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NYSE:CLI

Mack Cali Realty Stock Forecast, Price & News

$12.23
-0.03 (-0.24 %)
(As of 10/23/2020 12:00 AM ET)
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Today's Range
$12.10
Now: $12.23▼
$12.49
50-Day Range
$11.64
MA: $12.91▼
$14.42
52-Week Range
$11.52
Now: $12.23▼
$23.89
Volume260,718 shs
Average Volume924,839 shs
Market Capitalization$1.11 billion
P/E RatioN/A
Dividend Yield6.53%
Beta1.01
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.
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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™

1.86 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryOffice REITs
SectorFinance
Current SymbolNYSE:CLI
Previous Symbol
CUSIP55448910
CIK924901
Webwww.mack-cali.com
Phone732-590-1010
Employees352

Debt

Debt-to-Equity Ratio1.88
Current Ratio0.64
Quick Ratio0.64

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E Ratio10.28
P/E GrowthN/A

Sales & Book Value

Annual Sales$350.93 million
Price / Sales3.16
Cash Flow$4.19 per share
Price / Cash Flow2.92
Book Value$18.77 per share
Price / Book0.65

Profitability

EPS (Most Recent Fiscal Year)$1.62
Net Income$111.86 million
Net Margins-50.48%
Return on Equity-4.46%
Return on Assets-1.38%

Miscellaneous

Outstanding Shares90,712,000
Market Cap$1.11 billion
Next Earnings Date11/4/2020 (Confirmed)
OptionableOptionable
$12.23
-0.03 (-0.24 %)
(As of 10/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CLI shares have decreased by 31.9% and is now trading at $12.23.
View which stocks have been most impacted by COVID-19.

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, 4 hold ratings and 2 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, November 4th 2020.
View our earnings forecast for Mack Cali Realty.

How can I listen to Mack Cali Realty's earnings call?

Mack Cali Realty will be holding an earnings conference call on Wednesday, November 4th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Mack Cali Realty's earnings last quarter?

Mack Cali Realty Corp (NYSE:CLI) announced its quarterly earnings data on Monday, August, 3rd. The real estate investment trust reported $0.28 EPS for the quarter, missing the consensus estimate of $0.31 by $0.03. The real estate investment trust had revenue of $72.60 million for the quarter, compared to analysts' expectations of $98.91 million. Mack Cali Realty had a negative return on equity of 4.46% and a negative net margin of 50.48%. The company's revenue for the quarter was down 16.2% compared to the same quarter last year. During the same period last year, the firm posted $0.40 earnings per share.
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 declared a quarterly dividend on Wednesday, July 1st. Shareholders of record on Monday, July 13th will be given a dividend of $0.20 per share on Friday, July 24th. This represents a $0.80 annualized dividend and a dividend yield of 6.54%. The ex-dividend date is Friday, July 10th.
View Mack Cali Realty's dividend history.

What price target have analysts set for CLI?

7 brokers have issued 12-month target prices for Mack Cali Realty's shares. Their forecasts range from $14.00 to $30.00. On average, they expect Mack Cali Realty's share price to reach $20.29 in the next twelve months. This suggests a possible upside of 65.9% from the stock's current price.
View analysts' price targets for Mack Cali Realty.

Who are some of Mack Cali Realty's key competitors?

Some companies that are related to Mack Cali Realty include DIGITAL RLTY TR/SH (DLR), Alexandria Real Estate Equities (ARE), Boston Properties (BXP), CyrusOne (CONE), Kilroy Realty (KRC), CoreSite Realty (COR), Douglas Emmett (DEI), Highwoods Properties (HIW), SL Green Realty (SLG), Equity Commonwealth (EQC), Hudson Pacific Properties (HPP), Corporate Office Properties Trust (OFC), Brandywine Realty Trust (BDN), Piedmont Office Realty Trust (PDM) and Franklin Street Properties (FSP).
View all 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 General Electric (GE), Ford Motor (F), Brandywine Realty Trust (BDN), Bristol-Myers Squibb (BMY), Cleveland-Cliffs (CLF), Cisco Systems (CSCO), Corning (GLW), Newell Brands (NWL), Uniti Group (UNIT) and Bank of America (BAC).

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 many different retail and institutional investors. Top institutional shareholders include Dalton Greiner Hartman Maher & Co. (0.57%), State of Alaska Department of Revenue (0.12%), Nisa Investment Advisors LLC (0.05%), Louisiana State Employees Retirement System (0.04%) and Ridgewood Investments LLC (0.02%).
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 Dalton Greiner Hartman Maher & Co., Nisa Investment Advisors LLC, and Ridgewood Investments LLC.
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 State of Alaska Department of Revenue, and Louisiana State Employees Retirement System.
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 $12.23.

How big of a company is Mack Cali Realty?

Mack Cali Realty has a market capitalization of $1.11 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 10/24/2020 by MarketBeat.com Staff
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