NYSE:CLI - Mack Cali Realty Stock Price, News & Analysis

$20.58
-0.41 (-1.95 %)
(As of 08/25/2019 04:00 PM ET)
Today's Range
$20.52
Now: $20.58
$21.23
50-Day Range
$20.73
MA: $22.91
$23.92
52-Week Range
$18.74
Now: $20.58
$24.88
Volume410,601 shs
Average Volume374,284 shs
Market Capitalization$1.86 billion
P/E Ratio11.25
Dividend Yield3.81%
Beta1.02
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. Read More…

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$530.61 million
Cash Flow$2.8864 per share
Book Value$20.72 per share

Profitability

Net Income$84.11 million

Miscellaneous

Employees352
Market Cap$1.86 billion
Next Earnings Date10/30/2019 (Estimated)
OptionableOptionable

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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 Wednesday, June 12th. Investors of record on Tuesday, July 2nd will be given a dividend of $0.20 per share on Friday, July 12th. This represents a $0.80 annualized dividend and a yield of 3.89%. 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 quarterly earnings results on Wednesday, August, 7th. The real estate investment trust reported ($0.43) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.41 by $0.84. The real estate investment trust earned $130.46 million during the quarter, compared to analysts' expectations of $132.61 million. Mack Cali Realty had a net margin of 49.47% and a return on equity of 14.57%. The company's quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.45 earnings per share. View Mack Cali Realty's Earnings History.

When is Mack Cali Realty's next earnings date?

Mack Cali Realty is scheduled to release their next quarterly earnings announcement on Wednesday, October 30th 2019. View Earnings Estimates for Mack Cali Realty.

What guidance has Mack Cali Realty issued on next quarter's earnings?

Mack Cali Realty updated its FY19 earnings guidance on Wednesday, August, 7th. The company provided earnings per share (EPS) guidance of $1.58-1.66 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.62.

What price target have analysts set for CLI?

7 Wall Street analysts have issued twelve-month price objectives for Mack Cali Realty's shares. Their predictions range from $18.00 to $30.00. On average, they expect Mack Cali Realty's stock price to reach $23.3460 in the next year. This suggests a possible upside of 13.4% 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?

Media stories about CLI stock have trended positive on Sunday, InfoTrie Sentiment reports. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Mack Cali Realty earned a news impact score of 2.5 on InfoTrie's scale. They also assigned media headlines about the real estate investment trust a news buzz of 6.0 out of 10, indicating that recent news 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 during the month of 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 currently 3.3 days. Approximately 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?

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 AGNC Investment (AGNC), General Electric (GE), Verizon Communications (VZ), Apple Hospitality REIT (APLE), ANNALY CAP MGMT/SH (NLY), Newell Brands (NWL), Omega Healthcare Investors (OHI), AT&T (T), WP Carey (WPC) and Exxon Mobil (XOM).

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 variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.12%), BlackRock Inc. (14.12%), Vanguard Group Inc. (14.03%), Renaissance Technologies LLC (5.54%), Morgan Stanley (5.33%) and Centersquare Investment Management LLC (3.26%). 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., BlackRock Inc. and Prudential Financial Inc.. View Insider Buying and Selling 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 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 $20.58.

How big of a company is Mack Cali Realty?

Mack Cali Realty has a market capitalization of $1.86 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?

The official website for Mack Cali Realty is http://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]


MarketBeat Community Rating for Mack Cali Realty (NYSE CLI)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  239 (Vote Outperform)
Underperform Votes:  348 (Vote Underperform)
Total Votes:  587
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.
This page was last updated on 8/25/2019 by MarketBeat.com Staff

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