Mack Cali Realty Corp (NYSE:CLI) had declared a cash dividend of $0.1500 on Sep 27, 2016. The shares will quote ex-dividend on Oct 3, 2016 and the record date has been fixed for Oct 5, 2016. On Sep 27, 2016 share price, the yield comes out to be 2.1216%. The dividend payable date has been fixed on Oct 14, 2016.
In a different note, On Sep 19, 2016, Evercore ISI Group said it Upgrades its rating on Mack Cali Realty Corp. The shares have been rated ‘Buy’ by the firm. BTIG Research said it Initiates Coverage on Mack Cali Realty Corp, according to a research note issued on Aug 25, 2016. The shares have been rated ‘Neutral’ by the firm. On Aug 5, 2016, Stifel Nicolaus said it Maintains its rating on Mack Cali Realty Corp. In the research note, the firm Raises the price-target to $28.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 19, 2016, Barclays said it Maintains its rating on Mack Cali Realty Corp. In the research note, the firm Raises the price-target to $26.00 per share. The shares have been rated ‘Underweight’ by the firm. On Jul 7, 2016, Citigroup said it Maintains its rating on Mack Cali Realty Corp. In the research note, the firm Raises the price-target to $29.50 per share. The shares have been rated ‘Buy’ by the firm.
Mack Cali Realty Corp (CLI) remained unchanged at the close of Friday session. Even as the volume increased to 8,59,687 ,the shares failed to make any impression and ended at 0 points or 0.00% at $27.22. The trading session commenced at $27.33 and the stock hit a high of $27.51 and touched $27.03 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $29.25 and the 52-week low is $17.35. The company has a market cap of $2,440 M and has approximately 8,96,50,891 outstanding shares.
Mack Cali Realty Corp(CLI) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $149.23M. Analysts had an estimated revenue of $156.82M. Earnings per share were $0.55. Analysts had estimated an EPS of $0.53.
Several Insider Transactions has been reported to the SEC. On Feb 5, 2016, Ricardo Cardoso (EVP & Chief Investment Officer) purchased 23,000 shares at $19.54 per share price.Also, On Sep 30, 2015, Jonathan Litt (director) purchased 130,500 shares at $19.08 per share price.
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 2000 commercial tenants; around 19 multi-family rental properties containing 5484 residential units and developable land. The properties are located in seven states primarily in the Northeast and the District of Columbia.