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.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryOffice REITs
SectorFinance
Phone732-590-1010
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$530.61 million
Profitability
Miscellaneous
Employees352
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 announced a quarterly dividend on Thursday, March 14th. Shareholders of record on Tuesday, April 2nd will be paid a dividend of $0.20 per share on Friday, April 12th. This represents a $0.80 annualized dividend and a yield of 3.49%. 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) released its earnings results on Wednesday, February, 20th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.45. The real estate investment trust earned $132.94 million during the quarter, compared to the consensus estimate of $133.43 million. Mack Cali Realty had a net margin of 53.15% and a return on equity of 15.99%. The business's revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.50 EPS. View Mack Cali Realty's Earnings History.
When is Mack Cali Realty's next earnings date?
What guidance has Mack Cali Realty issued on next quarter's earnings?
Mack Cali Realty issued an update on its FY19 earnings guidance on Wednesday, May, 1st. The company provided earnings per share guidance of $1.60-1.70 for the period, compared to the Thomson Reuters consensus earnings per share 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 twelve-month price targets for Mack Cali Realty's stock. Their forecasts range from $18.00 to $26.00. On average, they expect Mack Cali Realty's share price to reach $21.7460 in the next year. This suggests that the stock has a possible downside of 5.1%. 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?
Headlines about CLI stock have trended somewhat positive this week, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Mack Cali Realty earned a coverage optimism score of 1.9 on InfoTrie's scale. They also assigned media coverage about the real estate investment trust a news buzz of 4.0 out of 10, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
Who are some of Mack Cali Realty's key competitors?
Some companies that are related to Mack Cali Realty include Lamar Advertising (LAMR), Kilroy Realty (KRC), Omega Healthcare Investors (OHI), Store Capital (STOR), Kimco Realty (KIM), Apartment Investment and Management (AIV), SL Green Realty (SLG), CyrusOne (CONE), American Homes 4 Rent (AMH), Medical Properties Trust (MPW), Liberty Property Trust (LPT), Douglas Emmett (DEI), New Residential Investment (NRZ), American Campus Communities (ACC) and Starwood Property Trust (STWD).
What other stocks do shareholders of Mack Cali Realty own?
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 number of of institutional and retail investors. Top institutional shareholders 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 institutional 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 institutional investors are buying Mack Cali Realty stock?
CLI stock was purchased 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 $22.91.
How big of a company is Mack Cali Realty?
Mack Cali Realty has a market capitalization of $2.07 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?
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)
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.
