NYSE:CLIMack Cali Realty Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Mack Cali Realty Corp Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $15.21 -0.47 (-3.00 %) (As of 05/29/2020 04:00 PM ET) Add Compare Share Today's Range$14.99Now: $15.21▼$15.5850-Day Range$13.55MA: $15.27▼$17.0552-Week Range$12.90Now: $15.21▼$24.88Volume1.35 million shsAverage Volume767,727 shsMarket Capitalization$1.38 billionP/E RatioN/ADividend Yield5.26%Beta1.2 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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.Read More Beat the Market (BTM) Rank™ 3.1 Analyst's Opinion Consensus RatingMack Cali Realty has received a consensus rating of Hold. The company's average rating score is 2.29, and is based on 3 buy ratings, 3 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $21.71, Mack Cali Realty has a potential upside of 42.8% from its current price of $15.21.Amount of Analyst CoverageMack Cali Realty has only been the subject of 3 research reports in the past 90 days. Previous Next 2.1 Community Rank Outperform VotesMack Cali Realty has received 269 “outperform” votes. (Add your “outperform” vote.)Underperform VotesMack Cali Realty has received 377 “underperform” votes. (Add your “underperform” vote.)Community SentimentMack Cali Realty has received 58.36% “underperform” votes from our community.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. Previous Next 2.5 Dividend Strength Dividend LeadershipMack Cali Realty is a leading dividend payer. It pays a dividend yield of 5.26%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthMack Cali Realty has only been increasing its dividend for 3 years.Dividend CoverageThe dividend payout ratio of Mack Cali Realty is 49.38 %. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on EPS estimates, Mack Cali Realty will have a dividend payout ratio of 76.92 % in the coming year. This indicates that Mack Cali Realty may not be able to sustain their current dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Mack Cali Realty insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 6.83% of the stock of Mack Cali Realty is held by insiders.Percentage Held by Institutions87.78% of the stock of Mack Cali Realty is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Mack Cali Realty are expected to decrease by -16.13% in the coming year, from $1.24 to $1.04 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Mack Cali Realty is -6.95, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Mack Cali Realty is -6.95, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioMack Cali Realty has a PEG Ratio of 2.77. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioMack Cali Realty has a P/B Ratio of 0.84. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next 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™1.87 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 Phone732-590-1010Debt Debt-to-Equity Ratio1.76 Current Ratio0.68 Quick Ratio0.68Price-To-Earnings Trailing P/E RatioN/A Forward P/E Ratio12.27 P/E Growth2.77 Sales & Book Value Annual Sales$350.93 million Price / Sales3.93 Cash Flow$3.98 per share Price / Cash Flow3.82 Book Value$18.02 per share Price / Book0.84Profitability EPS (Most Recent Fiscal Year)$1.62 Net Income$111.86 million Net Margins-40.73% Return on Equity-2.99% Return on Assets-0.97%Miscellaneous Employees352 Outstanding Shares90,600,000Market Cap$1.38 billion Next Earnings Date8/5/2020 (Estimated) OptionableOptionable CLI Rates by TradingView Receive CLI News and Ratings via Email Sign-up to receive the latest news and ratings for CLI and its competitors with MarketBeat's FREE daily newsletter. 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 reached pandemic status according to the World Health Organization. Since then, CLI shares have decreased by 15.3% and is now trading at $15.21. View which stocks have been most impacted by Coronavirus. 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, 3 hold ratings and 3 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, August 5th 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 earnings results on Wednesday, May, 6th. The real estate investment trust reported ($0.47) earnings per share for the quarter, missing the consensus estimate of $0.37 by $0.84. The real estate investment trust earned $82.06 million during the quarter, compared to the consensus estimate of $124.18 million. Mack Cali Realty had a negative return on equity of 2.99% and a negative net margin of 40.73%. During the same period in the previous year, the company earned $0.40 EPS. 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 Monday, March 23rd. Stockholders of record on Thursday, April 2nd will be given a dividend of $0.20 per share on Tuesday, April 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.26%. The ex-dividend date of this dividend is Wednesday, April 1st. View Mack Cali Realty's dividend history. What price target have analysts set for CLI? 7 equities research analysts have issued 12 month price targets for Mack Cali Realty's stock. Their forecasts range from $15.00 to $30.00. On average, they anticipate Mack Cali Realty's stock price to reach $21.71 in the next twelve months. This suggests a possible upside of 42.8% from the stock's current price. View analysts' price targets for Mack Cali Realty. Has Mack Cali Realty been receiving favorable news coverage? News headlines about CLI stock have trended somewhat negative on Sunday, according to InfoTrie. The research group identifies positive and negative press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Mack Cali Realty earned a coverage optimism score of -1.0 on InfoTrie's scale. They also assigned press coverage about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutMack Cali Realty. Are investors shorting Mack Cali Realty? Mack Cali Realty saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 3,630,000 shares, an increase of 19.8% from the April 30th total of 3,030,000 shares. Based on an average daily trading volume, of 1,050,000 shares, the short-interest ratio is currently 3.5 days. Currently, 4.3% of the company's shares are short sold. View Mack Cali Realty's Current Options Chain. 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), Douglas Emmett (DEI), CoreSite Realty (COR), Equity Commonwealth (EQC), Highwoods Properties (HIW), Hudson Pacific Properties (HPP), SL Green Realty (SLG), Corporate Office Properties Trust (OFC), Piedmont Office Realty Trust (PDM), Brandywine Realty Trust (BDN) 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 Ford Motor (F), General Electric (GE), Newell Brands (NWL), Exxon Mobil (XOM), Bristol-Myers Squibb (BMY), Cisco Systems (CSCO), Corning (GLW), Ring Energy (REI), Ring Energy (REI) and AbbVie (ABBV). 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 OfficerMs. 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 investors include BlackRock Inc. (13.78%), Madison International Realty Holdings LLC (6.33%), State Street Corp (5.41%), Citigroup Inc. (2.83%), Victory Capital Management Inc. (2.07%) and Victory Capital Management Inc. (2.07%). Company insiders that own Mack Cali Realty stock include Alan R Batkin, 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 Morgan Stanley, Morgan Stanley, Invesco Ltd., Wells Fargo & Company MN, First Manhattan Co., UBS Group AG, BlackRock Inc., and Principal Financial Group Inc.. View insider buying and selling activity 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 Citigroup Inc., Madison International Realty Holdings LLC, JPMorgan Chase & Co., Northwood Liquid Management LP, Nuveen Asset Management LLC, State Street Corp, Forward Management LLC, and SG Americas Securities LLC. Company insiders that have bought Mack Cali Realty stock in the last two years include Alan R Batkin, Michael J Demarco, and Nathan Gantcher. 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 $15.21. How big of a company is Mack Cali Realty? Mack Cali Realty has a market capitalization of $1.38 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 5/31/2020 by MarketBeat.com Staff
