Mack Cali Realty Corp (NYSE:CLI) EVP Robert Andrew Marshall sold 1,426 shares of the firm’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $21.28, for a total transaction of $30,345.28. Following the sale, the executive vice president now owns 1,426 shares of the company’s stock, valued at approximately $30,345.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

NYSE CLI opened at $21.11 on Friday. The stock has a market cap of $1.88 billion, a P/E ratio of 9.47 and a beta of 1.18. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.83 and a quick ratio of 0.83. Mack Cali Realty Corp has a 52-week low of $15.86 and a 52-week high of $24.04.

Mack Cali Realty (NYSE:CLI) last posted its earnings results on Wednesday, August 1st. The real estate investment trust reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.49). The business had revenue of $126.58 million during the quarter, compared to analysts’ expectations of $133.28 million. Mack Cali Realty had a return on equity of 4.70% and a net margin of 13.89%. Mack Cali Realty’s revenue for the quarter was down 90.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 EPS. equities research analysts anticipate that Mack Cali Realty Corp will post 1.86 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 12th. Stockholders of record on Tuesday, October 2nd will be paid a $0.20 dividend. The ex-dividend date is Monday, October 1st. This represents a $0.80 annualized dividend and a dividend yield of 3.79%. Mack Cali Realty’s payout ratio is 35.87%.

A number of research firms recently issued reports on CLI. Stifel Nicolaus restated a “hold” rating and set a $23.00 price objective (up previously from $21.00) on shares of Mack Cali Realty in a report on Thursday, August 16th. ValuEngine upgraded shares of Mack Cali Realty from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Deutsche Bank raised their price objective on shares of Mack Cali Realty from $20.00 to $21.00 and gave the stock a “hold” rating in a report on Tuesday, June 26th. Barclays restated an “average” rating on shares of Mack Cali Realty in a report on Thursday, June 14th. Finally, Zacks Investment Research downgraded shares of Mack Cali Realty from a “hold” rating to a “sell” rating in a report on Monday, July 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $22.80.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Mutual of America Capital Management LLC increased its stake in shares of Mack Cali Realty by 4.4% in the second quarter. Mutual of America Capital Management LLC now owns 77,253 shares of the real estate investment trust’s stock worth $1,567,000 after purchasing an additional 3,289 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Mack Cali Realty by 89.9% in the second quarter. State of Alaska Department of Revenue now owns 7,424 shares of the real estate investment trust’s stock worth $150,000 after purchasing an additional 3,514 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Mack Cali Realty by 32.7% in the first quarter. Envestnet Asset Management Inc. now owns 15,668 shares of the real estate investment trust’s stock worth $262,000 after purchasing an additional 3,860 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Mack Cali Realty by 7.5% in the first quarter. Nomura Asset Management Co. Ltd. now owns 55,700 shares of the real estate investment trust’s stock worth $931,000 after purchasing an additional 3,910 shares in the last quarter. Finally, Aperio Group LLC increased its stake in shares of Mack Cali Realty by 11.6% in the first quarter. Aperio Group LLC now owns 43,736 shares of the real estate investment trust’s stock worth $731,000 after purchasing an additional 4,550 shares in the last quarter. Hedge funds and other institutional investors own 98.96% of the company’s stock.

About Mack Cali Realty

Mack-Cali Realty Corporation is fully-integrated and self-managed company, Mack-Cali has provided world-class management, leasing, and development services throughout New Jersey and the surrounding region for two decades. By regularly investing in its properties and innovative lifestyle amenity packages, Mack-Cali creates environments that empower tenants and residents to reimagine the way they work and live.

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