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About Mack-Cali Realty (NYSE:CLI)
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. For more information on Mack-Cali Realty Corporation and its properties, visit www.mack-cali.com.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryOffice REITs
SectorFinance
SymbolNYSE:CLI
CUSIP55448910
Phone732-590-1010
Debt
Debt-to-Equity Ratio1.54
Current Ratio0.78
Quick Ratio0.78
Price-To-Earnings
Trailing P/E Ratio8.24
Forward P/E Ratio9.96
P/E GrowthN/A
Sales & Book Value
Annual Sales$616.20 million
Price / Sales2.69
Cash Flow$2.5980 per share
Price / Cash7.09
Book Value$18.87 per share
Price / Book0.98
Profitability
EPS (Most Recent Fiscal Year)$2.23
Net Income$23.18 million
Net Margins7.66%
Return on Equity2.76%
Return on Assets0.93%
Miscellaneous
Employees439
Outstanding Shares90,140,000
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 Wednesday, March 14th. Shareholders of record on Tuesday, April 3rd will be paid a dividend of $0.20 per share on Friday, April 13th. This represents a $0.80 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date is Monday, April 2nd. View Mack-Cali Realty's Dividend History.
How were Mack-Cali Realty's earnings last quarter?
Mack-Cali Realty Co. (NYSE:CLI) released its quarterly earnings data on Wednesday, May, 2nd. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.46 by $0.01. The real estate investment trust had revenue of $138.97 million for the quarter, compared to analysts' expectations of $134.47 million. Mack-Cali Realty had a return on equity of 2.76% and a net margin of 7.66%. Mack-Cali Realty's revenue was down 7.3% compared to the same quarter last year. During the same period last year, the business posted $0.56 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 updated its FY18 earnings guidance on Wednesday, May, 2nd. The company provided earnings per share (EPS) guidance of $1.80-1.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.83.
What price target have analysts set for CLI?
6 analysts have issued 1 year target prices for Mack-Cali Realty's shares. Their predictions range from $18.00 to $30.00. On average, they anticipate Mack-Cali Realty's share price to reach $25.8333 in the next twelve months. View Analyst Ratings for Mack-Cali Realty.
Who are some of Mack-Cali Realty's key competitors?
Some companies that are related to Mack-Cali Realty include Kimco Realty (KIM), Douglas Emmett (DEI), Liberty Property Trust (LPT), Apartment Investment and Management (AIV), National Retail Properties (NNN), DCT Industrial Trust (DCT), New Residential Inv (NRZ), RioCan Real Estate Investment Trust (RIOCF), Omega Healthcare Investors (OHI), American Homes 4 Rent (AMH), Starwood Property Trust (STWD), Hammerson (HMSNF), Howard Hughes (HHC), CubeSmart (CUBE) and CyrusOne (CONE).
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 58)
- Mr. Mitchell E. Rudin J.D., Vice Chairman (Age 65)
- Mr. Robert Andrew Marshall, Pres & Exec. VP of Roseland (Age 47)
- David J. Smetana, Chief Financial Officer
- Mr. Ricardo Cardoso, Chief Investment Officer and Exec. VP (Age 46)
Has Mack-Cali Realty been receiving favorable news coverage?
News headlines about CLI stock have trended very positive on Friday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Mack-Cali Realty earned a news impact score of 0.65 on Accern's scale. They also assigned headlines about the real estate investment trust an impact score of 46.69 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term.
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 investors include BlackRock Inc. (13.53%), Centersquare Investment Management LLC (6.40%), LSV Asset Management (4.03%), Northern Trust Corp (2.94%), Frontier Capital Management Co. LLC (2.55%) and Victory Capital Management Inc. (1.74%). Company insiders that own Mack-Cali Realty stock include Alan G Philibosian, David J Smetana and Kevin Loiselle. 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 Nuveen Asset Management LLC, Sei Investments Co., JPMorgan Chase & Co., LSV Asset Management, Guggenheim Capital LLC, California Public Employees Retirement System, ClariVest Asset Management LLC and Equity Investment Corp. View Insider Buying and Selling for Mack-Cali Realty.
Which major investors are buying Mack-Cali Realty stock?
