NYSE:CLIMack Cali Realty Stock Price, Forecast & News

Mack Cali Realty's stock was trading at $17.95 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CLI shares have decreased by 20.6% and is now trading at $14.26. 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) issued its quarterly earnings results on Wednesday, May, 6th. The real estate investment trust reported ($0.47) earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by $0.84. The real estate investment trust earned $82.06 million during 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 in the previous year, the firm earned $0.40 EPS. View Mack Cali Realty's earnings history.

Mack Cali Realty announced 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 5.61%. The ex-dividend date of this dividend is Friday, July 10th. View Mack Cali Realty's dividend history.

7 brokerages have issued 12 month 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 year. This suggests a possible upside of 52.3% from the stock's current price. View analysts' price targets for Mack Cali Realty.

Media coverage about CLI stock has been trending negative recently, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Mack Cali Realty earned a media sentiment score of -2.1 on InfoTrie's scale. They also assigned media headlines about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news about Mack Cali Realty.

Mack Cali Realty saw a decrease in short interest during the month of June. As of June 30th, there was short interest totaling 5,810,000 shares, a decrease of 6.3% from the June 15th total of 6,200,000 shares. Based on an average daily trading volume, of 891,200 shares, the short-interest ratio is presently 6.5 days. Approximately 6.9% 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), SL Green Realty (SLG), Hudson Pacific Properties (HPP), 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 many different retail and institutional investors. Top institutional shareholders include Dalton Greiner Hartman Maher & Co. (0.94%), 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 Dalton Greiner Hartman Maher & Co., 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 $14.26.

Mack Cali Realty has a market capitalization of $1.29 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]