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

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$22.32 -0.12 (-0.53 %)
(As of 05/23/2019 04:00 PM ET)
Previous Close$22.44
Today's Range$22.22 - $22.44
52-Week Range$18.23 - $23.78
Volume333,900 shs
Average Volume420,536 shs
Market Capitalization$2.02 billion
P/E Ratio12.20
Dividend Yield3.57%
Beta1.11
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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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$2.8763 per share
Book Value$21.51 per share

Profitability

Net Income$84.11 million

Miscellaneous

Employees352
Market Cap$2.02 billion
Next Earnings Date8/7/2019 (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 declared a quarterly dividend on Thursday, March 14th. Shareholders of record on Tuesday, April 2nd will be given a dividend of $0.20 per share on Friday, April 12th. This represents a $0.80 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend is Monday, April 1st. View Mack Cali Realty's Dividend History.

How were Mack Cali Realty's earnings last quarter?

Mack Cali Realty Corp (NYSE:CLI) issued its quarterly earnings results on Wednesday, February, 20th. The real estate investment trust reported $0.45 earnings per share for the quarter, hitting the Zacks' consensus estimate of $0.45. The real estate investment trust had revenue of $132.94 million for the quarter, compared to analysts' expectations of $133.43 million. Mack Cali Realty had a net margin of 53.15% and a return on equity of 15.99%. The company's revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.50 EPS. 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, August 7th 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, May, 1st. The company provided EPS guidance of $1.60-1.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.65. Mack Cali Realty also updated its FY 2019 guidance to $1.60-1.70 EPS.

What price target have analysts set for CLI?

7 equities research analysts have issued 12-month target prices for Mack Cali Realty's shares. Their predictions range from $18.00 to $26.00. On average, they expect Mack Cali Realty's stock price to reach $21.7460 in the next year. This suggests that the stock has a possible downside of 2.6%. 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 stories about CLI stock have been trending somewhat negative on Thursday, according to InfoTrie. The research firm scores the sentiment of media coverage by reviewing more than six thousand news and blog 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 sentiment score of -1.7 on InfoTrie's scale. They also assigned news articles about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the next several days.

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 General Electric (GE), Cisco Systems (CSCO), AGNC Investment (AGNC), Ford Motor (F), ANNALY CAP MGMT/SH (NLY), Verizon Communications (VZ), WP Carey (WPC), Kraft Heinz (KHC), Prospect Capital (PSEC) and Uniti Group (UNIT).

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. (14.44%), Morgan Stanley (6.23%), Renaissance Technologies LLC (5.27%), Centersquare Investment Management LLC (3.97%), Centersquare Investment Management LLC (3.90%) and Frontier Capital Management Co. LLC (2.96%). Company insiders that own Mack Cali Realty stock include David J Smetana, Kevin Loiselle, Michael J Demarco, Nathan Gantcher and Robert Andrew Marshall. View Institutional Ownership Trends for Mack Cali Realty.

Which major investors are selling Mack Cali Realty stock?

CLI stock was sold by a variety of institutional investors in the last quarter, including LSV Asset Management, Centersquare Investment Management LLC, Centersquare Investment Management LLC, Macquarie Group Ltd., Morgan Stanley, BlackRock Inc., Victory Capital Management Inc. and California Public Employees Retirement System. View Insider Buying and Selling for Mack Cali Realty.

Which major investors are buying Mack Cali Realty stock?

CLI stock was bought by a variety of institutional investors in the last quarter, including Long Pond Capital LP, Renaissance Technologies LLC, Geode Capital Management LLC, JPMorgan Chase & Co., Goldman Sachs Group Inc., Cbre Clarion Securities LLC, BNP Paribas Arbitrage SA and Charles Schwab Investment Management Inc.. Company insiders that have bought Mack Cali Realty stock in the last two years include David J Smetana, Kevin Loiselle, 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 $22.32.

How big of a company is Mack Cali Realty?

Mack Cali Realty has a market capitalization of $2.02 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.

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:  232 (Vote Outperform)
Underperform Votes:  338 (Vote Underperform)
Total Votes:  570
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 5/23/2019 by MarketBeat.com Staff

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