About Mack Cali Realty (NYSE:CLI)
Mack-Cali Realty Corporation is a self-administered and self-managed real estate investment trust (REIT). The Company owns and operates a real estate portfolio of Class A office and office/flex properties. It operates in three segments: commercial and other real estate, multi-family real estate and multi-family services. Its commercial and other real estate provides leasing, property management, acquisition, development, construction and tenant-related services for its commercial and other real estate, and multi-family real estate portfolio. Its multi-family services business also provides similar services for third parties. It owned or had interests in approximately 248 properties, consisting of approximately 119 office and approximately 110 flex properties, totaling approximately 26.6 million square feet, leased to approximately 1,600 commercial tenants and approximately 19 multi-family rental properties containing approximately 5,614 residential units, plus developable land.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryOffice REITs
SectorFinance
SymbolNYSE:CLI
CUSIP55448910
Phone732-590-1010
Debt
Debt-to-Equity Ratio1.68%
Current Ratio0.87%
Quick Ratio0.87%
Price-To-Earnings
Trailing P/E Ratio7.66
Forward P/E Ratio9.29
P/E Growth2.77
Sales & Book Value
Annual Sales$616.20 million
Price / Sales2.50
Cash Flow$2.5973 per share
Price / Cash6.58
Book Value$18.56 per share
Price / Book0.92
Profitability
EPS (Most Recent Fiscal Year)$2.23
Net Income$23.18 million
Net Margins2.16%
Return on Equity0.79%
Return on Assets0.27%
Miscellaneous
Employees439
Outstanding Shares90,140,000
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, March 14th. Investors of record on Tuesday, April 3rd will be paid a dividend of $0.20 per share on Friday, April 13th. This represents a $0.80 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date is Monday, April 2nd. View Mack Cali Realty's Dividend History.
How were Mack Cali Realty's earnings last quarter?
Mack Cali Realty Corp (NYSE:CLI) released its quarterly earnings results on Wednesday, February, 21st. The real estate investment trust reported $0.03 EPS for the quarter, missing the consensus estimate of $0.53 by $0.50. The real estate investment trust earned $143.53 million during the quarter, compared to analyst estimates of $146.18 million. Mack Cali Realty had a return on equity of 0.79% and a net margin of 2.16%. 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 FY18 earnings guidance on Wednesday, February, 21st. The company provided earnings per share guidance of $1.80-1.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.09.
What price target have analysts set for CLI?
6 equities research analysts have issued twelve-month target prices for Mack Cali Realty's stock. Their predictions range from $18.00 to $30.00. On average, they expect Mack Cali Realty's share price to reach $25.8333 in the next year. View Analyst Ratings for Mack Cali Realty.
Who are some of Mack Cali Realty's key competitors?
Some companies that are related to Mack Cali Realty include MFA Financial (MFA), EastGroup Properties (EGP), Uniti Group (UNIT), National Health Investors (NHI), Physicians Realty Trust (DOC), Brandywine Realty Trust (BDN), Americold Realty Trust (COLD), Corporate Office Properties Trust (OFC), Two Harbors Investment (TWO), Geo Group (GEO), Empire State Realty (ESRT), DDR (DDR), Great Portland Est (GPEAF), Outfront Media (OUT), Retail Properties of America (RPAI), Education Realty Trust (EDR), Columbia Property Trust (CXP) and Pebblebrook Hotel (PEB).
Who are Mack Cali Realty's key executives?
Mack Cali Realty's management team includes the folowing people:
- William L. Mack, Chairman of the Board (Age 77)
- Robert Andrew Marshall, President, Chief Operating Officer of Roseland (Age 47)
- Michael J. DeMarco, Chief Executive Officer (Age 47)
- Mitchell E. Rudin J.D., Vice Chairman of the Board (Age 63)
- Anthony Krug, Chief Financial Officer (Age 59)
- Marshall B. Tycher, Chairman of Roseland (Age 62)
- Christopher DeLorenzo, Executive Vice President, Leasing (Age 47)
- Ricardo Cardoso, Chief Investment Officer (Age 45)
- Gary T. Wagner, General Counsel, Secretary (Age 57)
- Alan S. Bernikow, Lead Independent Director (Age 76)
Has Mack Cali Realty been receiving favorable news coverage?
