Shares of Mack-Cali Realty Corp. (NYSE:CLI) have been given an average rating of “Hold” by the nine research firms that are presently covering the firm. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $27.79.

Several research analysts have issued reports on the stock. Barclays PLC increased their target price on shares of Mack-Cali Realty Corp. from $26.00 to $28.00 and gave the stock an “underweight” rating in a report on Tuesday, July 19th. BTIG Research assumed coverage on shares of Mack-Cali Realty Corp. in a report on Thursday, August 25th. They set a “neutral” rating on the stock. Zacks Investment Research cut shares of Mack-Cali Realty Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, August 9th. Citigroup Inc. increased their target price on shares of Mack-Cali Realty Corp. from $29.50 to $31.50 and gave the stock a “buy” rating in a report on Thursday, July 7th. Finally, Stifel Nicolaus increased their target price on shares of Mack-Cali Realty Corp. from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, August 5th.

Mack-Cali Realty Corp. (NYSE:CLI) traded down 0.45% on Tuesday, hitting $26.81. 131,901 shares of the stock traded hands. Mack-Cali Realty Corp. has a 12 month low of $17.35 and a 12 month high of $29.25. The company’s market capitalization is $2.40 billion. The firm has a 50-day moving average price of $27.60 and a 200-day moving average price of $25.98.

Mack-Cali Realty Corp. (NYSE:CLI) last issued its earnings results on Tuesday, August 2nd. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.02. Mack-Cali Realty Corp. had a negative net margin of 8.07% and a negative return on equity of 2.79%. The company had revenue of $149.23 million for the quarter, compared to analysts’ expectations of $156.82 million. During the same period in the prior year, the business earned $0.46 EPS. Analysts forecast that Mack-Cali Realty Corp. will post $2.11 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Mack-Cali Realty Corp. by 3.5% in the second quarter. Vanguard Group Inc. now owns 14,237,774 shares of the real estate investment trust’s stock valued at $384,420,000 after buying an additional 477,811 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of Mack-Cali Realty Corp. by 3.2% in the second quarter. BlackRock Fund Advisors now owns 4,900,620 shares of the real estate investment trust’s stock valued at $132,317,000 after buying an additional 150,010 shares during the last quarter. State Street Corp raised its position in shares of Mack-Cali Realty Corp. by 0.5% in the second quarter. State Street Corp now owns 4,093,341 shares of the real estate investment trust’s stock valued at $110,525,000 after buying an additional 22,374 shares during the last quarter. LSV Asset Management raised its position in shares of Mack-Cali Realty Corp. by 90.6% in the second quarter. LSV Asset Management now owns 4,036,894 shares of the real estate investment trust’s stock valued at $108,996,000 after buying an additional 1,918,895 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Mack-Cali Realty Corp. by 1.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,714,455 shares of the real estate investment trust’s stock valued at $100,290,000 after buying an additional 46,853 shares during the last quarter.

About Mack-Cali Realty Corp.

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 located primarily in the Northeast. The Company’s segments include commercial and other real estate, multi-family real estate, multi-family services, and corporate & other.

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