Log in

NYSE:CLIMack Cali Realty Stock Price, Forecast & News

$15.21
-0.47 (-3.00 %)
(As of 05/29/2020 04:00 PM ET)
Add
Compare
Today's Range
$14.99
Now: $15.21
$15.58
50-Day Range
$13.55
MA: $15.27
$17.05
52-Week Range
$12.90
Now: $15.21
$24.88
Volume1.35 million shs
Average Volume767,727 shs
Market Capitalization$1.38 billion
P/E RatioN/A
Dividend Yield5.10%
Beta1.2
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.
Read More
Mack Cali Realty logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.1Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.87 out of 5 stars


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$350.93 million
Cash Flow$3.87 per share
Book Value$18.02 per share

Profitability

Net Income$111.86 million

Miscellaneous

Employees352
Market Cap$1.38 billion
Next Earnings Date8/5/2020 (Estimated)
OptionableOptionable

Receive CLI News and Ratings via Email

Sign-up to receive the latest news and ratings for CLI and its competitors with MarketBeat's FREE daily newsletter.

Mack Cali Realty (NYSE:CLI) Frequently Asked Questions

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

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 stock has decreased by 15.3% and is now trading at $15.21. View which stocks have been most impacted by Coronavirus.

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

When is Mack Cali Realty's next earnings date?

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.

How were Mack Cali Realty's earnings last quarter?

Mack Cali Realty Corp (NYSE:CLI) issued its earnings results on Wednesday, May, 6th. The real estate investment trust reported ($0.47) EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.37 by $0.84. The real estate investment trust earned $82.06 million during the quarter, compared to analyst estimates of $124.18 million. Mack Cali Realty had a negative net margin of 40.73% and a negative return on equity of 2.99%. During the same period in the previous year, the business earned $0.40 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 announced 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 yield of 5.26%. The ex-dividend date is Wednesday, April 1st. View Mack Cali Realty's dividend history.

What price target have analysts set for CLI?

7 brokerages have issued 1 year price targets for Mack Cali Realty's shares. Their forecasts range from $15.00 to $30.00. On average, they anticipate Mack Cali Realty's share price to reach $21.71 in the next year. This suggests a possible upside of 42.8% from the stock's current price. View analysts' price targets for Mack Cali Realty.

Has Mack Cali Realty been receiving favorable news coverage?

Media headlines about CLI stock have been trending somewhat negative on Saturday, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Mack Cali Realty earned a daily sentiment score of -1.0 on InfoTrie's scale. They also gave headlines about the real estate investment trust a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an effect on the company's share price in the next few days. View the latest news aboutMack Cali Realty.

Are investors shorting Mack Cali Realty?

Mack Cali Realty saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 3,630,000 shares, an increase of 19.8% from the April 30th total of 3,030,000 shares. Based on an average daily trading volume, of 1,050,000 shares, the short-interest ratio is presently 3.5 days. Currently, 4.3% of the shares of the company 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 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).

Who are Mack Cali Realty's key executives?

Mack Cali Realty's management team includes the following 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

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 a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (13.78%), Madison International Realty Holdings LLC (6.33%), State Street Corp (5.41%), Citigroup Inc. (2.83%), Victory Capital Management Inc. (2.07%) and Victory Capital Management Inc. (2.07%). Company insiders that own Mack Cali Realty stock include Alan R Batkin, 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 Morgan Stanley, Morgan Stanley, Invesco Ltd., Wells Fargo & Company MN, First Manhattan Co., UBS Group AG, BlackRock Inc., and Principal Financial Group Inc.. View insider buying and selling activity for Mack Cali Realty.

Which institutional investors are buying Mack Cali Realty stock?

CLI stock was bought by a variety of institutional investors in the last quarter, including Citigroup Inc., Madison International Realty Holdings LLC, JPMorgan Chase & Co., Northwood Liquid Management LP, Nuveen Asset Management LLC, State Street Corp, Forward Management LLC, and SG Americas Securities LLC. Company insiders that have bought Mack Cali Realty stock in the last two years include Alan R Batkin, Michael J Demarco, and Nathan Gantcher. 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 $15.21.

How big of a company is Mack Cali Realty?

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.

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 5/30/2020 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.