Press coverage about Mack Cali Realty (NYSE:CLI) has trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Mack Cali Realty earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 46.2367572803037 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Mack Cali Realty (NYSE CLI) opened at $20.84 on Thursday. Mack Cali Realty has a fifty-two week low of $20.61 and a fifty-two week high of $29.70. The company has a market capitalization of $1,880.00, a price-to-earnings ratio of 90.61, a PEG ratio of 2.91 and a beta of 1.19. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.69.
Mack Cali Realty (NYSE:CLI) last announced its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). Mack Cali Realty had a net margin of 4.14% and a return on equity of 1.53%. The company had revenue of $160.02 million for the quarter, compared to analysts’ expectations of $156.18 million. During the same period in the prior year, the company earned $0.60 earnings per share. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. sell-side analysts anticipate that Mack Cali Realty will post 2.26 EPS for the current year.
Several analysts have recently weighed in on CLI shares. Citigroup cut their price objective on Mack Cali Realty from $27.50 to $26.00 and set a “neutral” rating for the company in a report on Thursday, September 21st. Stifel Nicolaus reaffirmed a “buy” rating and set a $30.00 target price on shares of Mack Cali Realty in a report on Thursday, September 21st. ValuEngine raised Mack Cali Realty from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Zacks Investment Research raised Mack Cali Realty from a “sell” rating to a “hold” rating in a report on Monday, November 13th. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $28.00.
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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.
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