Mack-Cali Realty Corporation (CLI) has an average broker rating of 3.17, which is interpreted as a Hold, as rated by 6 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.
Mack-Cali Realty Corporation (CLI) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $30 and the lowest price target forecast is $19. The average forecast of all the analysts is $26.33 and the expected standard deviation is $3.83.
Company shares have received an average consensus rating of Hold for the current week Mack-Cali Realty Corporation (NYSE:CLI): The stock opened at $27.68 on Thursday but the bulls could not build on the opening and the stock topped out at $27.68 for the day. The stock traded down to $26.93 during the day, due to lack of any buying support eventually closed down at $27.23 with a loss of -1.20% for the day. The stock had closed at $27.56 on the previous day. The total traded volume was 801,071 shares.
In a related news, Cardoso Ricardo, officer (EVP & Chief Investment Officer) of Mack Cali Realty Corp, executed a transaction worth $449,420 on February 4, 2016. A total of 23,000 shares were purchased at an average price of $19.54. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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 and multi-family rental properties located primarily in the Northeast. The Company operates through three segments: commercial and other real estate, multi-family real estate and multi-family services. It provides leasing, property management, acquisition, development, construction and tenant-related services for its commercial and other real estate, and multi-family real estate portfolio. The Company holds interests in approximately 283 properties, consisting of around 264 commercial properties, totaling approximately 31.0 million square feet, leased to approximately 2,000 commercial tenants; around 19 multi-family rental properties containing 5,484 residential units, and developable land. The properties are located in seven states, primarily in the Northeast, and the District of Columbia.