Mack Cali Realty Corp Rating Reiterated by Zacks (CLI)
Mack Cali Realty Corp (NYSE:CLI)‘s stock had its “neutral” rating restated by Zacks in a research note issued to investors on Tuesday. They currently have a $22.00 price objective on the stock. Zacks‘s price objective would indicate a potential upside of 3.19% from the company’s current price.
Shares of Mack Cali Realty Corp (NYSE:CLI) traded down 1.06% during mid-day trading on Tuesday, hitting $21.095. The stock had a trading volume of 160,656 shares. Mack Cali Realty Corp has a one year low of $19.05 and a one year high of $23.37. The stock’s 50-day moving average is $21.30 and its 200-day moving average is $21.14. The company’s market cap is $1.877 billion.
Mack Cali Realty Corp (NYSE:CLI) last announced its earnings results on Thursday, July 24th. The company reported $0.50 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.47 by $0.03. The company had revenue of $160.30 million for the quarter, compared to the consensus estimate of $156.50 million. During the same quarter last year, the company posted $0.65 earnings per share. Mack Cali Realty Corp’s revenue was down 4.8% compared to the same quarter last year. Analysts expect that Mack Cali Realty Corp will post $1.70 EPS for the current fiscal year.
Mack-Cali Realty Corporation is a self-administered and self-managed real estate investment trust (NYSE:CLI), which owns and operates a real estate portfolios consisted of Class A office and office/flex properties located in the Northeast.
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