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.
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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 Date10/30/2019 (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 announced a quarterly dividend on Wednesday, June 12th. Investors of record on Tuesday, July 2nd will be paid a dividend of $0.20 per share on Friday, July 12th. This represents a $0.80 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Monday, July 1st. View Mack Cali Realty's Dividend History.
How were Mack Cali Realty's earnings last quarter?
Mack Cali Realty Corp (NYSE:CLI) posted its earnings results on Wednesday, August, 7th. The real estate investment trust reported ($0.43) EPS for the quarter, missing the consensus estimate of $0.41 by $0.84. The real estate investment trust earned $130.46 million during the quarter, compared to the consensus estimate of $132.61 million. Mack Cali Realty had a return on equity of 14.57% and a net margin of 49.47%. The business's revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the company earned $0.45 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 issued an update on its FY19 earnings guidance on Wednesday, August, 7th. The company provided EPS guidance of $1.58-1.66 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.62.
What price target have analysts set for CLI?
7 Wall Street analysts have issued 1-year price objectives for Mack Cali Realty's shares. Their forecasts range from $18.00 to $30.00. On average, they expect Mack Cali Realty's share price to reach $23.3460 in the next twelve months. This suggests a possible upside of 8.8% from the stock's current price. 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, 4 hold ratings and 2 buy ratings 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 coverage about CLI stock has been trending positive recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Mack Cali Realty earned a coverage optimism score of 2.5 on InfoTrie's scale. They also gave news stories about the real estate investment trust a news buzz of 6.0 out of 10, meaning that recent press coverage is somewhat likely to have an impact on the stock's share price in the near term. View News Stories for Mack Cali Realty.
Are investors shorting Mack Cali Realty?
Mack Cali Realty saw a increase in short interest in July. As of July 31st, there was short interest totalling 1,394,300 shares, an increase of 5.3% from the June 30th total of 1,324,200 shares. Based on an average trading volume of 417,600 shares, the short-interest ratio is presently 3.3 days. Currently, 1.6% of the shares of the company are sold short. View Mack Cali Realty's Current Options Chain.
Who are some of Mack Cali Realty's key competitors?
Some companies that are related to Mack Cali Realty include Gaming and Leisure Properties (GLPI), Kilroy Realty (KRC), CyrusOne (CONE), Kimco Realty (KIM), Liberty Property Trust (LPT), Lamar Advertising (LAMR), Apartment Investment and Management (AIV), American Homes 4 Rent (AMH), Douglas Emmett (DEI), AmeriCold Realty Trust (COLD), CubeSmart (CUBE), Starwood Property Trust (STWD), SL Green Realty (SLG), American Campus Communities (ACC) and New Residential Investment (NRZ).
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)
- Mr. Giovanni M. DeBari, Chief Accounting Officer
- Ms. Deidre Crockett, Sr. VP of Corp. Communications & Investor Relations
Who are Mack Cali Realty's major shareholders?
Mack Cali Realty's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.12%), Vanguard Group Inc. (14.03%), Renaissance Technologies LLC (5.54%), Morgan Stanley (5.33%), Centersquare Investment Management LLC (3.26%) and Northern Trust Corp (2.91%). Company insiders that own Mack Cali Realty stock include Alan R Batkin, David J Smetana, 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, Centersquare Investment Management LLC, LSV Asset Management, Vanguard Group Inc., Victory Capital Management Inc., BlackRock Inc., Prudential Financial Inc. and Russell Investments Group Ltd.. View Insider Buying and Selling for Mack Cali Realty.
Which institutional investors are buying Mack Cali Realty stock?
CLI stock was acquired by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Land & Buildings Investment Management LLC, Renaissance Technologies LLC, Northern Trust Corp, Marshall Wace LLP, Bank of New York Mellon Corp, Susquehanna International Group LLP and Sumitomo Mitsui Trust Holdings Inc.. Company insiders that have bought Mack Cali Realty stock in the last two years include Alan R Batkin, David J Smetana, 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 $21.4650.
How big of a company is Mack Cali Realty?
Mack Cali Realty has a market capitalization of $1.94 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.View Additional Information About Mack Cali Realty.
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.
