Media stories about Mack Cali Realty (NYSE:CLI) have been trending somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by reviewing more than 20 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 impact score of 0.19 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.1995702942867 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Mack Cali Realty (CLI) Given “Outperform” Rating at Evercore ISI (americanbankingnews.com)
- Mack Cali Realty Corporation: Mack-Cali Realty Corporation Announces First Quarter 2018 Earnings Release Date (twst.com)
- SunTrust Banks Upgrades Mack Cali Realty (CLI) to “Buy” (americanbankingnews.com)
- Mack Cali Realty Corp to Post Q1 2018 Earnings of $0.47 Per Share, SunTrust Banks Forecasts (CLI) (americanbankingnews.com)
NYSE CLI opened at $16.83 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.68. Mack Cali Realty has a 12-month low of $15.86 and a 12-month high of $28.57. The stock has a market cap of $1,526.97, a price-to-earnings ratio of 7.55, a price-to-earnings-growth ratio of 2.75 and a beta of 1.16.
Mack Cali Realty (NYSE:CLI) last issued its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.03 EPS 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 the consensus estimate of $146.18 million. Mack Cali Realty had a net margin of 2.16% and a return on equity of 0.79%. sell-side analysts predict that Mack Cali Realty will post 1.83 earnings per share for the current fiscal year.
The company 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 dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.75%. The ex-dividend date is Monday, April 2nd. Mack Cali Realty’s dividend payout ratio (DPR) is 35.87%.
Several analysts have issued reports on the stock. ValuEngine lowered shares of Mack Cali Realty from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Citigroup cut their price target on shares of Mack Cali Realty from $23.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, March 5th. TheStreet lowered shares of Mack Cali Realty from a “c” rating to a “d+” rating in a research report on Tuesday, February 27th. Stifel Nicolaus upgraded shares of Mack Cali Realty from a “sell” rating to a “hold” rating in a research report on Monday, February 26th. Finally, Barclays cut their price target on shares of Mack Cali Realty from $24.00 to $21.00 and set an “underweight” rating for the company in a research report on Tuesday, January 30th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Mack Cali Realty has a consensus rating of “Hold” and an average price target of $25.83.
In other news, CFO David J. Smetana acquired 5,800 shares of the stock in a transaction dated Tuesday, March 6th. The stock was purchased at an average cost of $16.86 per share, with a total value of $97,788.00. Following the completion of the purchase, the chief financial officer now owns 5,800 shares in the company, valued at approximately $97,788. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 6.80% of the company’s stock.
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About Mack Cali Realty
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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