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.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryOffice REITs
SectorFinance
Phone732-590-1010
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$530.61 million
Profitability
Miscellaneous
Employees352
Next Earnings Date5/1/2019 (Estimated)
OptionableOptionable
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 Thursday, March 14th. Investors of record on Tuesday, April 2nd will be paid a dividend of $0.20 per share on Friday, April 12th. This represents a $0.80 annualized dividend and a yield of 3.67%. The ex-dividend date is Monday, April 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 EPS for the quarter, meeting 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 14.71% and a return on equity of 4.62%. The business's quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.50 EPS. View Mack Cali Realty's Earnings History.
When is Mack Cali Realty's next earnings date?
What guidance has Mack Cali Realty issued on next quarter's earnings?
Mack Cali Realty updated its FY19 earnings guidance on Wednesday, February, 20th. The company provided EPS guidance of $1.60-1.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.71. Mack Cali Realty also updated its FY 2019 guidance to $1.60-1.70 EPS.
What price target have analysts set for CLI?
7 brokerages have issued 1-year target prices for Mack Cali Realty's stock. Their predictions range from $18.00 to $26.00. On average, they anticipate Mack Cali Realty's stock price to reach $21.40 in the next year. This suggests that the stock has a possible downside of 1.7%. 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, 5 hold ratings and 1 buy rating 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 articles about CLI stock have trended somewhat negative recently, according to InfoTrie. The research firm rates the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Mack Cali Realty earned a media sentiment score of -1.4 on InfoTrie's scale. They also gave news articles about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the next several days.
Who are some of Mack Cali Realty's key competitors?
Some companies that are related to Mack Cali Realty include Lamar Advertising (LAMR), Kilroy Realty (KRC), Kimco Realty (KIM), Omega Healthcare Investors (OHI), SL Green Realty (SLG), Apartment Investment and Management (AIV), Store Capital (STOR), Liberty Property Trust (LPT), Medical Properties Trust (MPW), New Residential Investment (NRZ), Douglas Emmett (DEI), American Homes 4 Rent (AMH), American Campus Communities (ACC), Starwood Property Trust (STWD) and Macerich (MAC).
What other stocks do shareholders of Mack Cali Realty own?
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)
- Ms. Deidre Crockett, Sr. VP, Corp. Communications & Investor Relations
- Mr. Gary T. Wagner Esq., J.D., Exec. VP, Gen. Counsel & Sec. (Age 59)
Who are Mack Cali Realty's major shareholders?
Mack Cali Realty's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.64%), LSV Asset Management (3.82%), Macquarie Group Ltd. (2.91%), Northern Trust Corp (2.72%), Victory Capital Management Inc. (2.42%) and Bank of New York Mellon Corp (1.86%). 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 institutional investors are selling Mack Cali Realty stock?
CLI stock was sold by a variety of institutional investors in the last quarter, including Land & Buildings Investment Management LLC, Prudential Financial Inc., Bank of New York Mellon Corp, LSV Asset Management, SG Americas Securities LLC, Northern Trust Corp, Victory Capital Management Inc. and Barclays PLC. 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 Norges Bank, Oregon Public Employees Retirement Fund, BlackRock Inc., Rhumbline Advisers, Nuveen Asset Management LLC, Geode Capital Management LLC, Geode Capital Management LLC and Metropolitan Life Insurance Co. NY. 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 $21.77.
How big of a company is Mack Cali Realty?
Mack Cali Realty has a market capitalization of $1.97 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.
What is Mack Cali Realty's official website?
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)
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.
