Mack Cali Realty (CLI) Earning Somewhat Favorable Press Coverage, Study Finds

Media coverage about Mack Cali Realty (NYSE:CLI) has trended somewhat positive on Sunday, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Mack Cali Realty earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.0795990145248 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

NYSE CLI opened at $16.99 on Friday. The company has a market cap of $1,520.66, a price-to-earnings ratio of 7.62, a PEG ratio of 2.74 and a beta of 1.16. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.87 and a quick ratio of 0.87. Mack Cali Realty has a 1-year low of $15.86 and a 1-year high of $28.57.

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Mack Cali Realty (NYSE:CLI) last released its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.50). The firm had revenue of $143.53 million for the quarter, compared to analysts’ expectations of $146.18 million. Mack Cali Realty had a net margin of 2.16% and a return on equity of 0.79%. research analysts forecast that Mack Cali Realty will post 1.83 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Tuesday, April 3rd will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.71%. The ex-dividend date of this dividend is Monday, April 2nd. Mack Cali Realty’s payout ratio is 35.87%.

Several research firms recently issued reports on CLI. SunTrust Banks set a $28.00 target price on Mack Cali Realty and gave the stock a “buy” rating in a research report on Monday, January 22nd. Citigroup cut their price target on Mack Cali Realty from $23.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, March 5th. Stifel Nicolaus upgraded Mack Cali Realty from a “sell” rating to a “hold” rating in a report on Monday, February 26th. Zacks Investment Research cut Mack Cali Realty from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Finally, ValuEngine cut Mack Cali Realty from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Three analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Mack Cali Realty has an average rating of “Hold” and a consensus target price of $25.83.

In related news, CFO David J. Smetana acquired 5,800 shares of the stock in a transaction dated Tuesday, March 6th. The stock was acquired at an average cost of $16.86 per share, with a total value of $97,788.00. Following the purchase, the chief financial officer now directly owns 5,800 shares of the company’s stock, valued at $97,788. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.80% of the stock is owned by company insiders.

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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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