Mack-Cali Realty Corporation (CLI) Scheduled to Post Quarterly Earnings on Monday

Mack-Cali Realty Corporation (NYSE:CLI) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, October 23rd. Mack-Cali Realty Corporation has set its FY17 guidance at $2.18-2.28 EPS.

Mack-Cali Realty Corporation (NYSE:CLI) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.01). The firm had revenue of $162.77 million during the quarter, compared to analysts’ expectations of $150.94 million. Mack-Cali Realty Corporation had a negative return on equity of 1.21% and a negative net margin of 3.31%. During the same period last year, the business earned $0.55 earnings per share. On average, analysts expect Mack-Cali Realty Corporation to post $2.26 EPS for the current fiscal year and $2.24 EPS for the next fiscal year.

Mack-Cali Realty Corporation (NYSE CLI) opened at 23.70 on Monday. The stock has a 50 day moving average of $23.46 and a 200 day moving average of $25.86. Mack-Cali Realty Corporation has a 52-week low of $22.70 and a 52-week high of $29.70. The stock’s market capitalization is $2.13 billion.

The company also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Tuesday, October 3rd were given a $0.20 dividend. The ex-dividend date was Monday, October 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.38%. Mack-Cali Realty Corporation’s dividend payout ratio is -307.69%.

WARNING: This article was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States & international copyright legislation. The original version of this article can be read at https://ledgergazette.com/2017/10/16/mack-cali-realty-corporation-cli-scheduled-to-post-quarterly-earnings-on-monday.html.

CLI has been the topic of a number of analyst reports. ValuEngine upgraded shares of Mack-Cali Realty Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $30.00 price target on shares of Mack-Cali Realty Corporation in a research report on Thursday, September 21st. SunTrust Banks, Inc. upgraded shares of Mack-Cali Realty Corporation from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Tuesday, September 5th. They noted that the move was a valuation call. Citigroup Inc. cut their price target on shares of Mack-Cali Realty Corporation from $27.50 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, September 21st. Finally, Evercore ISI reiterated an “outperform” rating and issued a $29.00 price target (down from $33.00) on shares of Mack-Cali Realty Corporation in a research report on Wednesday, August 9th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $28.43.

Mack-Cali Realty Corporation Company Profile

Mack-Cali Realty Corporation is a self-administered and self-managed real estate investment tr

Mack-Cali Realty Corporation (NYSE:CLI) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.01). The firm had revenue of $162.77 million during the quarter, compared to analysts’ expectations of $150.94 million. Mack-Cali Realty Corporation had a negative return on equity of 1.21% and a negative net margin of 3.31%. During the same period last year, the business earned $0.55 earnings per share. On average, analysts expect Mack-Cali Realty Corporation to post $2.26 EPS for the current fiscal year and $2.24 EPS for the next fiscal year.

Mack-Cali Realty Corporation (NYSE CLI) opened at 23.70 on Monday. The stock has a 50 day moving average of $23.46 and a 200 day moving average of $25.86. Mack-Cali Realty Corporation has a 52-week low of $22.70 and a 52-week high of $29.70. The stock’s market capitalization is $2.13 billion.

The company also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Tuesday, October 3rd were given a $0.20 dividend. The ex-dividend date was Monday, October 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.38%. Mack-Cali Realty Corporation’s dividend payout ratio is -307.69%.

WARNING: This article was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States & international copyright legislation. The original version of this article can be read at https://ledgergazette.com/2017/10/16/mack-cali-realty-corporation-cli-scheduled-to-post-quarterly-earnings-on-monday.html.

CLI has been the topic of a number of analyst reports. ValuEngine upgraded shares of Mack-Cali Realty Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $30.00 price target on shares of Mack-Cali Realty Corporation in a research report on Thursday, September 21st. SunTrust Banks, Inc. upgraded shares of Mack-Cali Realty Corporation from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Tuesday, September 5th. They noted that the move was a valuation call. Citigroup Inc. cut their price target on shares of Mack-Cali Realty Corporation from $27.50 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, September 21st. Finally, Evercore ISI reiterated an “outperform” rating and issued a $29.00 price target (down from $33.00) on shares of Mack-Cali Realty Corporation in a research report on Wednesday, August 9th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $28.43.

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.

Earnings History for Mack-Cali Realty Corporation (NYSE:CLI)

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