Cali creates environments that empower tenants and residents to reimagine the way they work and live.
Mack-Cali Realty logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.1Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.99 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryOffice REITs
SectorFinance
CUSIP55448910
Phone732-590-1010
Employees283

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$350.93 million
Cash Flow$4.14 per share
Book Value$16.80 per share

Profitability

Net Income$111.86 million

Miscellaneous

Market Cap$1.29 billion
Next Earnings Date2/24/2021 (Estimated)
OptionableOptionable
$14.19
+0.20 (+1.43 %)
(As of 12/4/2020 03:59 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Mack-Cali Realty (NYSE:CLI) Frequently Asked Questions

How has Mack-Cali Realty's stock been impacted by COVID-19?

Mack-Cali Realty's stock was trading at $17.95 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CLI stock has decreased by 21.5% and is now trading at $14.09.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of 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
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Mack-Cali Realty?

Wall Street analysts have given Mack-Cali Realty a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Mack-Cali Realty wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Mack-Cali Realty's next earnings date?

Mack-Cali Realty is scheduled to release its next quarterly earnings announcement on Wednesday, February 24th 2021.
View our earnings forecast for Mack-Cali Realty
.

How were Mack-Cali Realty's earnings last quarter?

Mack-Cali Realty Co. (NYSE:CLI) released its quarterly earnings results on Wednesday, November, 4th. The real estate investment trust reported ($0.84) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.29 by $1.13. The real estate investment trust had revenue of $77.65 million for the quarter, compared to analysts' expectations of $96.50 million. Mack-Cali Realty had a negative net margin of 53.81% and a negative return on equity of 5.80%. The company's quarterly revenue was down 11.1% on a year-over-year basis. During the same period last year, the business posted $0.38 EPS.
View Mack-Cali Realty's earnings history
.

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, July 1st. Stockholders of record on Monday, July 13th will be paid a dividend of $0.20 per share on Friday, July 24th. This represents a $0.80 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date of this dividend is Friday, July 10th.
View Mack-Cali Realty's dividend history
.

What price target have analysts set for CLI?

7 Wall Street analysts have issued twelve-month price objectives for Mack-Cali Realty's shares. Their forecasts range from $14.00 to $30.00. On average, they expect Mack-Cali Realty's share price to reach $20.29 in the next twelve months. This suggests a possible upside of 44.0% from the stock's current price.
View analysts' price targets for Mack-Cali Realty
.

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), Ford Motor (F), Brandywine Realty Trust (BDN), Bristol-Myers Squibb (BMY), Cleveland-Cliffs (CLF), Cisco Systems (CSCO), Corning (GLW), Newell Brands (NWL), Uniti Group (UNIT) and Bank of America (BAC).

Who are Mack-Cali Realty's key executives?

Mack-Cali Realty's management team includes the following people:
  • Ms. MaryAnne Gilmartin, Interim CEO & Chairman (Age 56, Pay $58.39k)
  • Mr. David J. Smetana, Chief Financial Officer (Age 48, Pay $870.6k)
  • Mr. Ricardo Cardoso, Exec. VP & Chief Investment Officer (Age 48, Pay $870.6k)
  • Mr. Gary T. Wagner Esq., J.D., Gen. Counsel & Sec. (Age 60, Pay $861.6k)
  • Mr. Giovanni M. DeBari, Chief Accounting Officer (Age 48)
  • Mr. Nicholas Mitarotonda Jr., Sr. VP & Chief Information Officer
  • Ms. Deidre Crockett, Exec. VP & Chief Admin. Officer (Age 45)
  • Mr. Dean Cingolani, Sr. VP of Property Management
  • Mr. Jamie Stover, Sr. VP of Devel., Roseland Residential Trust
  • Mr. Edward J. Guiltinan, Sr. VP of Leasing

What is Mack-Cali Realty's stock symbol?

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

Who are Mack-Cali Realty's major shareholders?

Mack-Cali Realty's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (16.31%), State Street Corp (4.84%), Morgan Stanley (3.21%), Victory Capital Management Inc. (1.83%), Charles Schwab Investment Management Inc. (1.31%) and JPMorgan Chase & Co. (0.90%).
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 State Street Corp, Dalton Greiner Hartman Maher & Co., American International Group Inc., Congress Asset Management Co. MA, The Manufacturers Life Insurance Company , Great West Life Assurance Co. Can, Charles Schwab Investment Management Inc., and JPMorgan Chase & Co..
View insider buying and selling activity for Mack-Cali Realty
.

Which major investors are buying Mack-Cali Realty stock?

CLI stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Morgan Stanley, Principal Financial Group Inc., Public Sector Pension Investment Board, Cubist Systematic Strategies LLC, Jane Street Group LLC, State of Alaska Department of Revenue, and AQR Capital Management LLC.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Mack-Cali Realty's stock price today?

One share of CLI stock can currently be purchased for approximately $14.09.

How big of a company is Mack-Cali Realty?

Mack-Cali Realty has a market capitalization of $1.28 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 283 workers across the globe.

What is Mack-Cali Realty's official website?

The official website for Mack-Cali Realty is 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]

This page was last updated on 12/4/2020 by MarketBeat.com Staff

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