CLI stock was purchased by a variety of institutional investors in the last quarter, including Centersquare Investment Management LLC, Citadel Advisors LLC, Russell Investments Group Ltd., Millennium Management LLC, BlackRock Inc., Frontier Capital Management Co. LLC, Schwab Charles Investment Management Inc. and Teachers Insurance & Annuity Association of America. Company insiders that have bought Mack-Cali Realty stock in the last two years include David J Smetana and Kevin Loiselle. 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 $18.42.
How big of a company is Mack-Cali Realty?
Mack-Cali Realty has a market capitalization of $1.66 billion and generates $616.20 million in revenue each year. The real estate investment trust earns $23.18 million in net income (profit) each year or $2.23 on an earnings per share basis. Mack-Cali Realty employs 439 workers across the globe.
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 (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.
Mack-Cali Realty (NYSE:CLI) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
6 Wall Street analysts have issued ratings and price targets for Mack-Cali Realty in the last 12 months. Their average twelve-month price target is $25.8333, suggesting that the stock has a possible upside of 40.25%. The high price target for CLI is $30.00 and the low price target for CLI is $18.00. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.17 | 2.17 | 2.00 | 2.14 |
| Ratings Breakdown: | 1 Sell Rating(s)
3 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
3 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
2 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
2 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $25.8333 | $25.8333 | $27.1667 | $28.4286 |
| Price Target Upside: | 40.25% upside | 51.78% upside | 34.49% upside | 25.73% upside |
Mack-Cali Realty (NYSE:CLI) Consensus Price Target History
Mack-Cali Realty (NYSE:CLI) Analyst Ratings History
Show:
(Data available from 5/25/2016 forward)
Mack-Cali Realty (NYSE:CLI) Dividend Information
Mack-Cali Realty pays an annual dividend of $0.80 per share, with a dividend yield of 4.34%. CLI's most recent quarterly dividend payment was Friday, April 13. The company has grown its dividend for the last 2 consecutive years and is increasing its dividend by an average of -8.00% each year. Mack-Cali Realty pays out 35.87% of its earnings out as a dividend.
| Most Recent Dividend: | 4/13/2018 |
| Annual Dividend: | $0.80 |
| Dividend Yield: | 4.34% |
| Dividend Growth: | -8.00% (3 Year Average) |
| Payout Ratio(s): | 35.87% (Trailing 12 Months of Earnings)
43.24% (Based on This Year's Estimates)
41.03% (Based on Next Year's Estimates)
30.79% (Based on Cash Flow)
|
| Track Record: | 2 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Mack-Cali Realty (NYSE:CLI) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/14/2018 | quarterly | $0.20 | 4.5766590389016% | 4/2/2018 | 4/3/2018 | 4/13/2018 |
| 12/12/2017 | quarterly | $0.20 | 3.71% | 1/2/2018 | 1/3/2018 | 1/12/2018 |
| 9/14/2017 | quarterly | $0.20 | 3.44% | 10/2/2017 | 10/3/2017 | 10/13/2017 |
| 6/12/2017 | quarterly | $0.20 | | 7/3/2017 | 7/6/2017 | 7/14/2017 |
| 3/14/2017 | quarterly | $0.15 | 2.2% | 4/3/2017 | 4/5/2017 | 4/13/2017 |
| 12/14/2016 | quarterly | $0.15 | 2.15% | 1/3/2017 | 1/5/2017 | 1/13/2017 |
| 9/27/2016 | quarterly | $0.15 | 2.14% | 10/3/2016 | 10/5/2016 | 10/14/2016 |
