Mack-Cali Realty Stock Forecast, Price & News

Mack-Cali Realty's stock was trading at $17.95 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CLI stock has decreased by 21.5% and is now trading at $14.09.
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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 or view MarketBeat's top 5 stock picks.

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Mack-Cali Realty is scheduled to release its next quarterly earnings announcement on Wednesday, February 24th 2021.
View our earnings forecast for Mack-Cali Realty.

Mack-Cali Realty Co. (NYSE:CLI) released its quarterly earnings results on Wednesday, November, 4th. The real estate investment trust reported ($0.84) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.29 by $1.13. The real estate investment trust had revenue of $77.65 million for the quarter, compared to analysts' expectations of $96.50 million. Mack-Cali Realty had a negative net margin of 53.81% and a negative return on equity of 5.80%. The company's quarterly revenue was down 11.1% on a year-over-year basis. During the same period last year, the business posted $0.38 EPS.
View Mack-Cali Realty's earnings history.

Mack-Cali Realty declared a quarterly dividend on Wednesday, July 1st. Stockholders of record on Monday, July 13th will be paid a dividend of $0.20 per share on Friday, July 24th. This represents a $0.80 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date of this dividend is Friday, July 10th.
View Mack-Cali Realty's dividend history.

7 Wall Street analysts have issued twelve-month price objectives 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 44.0% from the stock's current price.
View analysts' price targets for Mack-Cali Realty.

Some companies that are related to Mack-Cali Realty include Digital Realty Trust (DLR), Alexandria Real Estate Equities (ARE), Boston Properties (BXP), CyrusOne (CONE), Kilroy Realty (KRC), Douglas Emmett (DEI), CoreSite Realty (COR), SL Green Realty (SLG), Highwoods Properties (HIW), Hudson Pacific Properties (HPP), Equity Commonwealth (EQC), Corporate Office Properties Trust (OFC), Piedmont Office Realty Trust (PDM), Brandywine Realty Trust (BDN) and Franklin Street Properties (FSP).
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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).

Mack-Cali Realty trades on the New York Stock Exchange (NYSE) under the ticker symbol "CLI."

Mack-Cali Realty's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (16.31%), State Street Corp (4.84%), Morgan Stanley (3.21%), Victory Capital Management Inc. (1.83%), Charles Schwab Investment Management Inc. (1.31%) and JPMorgan Chase & Co. (0.90%).
View institutional ownership trends for Mack-Cali Realty.

CLI stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, Dalton Greiner Hartman Maher & Co., American International Group Inc., Congress Asset Management Co. MA, The Manufacturers Life Insurance Company , Great West Life Assurance Co. Can, Charles Schwab Investment Management Inc., and JPMorgan Chase & Co..
View insider buying and selling activity for Mack-Cali Realty.

CLI stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Morgan Stanley, Principal Financial Group Inc., Public Sector Pension Investment Board, Cubist Systematic Strategies LLC, Jane Street Group LLC, State of Alaska Department of Revenue, and AQR Capital Management LLC.
View insider buying and selling activity for 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.

One share of CLI stock can currently be purchased for approximately $14.09.

Mack-Cali Realty has a market capitalization of $1.28 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 283 workers across the globe.

The official website for Mack-Cali Realty is www.mack-cali.com.

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]