Mack-Cali Realty Corp. (NYSE:CLI) had its price objective reduced by Barclays Capital from $26.00 to $23.00 in a research report released on Wednesday morning, AnalystRatingsNetwork.com reports. Barclays Capital currently has an equal weight rating on the stock.
Mack-Cali Realty Corp. (NYSE: CLI) traded down 1.18% on Wednesday, hitting $24.36. Mack-Cali Realty Corp. has a 1-year low of $22.59 and a 1-year high of $29.39. The stock’s 50-day moving average is currently $24.48. The company has a market cap of $2.142 billion and a price-to-earnings ratio of 79.77.
A number of other firms have also recently commented on CLI. Analysts at Zacks reiterated a neutral rating on shares of Mack-Cali Realty Corp. in a research note to investors on Thursday, July 11th. They now have a $24.50 price target on the stock. Analysts at Stifel Nicolaus upgraded shares of Mack-Cali Realty Corp. from a sell rating to a hold rating in a research note to investors on Thursday, May 23rd.
One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Mack-Cali Realty Corp. has a consensus rating of Hold and an average target price of $26.70.
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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