Mack-Cali Realty Corporation (CLI) Receiving Somewhat Favorable News Coverage, Analysis Finds
Headlines about Mack-Cali Realty Corporation (NYSE:CLI) have trended somewhat positive on Thursday, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mack-Cali Realty Corporation earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 45.9423403253501 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern’s scoring:
- Comparing Mack-Cali Realty Corporation (CLI) and Its Rivals (americanbankingnews.com)
- Head-To-Head Survey: Mack-Cali Realty Corporation (CLI) versus Its Rivals (americanbankingnews.com)
- Mack-Cali Realty Corporation (CLI) Ex-Dividend Date Scheduled for October 02, 2017 – Nasdaq (nasdaq.com)
- Mack-Cali Realty Corporation (CLI) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
- New commuter ferry to Midtown Manhattan opening at Jersey City waterfront (rew-online.com)
Shares of Mack-Cali Realty Corporation (NYSE CLI) traded up 0.93% during midday trading on Thursday, reaching $23.91. 66,032 shares of the company were exchanged. The company’s 50-day moving average price is $23.42 and its 200 day moving average price is $26.03. Mack-Cali Realty Corporation has a 52-week low of $22.70 and a 52-week high of $29.70. The stock’s market capitalization is $2.15 billion.
Mack-Cali Realty Corporation (NYSE:CLI) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.01). The firm had revenue of $162.77 million for the quarter, compared to analyst estimates of $150.94 million. Mack-Cali Realty Corporation had a negative net margin of 3.31% and a negative return on equity of 1.21%. During the same period in the previous year, the firm earned $0.55 earnings per share. On average, equities analysts predict that Mack-Cali Realty Corporation will post ($0.11) earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Tuesday, October 3rd will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date is Monday, October 2nd. Mack-Cali Realty Corporation’s payout ratio is -307.69%.
CLI has been the subject of several recent research reports. BidaskClub upgraded shares of Mack-Cali Realty Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 17th. Barclays PLC decreased their target price on shares of Mack-Cali Realty Corporation from $29.00 to $28.00 and set an “underweight” rating for the company in a research note on Tuesday, July 18th. Evercore ISI reiterated an “outperform” rating and set a $29.00 target price (down previously from $33.00) on shares of Mack-Cali Realty Corporation in a research note on Wednesday, August 9th. ValuEngine downgraded shares of Mack-Cali Realty Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, SunTrust Banks, Inc. upgraded shares of Mack-Cali Realty Corporation from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Tuesday, September 5th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $28.43.
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About Mack-Cali Realty Corporation
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. It operates in three segments: commercial and other real estate, multi-family real estate and multi-family services.
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