News coverage about CLI stock has been trending positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Mack Cali Realty earned a news impact score of 0.30 on Accern's scale. They also assigned press coverage about the real estate investment trust an impact score of 44.14 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near future.
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 $17.09.
How big of a company is Mack Cali Realty?
Mack Cali Realty has a market capitalization of $1.54 billion and generates $616.20 million in revenue each year. The real estate investment trust earns $23.18 million in net income (profit) each year or $2.23 on an earnings per share basis. Mack Cali Realty employs 439 workers across the globe.
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 (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.
Mack Cali Realty (NYSE:CLI) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
6 Wall Street analysts have issued ratings and price targets for Mack Cali Realty in the last 12 months. Their average twelve-month price target is $25.8333, suggesting that the stock has a possible upside of 51.16%. The high price target for CLI is $30.00 and the low price target for CLI is $18.00. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.17 | 2.17 | 2.00 | 2.43 |
| Ratings Breakdown: | 1 Sell Rating(s)
3 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
3 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
2 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
2 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $25.8333 | $25.8333 | $28.00 | $28.4286 |
| Price Target Upside: | 51.16% upside | 51.78% upside | 23.84% upside | 21.80% upside |
Mack Cali Realty (NYSE:CLI) Consensus Price Target History
Mack Cali Realty (NYSE:CLI) Analyst Ratings History
Show:
(Data available from 4/19/2016 forward)
Mack Cali Realty (NYSE:CLI) Dividend Information
Mack Cali Realty pays an annual dividend of $0.80 per share, with a dividend yield of 4.68%. CLI's most recent quarterly dividend payment was Friday, April 13. The company has grown its dividend for the last 2 consecutive years and is increasing its dividend by an average of -8.00% each year. Mack Cali Realty pays out 35.87% of its earnings out as a dividend.
| Most Recent Dividend: | 4/13/2018 |
| Annual Dividend: | $0.80 |
| Dividend Yield: | 4.68% |
| Dividend Growth: | -8.00% (3 Year Average) |
| Payout Ratio: | 35.87% (Trailing 12 Months of Earnings)
43.48% (Based on This Year's Estimates)
39.80% (Based on Next Year's Estimates)
|
| Track Record: | 2 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Mack Cali Realty (NYSE:CLI) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/14/2018 | quarterly | $0.20 | 4.5766590389016% | 4/2/2018 | 4/3/2018 | 4/13/2018 |
| 12/12/2017 | quarterly | $0.20 | 3.71% | 1/2/2018 | 1/3/2018 | 1/12/2018 |
| 9/14/2017 | quarterly | $0.20 | 3.44% | 10/2/2017 | 10/3/2017 | 10/13/2017 |
| 6/12/2017 | quarterly | $0.20 | | 7/3/2017 | 7/6/2017 | 7/14/2017 |
| 3/14/2017 | quarterly | $0.15 | 2.2% | 4/3/2017 | 4/5/2017 | 4/13/2017 |
| 12/14/2016 | quarterly | $0.15 | 2.15% | 1/3/2017 | 1/5/2017 | 1/13/2017 |
| 9/27/2016 | quarterly | $0.15 | 2.14% | 10/3/2016 | 10/5/2016 | 10/14/2016 |
| 6/1/2016 | quarterly | $0.15 | 2.27% | 7/1/2016 | 7/6/2016 | 7/15/2016 |
