Mack-Cali Realty Corp. (NYSE:CLI)‘s stock had its “underperform” rating reaffirmed by Zacks in a note issued to investors on Tuesday, ARN reports. They currently have a $18.00 target price on the stock. Zacks‘ target price indicates a potential downside of 10.63% from the company’s current price.
CLI has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. cut their price target on shares of Mack-Cali Realty Corp. from $27.00 to $26.00 in a research note to investors on Friday, October 25th. They now have a “neutral” rating on the stock. Analysts at Cowen and Company cut their price target on shares of Mack-Cali Realty Corp. from $30.00 to $25.00 in a research note to investors on Thursday, September 12th. They now have an “outperform” rating on the stock. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $24.83.
Shares of Mack-Cali Realty Corp. (NYSE:CLI) traded up 0.65% during mid-day trading on Tuesday, hitting $20.27. The stock had a trading volume of 616,712 shares. Mack-Cali Realty Corp. has a 1-year low of $19.05 and a 1-year high of $29.39. The stock has a 50-day moving average of $20.78 and a 200-day moving average of $23.03. The company has a market cap of $1.784 billion and a P/E ratio of 58.72.
Mack-Cali Realty Corp. (NYSE:CLI) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by $0.01. The company had revenue of $162.51 million for the quarter, compared to the consensus estimate of $176.73 million. During the same quarter in the prior year, the company posted $0.65 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis. Analysts expect that Mack-Cali Realty Corp. will post $2.39 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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