Impact of Brokerage Rating on Mack-Cali Realty Corporation(CLI)

Many Mack-Cali Realty Corporation(CLI) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Mack Cali Realty Corp was Downgraded by Citigroup to Neutral on Dec 9, 2016.

Company has reported several Insider transactions to the SEC, on Jan 24, 2017, Nathan Gantcher (director) sold 2,951 shares at 20.50 per share price.On Feb 5, 2016, Ricardo Cardoso (EVP & Chief Investment Officer) purchased 23,000 shares at 19.54 per share price.On Sep 30, 2015, Jonathan Litt (director) purchased 130,500 shares at 19.08 per share price.

Mack Cali Realty Corp Last issued its quarterly earnings results on Oct 25, 2016. The company reported $0.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $0.55. The company had revenue of $157.52 million for the quarter, compared to analysts expectations of $150.88 million. The companys revenue was up 7.8% compared to the same quarter last year.

Mack-Cali Realty Corporation (NYSE:CLI) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.17 by 6 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 2 Brokerage Firms have advised hold. A sell rating was given by 1 analyst.

Mack-Cali Realty Corporation (NYSE:CLI): 7 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $29 in Mack-Cali Realty Corporation (NYSE:CLI). However, the stock price could fluctuate by $ 1.41 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $31 price target with the lower price estimate is calculated at $27

Mack-Cali Realty Corporation (NYSE:CLI) witnessed a decline in the market cap on Tuesday as its shares dropped 2.09% or 0.59 points. After the session commenced at $28.08, the stock reached the higher end at $28.09 while it hit a low of $27.44. With the volume soaring to 1,707,135 shares, the last trade was called at $27.66. The company has a 52-week high of $29.47. The company has a market cap of $2,481 million and there are 89,688,470 shares in outstanding. The 52-week low of the share price is $17.955.

Mack-Cali Realty Corp. is a fully-integrated, self-administered and self-managed real estate investment trust that owns and operates a portfolio comprised predominantly of Class A office and office/flex properties located primarily in the Northeast, as well as commercial real estate leasing, management, acquisition, development and construction businesses.

Mack-Cali

For any feedback and suggestions contact author at Ryan.Silvi@thefoundersdaily.com

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