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NYSE:CLI

Mack Cali Realty Stock Forecast, Price & News

$13.01
-0.09 (-0.69 %)
(As of 09/22/2020 04:00 PM ET)
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Compare
Today's Range
$12.99
Now: $13.01
$13.50
50-Day Range
$12.41
MA: $13.25
$14.42
52-Week Range
$12.26
Now: $13.01
$23.89
Volume47,516 shs
Average Volume947,464 shs
Market Capitalization$1.18 billion
P/E RatioN/A
Dividend Yield5.88%
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

Industry Real estate investment trusts
Sub-IndustryOffice REITs
SectorFinance
CUSIP55448910
Phone732-590-1010

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$350.93 million
Cash Flow$3.82 per share
Book Value$18.77 per share

Profitability

Net Income$111.86 million

Miscellaneous

Employees352
Market Cap$1.18 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$13.01
-0.09 (-0.69 %)
(As of 09/22/2020 04:00 PM 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 price been impacted by Coronavirus (COVID-19)?

Mack Cali Realty's stock was trading at $17.95 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CLI stock has decreased by 27.5% and is now trading at $13.01.
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 were Mack Cali Realty's earnings last quarter?

Mack Cali Realty Corp (NYSE:CLI) posted its quarterly earnings results on Monday, August, 3rd. The real estate investment trust reported $0.28 earnings per share (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 analyst estimates of $98.91 million. Mack Cali Realty had a negative net margin of 50.48% and a negative return on equity of 4.46%. The firm's quarterly revenue was down 16.2% compared to the same quarter last year. During the same period in the previous year, the company 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 announced a quarterly dividend on Wednesday, July 1st. Investors 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 6.15%. The ex-dividend date is Friday, July 10th.
View Mack Cali Realty's dividend history
.

What price target have analysts set for CLI?

7 equities research analysts have issued twelve-month target prices for Mack Cali Realty's stock. Their forecasts range from $14.00 to $30.00. On average, they anticipate Mack Cali Realty's share price to reach $20.29 in the next year. This suggests a possible upside of 55.9% from the stock's current price.
View analysts' price targets for Mack Cali Realty
.

Are investors shorting Mack Cali Realty?

Mack Cali Realty saw a increase in short interest in the month of August. As of August 14th, there was short interest totaling 6,570,000 shares, an increase of 17.1% from the July 30th total of 5,610,000 shares. Based on an average trading volume of 735,700 shares, the short-interest ratio is currently 8.9 days. Currently, 7.8% of the shares of the stock are sold short.
View Mack Cali Realty's Short Interest
.

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), 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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (13.75%), FMR LLC (7.04%), Madison International Realty Holdings LLC (6.84%), Victory Capital Management Inc. (1.83%), Bank of New York Mellon Corp (1.39%) and Charles Schwab Investment Management Inc. (1.37%).
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 Macquarie Group Ltd., Nuveen Asset Management LLC, Charles Schwab Investment Management Inc., Vanguard Group Inc., Victory Capital Management Inc., SG Americas Securities LLC, Goldman Sachs Group Inc., and First Trust Advisors LP.
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 Canada Pension Plan Investment Board, Madison International Realty Holdings LLC, FMR LLC, Swiss National Bank, Marshall Wace North America L.P., Russell Investments Group Ltd., Handelsbanken Fonder AB, and Jane Street Group LLC.
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 $13.01.

How big of a company is Mack Cali Realty?

Mack Cali Realty has a market capitalization of $1.18 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 9/22/2020 by MarketBeat.com Staff

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