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:
- Sector: Finance
- Industry: Office REITs
- Sub-Industry: Office REITs
- Symbol: NYSE:CLI
- CUSIP: 55448910
- Web: www.mack-cali.com
- Market Cap: $2.12915 billion
- Outstanding Shares: 89,804,000
- 50 Day Moving Avg: $25.72
- 200 Day Moving Avg: $27.12
- 52 Week Range: $23.12 - $29.70
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 10.08
- P/E Growth: -125.16
- Annual Revenue: $641.51 million
- Price / Sales: 3.26
- Book Value: $16.35 per share
- Price / Book: 1.42
- Annual Dividend: $0.80
- Dividend Yield: 3.4%
- EBIDTA: $321.83 million
- Net Margins: -3.31%
- Return on Equity: -1.21%
- Return on Assets: -0.44%
- Debt-to-Equity Ratio: 1.78%
- Current Ratio: 1.02%
- Quick Ratio: 1.02%
- Average Volume: 565,434 shs.
- Beta: 1.16
- Short Ratio: 7.93
Frequently Asked Questions for Mack-Cali Realty Corporation (NYSE:CLI)
What is Mack-Cali Realty Corporation's stock symbol?
Mack-Cali Realty Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "CLI."
How often does Mack-Cali Realty Corporation pay dividends? What is the dividend yield for Mack-Cali Realty Corporation?
Mack-Cali Realty Corporation declared a quarterly dividend on Monday, June 12th. Investors of record on Thursday, July 6th will be given a dividend of $0.20 per share on Friday, July 14th. This represents a $0.80 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend is Monday, July 3rd. This is a boost from Mack-Cali Realty Corporation's previous quarterly dividend of $0.15. View Mack-Cali Realty Corporation's Dividend History.
How were Mack-Cali Realty Corporation's earnings last quarter?
Mack-Cali Realty Corporation (NYSE:CLI) issued its quarterly earnings data on Wednesday, August, 2nd. The company reported $0.60 EPS for the quarter, missing analysts' consensus estimates of $0.61 by $0.01. The company had revenue of $162.77 million for the quarter, compared to the consensus estimate of $150.94 million. Mack-Cali Realty Corporation had a negative return on equity of 1.21% and a negative net margin of 3.31%. During the same quarter last year, the business earned $0.55 EPS. View Mack-Cali Realty Corporation's Earnings History.
When will Mack-Cali Realty Corporation make its next earnings announcement?
What guidance has Mack-Cali Realty Corporation issued on next quarter's earnings?
Mack-Cali Realty Corporation issued an update on its FY17 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of $2.18-2.28 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.34.
Where is Mack-Cali Realty Corporation's stock going? Where will Mack-Cali Realty Corporation's stock price be in 2017?
6 analysts have issued 1 year price objectives for Mack-Cali Realty Corporation's shares. Their forecasts range from $24.00 to $32.00. On average, they expect Mack-Cali Realty Corporation's stock price to reach $29.00 in the next year. View Analyst Ratings for Mack-Cali Realty Corporation.
Who are some of Mack-Cali Realty Corporation's key competitors?
Who are Mack-Cali Realty Corporation's key executives?
Mack-Cali Realty Corporation's management team includes the folowing people:
- William L. Mack, Chairman of the Board
- Robert Andrew Marshall, President, Chief Operating Officer of Roseland
- Michael J. DeMarco, Chief Executive Officer
- Mitchell E. Rudin J.D., Vice Chairman of the Board
- Anthony Krug, Chief Financial Officer
- Marshall B. Tycher, Chairman of Roseland
- Christopher DeLorenzo, Executive Vice President, Leasing
- Ricardo Cardoso, Chief Investment Officer
- Gary T. Wagner, General Counsel, Secretary
- Alan S. Bernikow, Lead Independent Director
Who owns Mack-Cali Realty Corporation stock?
Mack-Cali Realty Corporation's stock is owned by many different of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (14.99%), BlackRock Inc. (13.01%), FMR LLC (6.07%), State Street Corp (4.72%), LSV Asset Management (4.18%) and Bank of New York Mellon Corp (4.03%). Company insiders that own Mack-Cali Realty Corporation stock include Alan G Philibosian, Jonathan Litt and Ricardo Cardoso. View Institutional Ownership Trends for Mack-Cali Realty Corporation.
Who sold Mack-Cali Realty Corporation stock? Who is selling Mack-Cali Realty Corporation stock?
Mack-Cali Realty Corporation's stock was sold by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., FMR LLC, Vanguard Group Inc., Schwab Charles Investment Management Inc., AJO LP, Martingale Asset Management L P, Macquarie Group Ltd. and Equity Investment Corp Acquisition Inc. View Insider Buying and Selling for Mack-Cali Realty Corporation.
Who bought Mack-Cali Realty Corporation stock? Who is buying Mack-Cali Realty Corporation stock?
Mack-Cali Realty Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Balyasny Asset Management LLC, Marshall Wace North America L.P., Renaissance Technologies LLC, Russell Investments Group Ltd., KRV Capital LP, Northern Trust Corp and Prudential Financial Inc.. Company insiders that have bought Mack-Cali Realty Corporation stock in the last two years include Jonathan Litt and Ricardo Cardoso. View Insider Buying and Selling for Mack-Cali Realty Corporation.
How do I buy Mack-Cali Realty Corporation stock?
Shares of Mack-Cali Realty Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Mack-Cali Realty Corporation's stock price today?
MarketBeat Community Rating for Mack-Cali Realty Corporation (NYSE CLI)MarketBeat's community ratings are surveys of what our community members think about Mack-Cali Realty Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Mack-Cali Realty Corporation stock can currently be purchased for approximately $23.29.