| 3/8/2016 | quarterly | $0.15 | 2.81% | 4/1/2016 | 4/5/2016 | 4/15/2016 |
| 12/8/2015 | quarterly | $0.15 | 2.66% | 1/4/2016 | 1/6/2016 | 1/15/2016 |
| 9/22/2015 | quarterly | $0.15 | 3.03% | 10/2/2015 | 10/5/2015 | 10/15/2015 |
| 5/11/2015 | quarterly | $0.15 | 3.38% | 7/1/2015 | 7/6/2015 | 7/14/2015 |
| 3/10/2015 | quarterly | $0.15 | 3.24% | 4/1/2015 | 4/6/2015 | 4/14/2015 |
| 12/9/2014 | quarterly | $0.15 | 3.17% | 1/2/2015 | 1/6/2015 | 1/14/2015 |
| 9/11/2014 | quarterly | $0.15 | 2.98% | 10/1/2014 | 10/3/2014 | 10/10/2014 |
| 5/30/2014 | quarterly | $0.15 | 2.72% | 7/1/2014 | 7/3/2014 | 7/11/2014 |
| 3/11/2014 | quarterly | $0.30 | 5.61% | 4/1/2014 | 4/3/2014 | 4/11/2014 |
| 12/10/2013 | quarterly | $0.30 | 5.72% | 1/2/2014 | 1/6/2014 | 1/15/2014 |
| 9/12/2013 | quarterly | $0.30 | 5.67% | 10/1/2013 | 10/3/2013 | 10/11/2013 |
| 5/15/2013 | quarterly | $0.30 | 4.31% | 7/1/2013 | 7/3/2013 | 7/12/2013 |
| 3/12/2013 | quarterly | $0.45 | 6.27% | 4/1/2013 | 4/3/2013 | 4/12/2013 |
(Data available from 1/1/2013 forward)
Mack Cali Realty (NYSE CLI) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 6.80%
Institutional Ownership Percentage: 99.28%
Mack Cali Realty (NYSE CLI) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/6/2018 | David J Smetana | CFO | Buy | 5,800 | $16.86 | $97,788.00 | 5,800 |  |
| 6/23/2017 | Kevin Loiselle | Insider | Buy | 100,000 | $0.08 | $8,000.00 | | |
| 3/17/2017 | Alan G. Philibosian | Director | Sell | 15,000 | $27.22 | $408,300.00 | | |
| 3/2/2016 | Jonathan Litt | Director | Buy | 48,400 | $20.75 | $1,004,300.00 | | |
| 2/4/2016 | Ricardo Cardoso | EVP | Buy | 23,000 | $19.54 | $449,420.00 | 35,000 | |
| 12/30/2015 | Roderick M Bryden | Director | Buy | 3,000 | $0.28 | $840.00 | | |
| 9/29/2015 | Jonathan Litt | Director | Buy | 130,500 | $19.08 | $2,489,940.00 | | |
| 9/16/2015 | Jonathan Litt | Director | Buy | 210,000 | $19.95 | $4,189,500.00 | | |
| 11/19/2014 | Jonathan Litt | Director | Buy | 187,400 | $19.15 | $3,588,710.00 | | |
| 10/29/2014 | Jonathan Litt | Director | Sell | 187,400 | $18.52 | $3,470,648.00 | | |
| 7/7/2014 | Irvin D Reid | Director | Sell | 20,000 | $21.10 | $422,000.00 | | |
| 3/31/2014 | Barry Lefkowitz | CFO | Sell | 15,000 | $20.96 | $314,400.00 | 194,524 | |
| 3/24/2014 | Barry Lefkowitz | CFO | Sell | 10,000 | $20.67 | $206,700.00 | 226,393 | |
| 3/21/2014 | Barry Lefkowitz | CFO | Sell | 9,623 | $21.24 | $204,392.52 | 236,393 | |
| 3/18/2014 | Barry Lefkowitz | CFO | Sell | 30,000 | $21.32 | $639,600.00 | 246,016 | |
| 8/30/2013 | Barry Lefkowitz | CFO | Sell | 25,000 | $21.67 | $541,750.00 | 268,981 | |
| 8/28/2013 | Mitchell Hersh | CEO | Buy | 5,000 | $21.67 | $108,350.00 | 669,639 | |
| 8/13/2013 | Roger Thomas | EVP | Sell | 46,832 | $22.73 | $1,064,491.36 | 143,624 | |
| 6/7/2013 | Vincent Tese | Director | Sell | 2,706 | $25.69 | $69,517.14 | | |
(Data available from 1/1/2013 forward)
Mack Cali Realty (NYSE CLI) News Headlines
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Mack Cali Realty (NYSE:CLI) SEC Filings
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Mack Cali Realty (NYSE:CLI) Income Statement, Balance Sheet and Cash Flow Statement
Mack Cali Realty (NYSE CLI) Stock Chart for Thursday, April, 19, 2018
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