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NYSE:CLIMack Cali Realty Stock Price, Forecast & News

$14.37
-0.21 (-1.44 %)
(As of 05/22/2020 04:00 PM ET)
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Today's Range
$14.04
Now: $14.37
$14.71
50-Day Range
$13.55
MA: $15.21
$17.05
52-Week Range
$12.90
Now: $14.37
$24.88
Volume392,880 shs
Average Volume757,107 shs
Market Capitalization$1.30 billion
P/E RatioN/A
Dividend Yield5.57%
Beta1.2
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

1.87 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$3.98 per share
Book Value$18.02 per share

Profitability

Net Income$111.86 million

Miscellaneous

Employees352
Market Cap$1.30 billion
Next Earnings Date8/5/2020 (Estimated)
OptionableOptionable

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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 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CLI stock has decreased by 19.9% and is now trading at $14.37. 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) issued its quarterly earnings results on Wednesday, May, 6th. The real estate investment trust reported ($0.47) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.37 by $0.84. The real estate investment trust had revenue of $82.06 million for 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 quarter in the previous year, the business 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 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 annualized dividend and a yield of 5.57%. The ex-dividend date is Wednesday, April 1st. View Mack Cali Realty's dividend history.

What guidance has Mack Cali Realty issued on next quarter's earnings?

Mack Cali Realty updated its FY20 earnings guidance on Wednesday, February, 26th. The company provided earnings per share guidance of $1.24-1.36 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.44.

What price target have analysts set for CLI?

7 brokers have issued twelve-month target prices for Mack Cali Realty's stock. Their forecasts range from $15.00 to $30.00. On average, they anticipate Mack Cali Realty's share price to reach $21.71 in the next twelve months. This suggests a possible upside of 51.1% 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 extremely negative on Monday, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of news 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 nearest to five being the most favorable. Mack Cali Realty earned a coverage optimism score of -4.5 on InfoTrie's scale. They also assigned news coverage about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the near term. 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 volume of 1,050,000 shares, the days-to-cover ratio is presently 3.5 days. Approximately 4.3% of the shares of the stock are short sold. View Mack Cali Realty's Current Options Chain.

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 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 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 a number of institutional and retail 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, Invesco Ltd., Wells Fargo & Company MN, First Manhattan Co., UBS Group AG, BlackRock Inc., Principal Financial Group Inc., and Parametric Portfolio Associates LLC. 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 $14.37.

How big of a company is Mack Cali Realty?

Mack Cali Realty has a market capitalization of $1.30 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 5/25/2020 by MarketBeat.com Staff

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