Consensus Ratings for Mack-Cali Realty Corporation (NYSE:CLI) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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 will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 3 Hold Ratings, 2 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.17)|
|Consensus Price Target: ||$29.00 (24.52% upside)|
Analysts' Ratings History for Mack-Cali Realty Corporation (NYSE:CLI)
(Data available from 8/19/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/18/2017||Barclays PLC||Lower Price Target||Underweight -> Underweight||$28.00 -> $24.00||Low|
|8/9/2017||Evercore ISI||Reiterated Rating||Outperform||$33.00 -> $29.00||Low|
|5/25/2017||Deutsche Bank AG||Boost Price Target||Hold||$28.00 -> $29.00||Medium|
|12/16/2016||J P Morgan Chase & Co||Upgrade||Neutral -> Overweight||$31.00||N/A|
|12/9/2016||Citigroup Inc.||Downgrade||Buy -> Neutral||$32.00||N/A|
|8/25/2016||BTIG Research||Initiated Coverage||Neutral||N/A|
|8/5/2016||Stifel Nicolaus||Boost Price Target||Buy||$28.00 -> $30.00||N/A|
|2/26/2016||SunTrust Banks, Inc.||Lower Price Target||Neutral||$23.00 -> $22.00||N/A|
|9/8/2015||Evercore Partners Inc||Lower Price Target||Hold||$22.00 -> $21.00||N/A|
Earnings History for Mack-Cali Realty Corporation (NYSE:CLI)Earnings History by Quarter for Mack-Cali Realty Corporation (NYSE CLI)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/2/2017||Q2 2017||$0.61||$0.60||$150.94 million||$162.77 million||View||Listen|
|5/9/2017||Q1 2017||$0.57||$0.56||$151.22 million||$149.90 million||View||Listen|
|2/28/2017||Q416||$0.05||$0.17||$150.19 million||$153.73 million||View||Listen|
|10/25/2016||Q316||$0.55||$0.56||$157.45 million||$157.52 million||View||N/A|
|8/2/2016||Q216||$0.53||$0.55||$156.82 million||$149.23 million||View||Listen|
|4/27/2016||Q116||$0.49||$0.49||$150.73 million||$152.92 million||View||Listen|
|2/24/2016||Q4||$0.46||($0.35)||$147.22 million||$146.40 million||View||Listen|
|10/28/2015||Q315||$0.44||($1.42)||$150.24 million||$146.20 million||View||Listen|
|7/22/2015||Q215||$0.43||$0.46||$148.01 million||$148.60 million||View||Listen|
|4/23/2015||Q115||$0.41||$0.43||$149.08 million||$153.70 million||View||Listen|
|2/19/2015||Q414||$0.45||$0.47||$152.60 million||$151.40 million||View||Listen|
|10/23/2014||Q314||$0.47||$0.48||$155.98 million||$141.21 million||View||Listen|
|7/24/2014||Q214||$0.47||$0.50||$156.50 million||$160.30 million||View||Listen|
|4/24/2014||Q114||$0.47||$0.46||$158.66 million||$169.60 million||View||Listen|
|3/3/2014||Q413||$0.52||$0.52||$161.70 million||$165.27 million||View||N/A|
|10/24/2013||Q313||$0.58||$0.57||$176.73 million||$162.51 million||View||Listen|
|7/25/2013||Q213||$0.62||$0.65||$172.21 million||$177.93 million||View||Listen|
|4/25/2013||Q1 2013||$0.64||$0.63||$173.67 million||$181.80 million||View||Listen|
|2/7/2013||Q4 2012||$0.63||$0.66||$178.01 million||$166.17 million||View||Listen|
Earnings Estimates for Mack-Cali Realty Corporation (NYSE:CLI)
2017 EPS Consensus Estimate: $2.22
2018 EPS Consensus Estimate: $2.32
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Mack-Cali Realty Corporation (NYSE:CLI)
|Most Recent Dividend:||7/14/2017|
|Dividend Growth:||-26.30% (3 Year Average)|
|Payout Ratio:||-307.69% (Trailing 12 Months of Earnings) |
35.56% (Based on This Year's Estimates)
34.63% (Based on Next Year's Estimates)
Dividend History by Quarter for Mack-Cali Realty Corporation (NYSE CLI)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Mack-Cali Realty Corporation (NYSE:CLI)
Insider Ownership Percentage: 6.80%Insider Trades by Quarter for Mack-Cali Realty Corporation (NYSE:CLI)
Institutional Ownership Percentage: 98.56%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|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|| |
|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|| |
|3/24/2014||Barry Lefkowitz||CFO||Sell||10,000||$20.67||$206,700.00|| |
|3/21/2014||Barry Lefkowitz||CFO||Sell||9,623||$21.24||$204,392.52|| |
|3/18/2014||Barry Lefkowitz||CFO||Sell||30,000||$21.32||$639,600.00|| |
|8/30/2013||Barry Lefkowitz||CFO||Sell||25,000||$21.67||$541,750.00|| |
|8/28/2013||Mitchell Hersh||CEO||Buy||5,000||$21.67||$108,350.00|| |
|8/13/2013||Roger Thomas||EVP||Sell||46,832||$22.73||$1,064,491.36|| |
|6/7/2013||Vincent Tese||Director||Sell||2,706||$25.69||$69,517.14|| |
Headline Trends for Mack-Cali Realty Corporation (NYSE:CLI)
Latest Headlines for Mack-Cali Realty Corporation (NYSE:CLI)
Mack-Cali Realty Corporation (CLI) Chart for Saturday, August, 19, 2017