| 6/1/2016 | quarterly | $0.15 | 2.27% | 7/1/2016 | 7/6/2016 | 7/15/2016 |
| 3/8/2016 | quarterly | $0.15 | 2.81% | 4/1/2016 | 4/5/2016 | 4/15/2016 |
| 12/8/2015 | quarterly | $0.15 | 2.66% | 1/4/2016 | 1/6/2016 | 1/15/2016 |
| 9/22/2015 | quarterly | $0.15 | 3.03% | 10/2/2015 | 10/5/2015 | 10/15/2015 |
| 5/11/2015 | quarterly | $0.15 | 3.38% | 7/1/2015 | 7/6/2015 | 7/14/2015 |
| 3/10/2015 | quarterly | $0.15 | 3.24% | 4/1/2015 | 4/6/2015 | 4/14/2015 |
| 12/9/2014 | quarterly | $0.15 | 3.17% | 1/2/2015 | 1/6/2015 | 1/14/2015 |
| 9/11/2014 | quarterly | $0.15 | 2.98% | 10/1/2014 | 10/3/2014 | 10/10/2014 |
| 5/30/2014 | quarterly | $0.15 | 2.72% | 7/1/2014 | 7/3/2014 | 7/11/2014 |
| 3/11/2014 | quarterly | $0.30 | 5.61% | 4/1/2014 | 4/3/2014 | 4/11/2014 |
| 12/10/2013 | quarterly | $0.30 | 5.72% | 1/2/2014 | 1/6/2014 | 1/15/2014 |
| 9/12/2013 | quarterly | $0.30 | 5.67% | 10/1/2013 | 10/3/2013 | 10/11/2013 |
| 5/15/2013 | quarterly | $0.30 | 4.31% | 7/1/2013 | 7/3/2013 | 7/12/2013 |
| 3/12/2013 | quarterly | $0.45 | 6.27% | 4/1/2013 | 4/3/2013 | 4/12/2013 |
(Data available from 1/1/2013 forward)
Mack-Cali Realty (NYSE CLI) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 6.80%
Institutional Ownership Percentage: 97.41%
Mack-Cali Realty (NYSE CLI) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/6/2018 | David J Smetana | CFO | Buy | 5,800 | $16.86 | $97,788.00 | 5,800 |  |
| 6/23/2017 | Kevin Loiselle | Insider | Buy | 100,000 | $0.08 | $8,000.00 | | |
| 3/17/2017 | Alan G. Philibosian | Director | Sell | 15,000 | $27.22 | $408,300.00 | | |
| 3/2/2016 | Jonathan Litt | Director | Buy | 48,400 | $20.75 | $1,004,300.00 | | |
| 2/4/2016 | Ricardo Cardoso | EVP | Buy | 23,000 | $19.54 | $449,420.00 | 35,000 | |
| 12/30/2015 | Roderick M Bryden | Director | Buy | 3,000 | $0.28 | $840.00 | | |
| 9/29/2015 | Jonathan Litt | Director | Buy | 130,500 | $19.08 | $2,489,940.00 | | |
| 9/16/2015 | Jonathan Litt | Director | Buy | 210,000 | $19.95 | $4,189,500.00 | | |
| 11/19/2014 | Jonathan Litt | Director | Buy | 187,400 | $19.15 | $3,588,710.00 | | |
| 10/29/2014 | Jonathan Litt | Director | Sell | 187,400 | $18.52 | $3,470,648.00 | | |
| 7/7/2014 | Irvin D Reid | Director | Sell | 20,000 | $21.10 | $422,000.00 | | |
| 3/31/2014 | Barry Lefkowitz | CFO | Sell | 15,000 | $20.96 | $314,400.00 | 194,524 | |
| 3/24/2014 | Barry Lefkowitz | CFO | Sell | 10,000 | $20.67 | $206,700.00 | 226,393 | |
| 3/21/2014 | Barry Lefkowitz | CFO | Sell | 9,623 | $21.24 | $204,392.52 | 236,393 | |
| 3/18/2014 | Barry Lefkowitz | CFO | Sell | 30,000 | $21.32 | $639,600.00 | 246,016 | |
| 8/30/2013 | Barry Lefkowitz | CFO | Sell | 25,000 | $21.67 | $541,750.00 | 268,981 | |
| 8/28/2013 | Mitchell Hersh | CEO | Buy | 5,000 | $21.67 | $108,350.00 | 669,639 | |
| 8/13/2013 | Roger Thomas | EVP | Sell | 46,832 | $22.73 | $1,064,491.36 | 143,624 | |
| 6/7/2013 | Vincent Tese | Director | Sell | 2,706 | $25.69 | $69,517.14 | | |
(Data available from 1/1/2013 forward)
Mack-Cali Realty (NYSE CLI) News Headlines
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Mack-Cali Realty (NYSE:CLI) SEC Filings
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Mack-Cali Realty (NYSE:CLI) Income Statement, Balance Sheet and Cash Flow Statement
Mack-Cali Realty (NYSE CLI) Stock Chart for Friday, May, 25, 2018
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