Mack-Cali Realty Corp. (NYSE:CLI) Receives Average Rating of “Hold” from Analysts

Shares of Mack-Cali Realty Corp. (NYSE:CLI) have been given an average rating of “Hold” by the nine research firms that are presently covering the firm. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $27.79.

Several research analysts have issued reports on the stock. Barclays PLC increased their target price on shares of Mack-Cali Realty Corp. from $26.00 to $28.00 and gave the stock an “underweight” rating in a report on Tuesday, July 19th. BTIG Research assumed coverage on shares of Mack-Cali Realty Corp. in a report on Thursday, August 25th. They set a “neutral” rating on the stock. Zacks Investment Research cut shares of Mack-Cali Realty Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, August 9th. Citigroup Inc. increased their target price on shares of Mack-Cali Realty Corp. from $29.50 to $31.50 and gave the stock a “buy” rating in a report on Thursday, July 7th. Finally, Stifel Nicolaus increased their target price on shares of Mack-Cali Realty Corp. from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, August 5th.

Mack-Cali Realty Corp. (NYSE:CLI) traded down 0.45% on Tuesday, hitting $26.81. 131,901 shares of the stock traded hands. Mack-Cali Realty Corp. has a 12 month low of $17.35 and a 12 month high of $29.25. The company’s market capitalization is $2.40 billion. The firm has a 50-day moving average price of $27.60 and a 200-day moving average price of $25.98.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/mack-cali-realty-corp-nysecli-receives-average-rating-of-hold-from-analysts.html

Mack-Cali Realty Corp. (NYSE:CLI) last issued its earnings results on Tuesday, August 2nd. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.02. Mack-Cali Realty Corp. had a negative net margin of 8.07% and a negative return on equity of 2.79%. The company had revenue of $149.23 million for the quarter, compared to analysts’ expectations of $156.82 million. During the same period in the prior year, the business earned $0.46 EPS. Analysts forecast that Mack-Cali Realty Corp. will post $2.11 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Mack-Cali Realty Corp. by 3.5% in the second quarter. Vanguard Group Inc. now owns 14,237,774 shares of the real estate investment trust’s stock valued at $384,420,000 after buying an additional 477,811 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of Mack-Cali Realty Corp. by 3.2% in the second quarter. BlackRock Fund Advisors now owns 4,900,620 shares of the real estate investment trust’s stock valued at $132,317,000 after buying an additional 150,010 shares during the last quarter. State Street Corp raised its position in shares of Mack-Cali Realty Corp. by 0.5% in the second quarter. State Street Corp now owns 4,093,341 shares of the real estate investment trust’s stock valued at $110,525,000 after buying an additional 22,374 shares during the last quarter. LSV Asset Management raised its position in shares of Mack-Cali Realty Corp. by 90.6% in the second quarter. LSV Asset Management now owns 4,036,894 shares of the real estate investment trust’s stock valued at $108,996,000 after buying an additional 1,918,895 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Mack-Cali Realty Corp. by 1.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,714,455 shares of the real estate investment trust’s stock valued at $100,290,000 after buying an additional 46,853 shares during the last quarter.

About Mack-Cali Realty Corp.

Mack-Cali Realty Corporation is a self-administered and self-managed real estate investment trust (REIT). The Company owns and operates a real estate portfolio of Class A office and office/flex properties located primarily in the Northeast. The Company’s segments include commercial and other real estate, multi-family real estate, multi-family services, and corporate & other.

5 Day Chart for NYSE:CLI

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Mack-Cali Realty Corp. (NYSE:CLI) Receives Average Rating of “Hold” from Analysts

Shares of Mack-Cali Realty Corp. (NYSE:CLI) have been given an average rating of “Hold” by the nine research firms that are presently covering the firm. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $27.79.

Several research analysts have issued reports on the stock. Barclays PLC increased their target price on shares of Mack-Cali Realty Corp. from $26.00 to $28.00 and gave the stock an “underweight” rating in a report on Tuesday, July 19th. BTIG Research assumed coverage on shares of Mack-Cali Realty Corp. in a report on Thursday, August 25th. They set a “neutral” rating on the stock. Zacks Investment Research cut shares of Mack-Cali Realty Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, August 9th. Citigroup Inc. increased their target price on shares of Mack-Cali Realty Corp. from $29.50 to $31.50 and gave the stock a “buy” rating in a report on Thursday, July 7th. Finally, Stifel Nicolaus increased their target price on shares of Mack-Cali Realty Corp. from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, August 5th.

Mack-Cali Realty Corp. (NYSE:CLI) traded down 0.45% on Tuesday, hitting $26.81. 131,901 shares of the stock traded hands. Mack-Cali Realty Corp. has a 12 month low of $17.35 and a 12 month high of $29.25. The company’s market capitalization is $2.40 billion. The firm has a 50-day moving average price of $27.60 and a 200-day moving average price of $25.98.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/mack-cali-realty-corp-nysecli-receives-average-rating-of-hold-from-analysts.html

Mack-Cali Realty Corp. (NYSE:CLI) last issued its earnings results on Tuesday, August 2nd. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.02. Mack-Cali Realty Corp. had a negative net margin of 8.07% and a negative return on equity of 2.79%. The company had revenue of $149.23 million for the quarter, compared to analysts’ expectations of $156.82 million. During the same period in the prior year, the business earned $0.46 EPS. Analysts forecast that Mack-Cali Realty Corp. will post $2.11 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Mack-Cali Realty Corp. by 3.5% in the second quarter. Vanguard Group Inc. now owns 14,237,774 shares of the real estate investment trust’s stock valued at $384,420,000 after buying an additional 477,811 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of Mack-Cali Realty Corp. by 3.2% in the second quarter. BlackRock Fund Advisors now owns 4,900,620 shares of the real estate investment trust’s stock valued at $132,317,000 after buying an additional 150,010 shares during the last quarter. State Street Corp raised its position in shares of Mack-Cali Realty Corp. by 0.5% in the second quarter. State Street Corp now owns 4,093,341 shares of the real estate investment trust’s stock valued at $110,525,000 after buying an additional 22,374 shares during the last quarter. LSV Asset Management raised its position in shares of Mack-Cali Realty Corp. by 90.6% in the second quarter. LSV Asset Management now owns 4,036,894 shares of the real estate investment trust’s stock valued at $108,996,000 after buying an additional 1,918,895 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Mack-Cali Realty Corp. by 1.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,714,455 shares of the real estate investment trust’s stock valued at $100,290,000 after buying an additional 46,853 shares during the last quarter.

About Mack-Cali Realty Corp.

Mack-Cali Realty Corporation is a self-administered and self-managed real estate investment trust (REIT). The Company owns and operates a real estate portfolio of Class A office and office/flex properties located primarily in the Northeast. The Company’s segments include commercial and other real estate, multi-family real estate, multi-family services, and corporate & other.

5 Day Chart for NYSE:CLI

Receive News & Ratings for Mack-Cali Realty Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mack-Cali Realty Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

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