ValuEngine upgraded shares of Mack-Cali Realty (NYSE:CLI) from a hold rating to a buy rating in a research report report published on Friday morning.

Several other research firms also recently issued reports on CLI. Evercore ISI reiterated an outperform rating and set a $29.00 price target (down previously from $33.00) on shares of Mack-Cali Realty in a research note on Wednesday, August 9th. Barclays decreased their price target on Mack-Cali Realty from $28.00 to $24.00 and set an underweight rating for the company in a research note on Friday, August 18th. Zacks Investment Research downgraded Mack-Cali Realty from a hold rating to a sell rating in a research note on Tuesday, September 12th. SunTrust Banks upgraded Mack-Cali Realty from a hold rating to a buy rating and set a $30.00 price target for the company in a research note on Tuesday, September 5th. They noted that the move was a valuation call. Finally, Stifel Nicolaus reiterated a buy rating and set a $30.00 price target on shares of Mack-Cali Realty in a research note on Thursday, September 21st. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $28.43.

Shares of Mack-Cali Realty (NYSE CLI) traded up $0.20 during mid-day trading on Friday, reaching $22.33. The company’s stock had a trading volume of 528,582 shares, compared to its average volume of 761,285. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.20 and a current ratio of 1.20. Mack-Cali Realty has a 12 month low of $21.18 and a 12 month high of $29.70. The firm has a market cap of $1,989.80, a price-to-earnings ratio of 9.66, a P/E/G ratio of 1.68 and a beta of 1.19.

Mack-Cali Realty (NYSE:CLI) last issued its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.01). The firm had revenue of $160.02 million during the quarter, compared to analyst estimates of $156.18 million. Mack-Cali Realty had a return on equity of 1.53% and a net margin of 4.14%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.60 earnings per share. sell-side analysts forecast that Mack-Cali Realty will post 2.27 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in CLI. Public Employees Retirement System of Ohio lifted its position in shares of Mack-Cali Realty by 11.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 132,258 shares of the real estate investment trust’s stock worth $3,136,000 after acquiring an additional 13,771 shares during the period. Eii Capital Management Inc. bought a new stake in shares of Mack-Cali Realty in the 3rd quarter worth approximately $708,000. California Public Employees Retirement System lifted its position in shares of Mack-Cali Realty by 4.1% in the 3rd quarter. California Public Employees Retirement System now owns 258,955 shares of the real estate investment trust’s stock worth $6,140,000 after acquiring an additional 10,156 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of Mack-Cali Realty in the 3rd quarter worth approximately $350,000. Finally, Asset Management One Co. Ltd. lifted its position in shares of Mack-Cali Realty by 2.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 192,240 shares of the real estate investment trust’s stock worth $4,539,000 after acquiring an additional 3,872 shares during the period. Hedge funds and other institutional investors own 99.25% of the company’s stock.

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Mack-Cali Realty Company Profile

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.

Analyst Recommendations for Mack-Cali Realty (NYSE:CLI)

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