Media stories about Mack-Cali Realty Corporation (NYSE:CLI) have been trending somewhat positive on Saturday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Mack-Cali Realty Corporation earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 46.6339556240242 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Brokerages Anticipate Mack-Cali Realty Corporation (CLI) to Announce $0.58 Earnings Per Share (americanbankingnews.com)
- Citigroup Inc. Trims Mack-Cali Realty Corporation (CLI) Target Price to $26.00 (americanbankingnews.com)
- Mack-Cali Realty Corporation (CLI) Given Buy Rating at Stifel Nicolaus (americanbankingnews.com)
- Comparing Mack-Cali Realty Corporation (CLI) and Its Competitors (americanbankingnews.com)
- Mack Cali Realty : Cali Unveils $75-Million Capital Transformation of Harborside (4-traders.com)
CLI has been the topic of several analyst reports. ValuEngine downgraded shares of Mack-Cali Realty Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. SunTrust Banks, Inc. raised shares of Mack-Cali Realty Corporation from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Tuesday, September 5th. They noted that the move was a valuation call. Barclays PLC lowered their target price on shares of Mack-Cali Realty Corporation from $29.00 to $28.00 and set an “underweight” rating on the stock in a report on Tuesday, July 18th. BidaskClub raised shares of Mack-Cali Realty Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. Finally, Zacks Investment Research downgraded shares of Mack-Cali Realty Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. Three equities research 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 an average rating of “Hold” and a consensus price target of $28.75.
Mack-Cali Realty Corporation (CLI) traded up 0.39% on Friday, reaching $23.19. 474,500 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $23.85 and a 200 day moving average price of $26.32. Mack-Cali Realty Corporation has a one year low of $22.70 and a one year high of $29.70. The firm’s market cap is $2.08 billion.
Mack-Cali Realty Corporation (NYSE:CLI) last posted its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.60 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.01). Mack-Cali Realty Corporation had a negative return on equity of 1.21% and a negative net margin of 3.31%. The company had revenue of $162.77 million for the quarter, compared to analysts’ expectations of $150.94 million. During the same quarter in the prior year, the firm earned $0.55 EPS. On average, equities analysts anticipate that Mack-Cali Realty Corporation will post ($0.11) earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Tuesday, October 3rd will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, October 2nd. This represents a $0.80 annualized dividend and a dividend yield of 3.45%. Mack-Cali Realty Corporation’s dividend payout ratio is presently -307.69%.
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Mack-Cali Realty Corporation 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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