Mack Cali Realty (CLI) Getting Somewhat Positive Media Coverage, Report Finds

Media coverage about Mack Cali Realty (NYSE:CLI) has been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Mack Cali Realty earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 46.588746980386 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

CLI has been the subject of a number of recent analyst reports. SunTrust Banks upgraded shares of Mack Cali Realty from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Tuesday, September 5th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Mack Cali Realty from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. Citigroup lowered their target price on shares of Mack Cali Realty from $27.50 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, September 21st. Stifel Nicolaus reiterated a “buy” rating and issued a $30.00 target price on shares of Mack Cali Realty in a research note on Thursday, September 21st. Finally, ValuEngine upgraded shares of Mack Cali Realty from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Four research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. Mack Cali Realty presently has a consensus rating of “Hold” and an average target price of $28.00.

Shares of Mack Cali Realty (CLI) opened at $21.67 on Wednesday. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.20 and a quick ratio of 1.20. Mack Cali Realty has a 12 month low of $21.18 and a 12 month high of $29.70. The company has a market cap of $1,950.00, a P/E ratio of 94.22, a P/E/G ratio of 2.83 and a beta of 1.18.

Mack Cali Realty (NYSE:CLI) last announced its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). Mack Cali Realty had a net margin of 4.14% and a return on equity of 1.53%. The business had revenue of $160.02 million for the quarter, compared to analyst estimates of $156.18 million. During the same quarter in the previous year, the firm posted $0.60 earnings per share. The business’s revenue was up 1.6% on a year-over-year basis. analysts anticipate that Mack Cali Realty will post 2.26 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Wednesday, January 3rd will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.69%. The ex-dividend date is Tuesday, January 2nd. Mack Cali Realty’s payout ratio is 347.83%.

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About Mack Cali Realty

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. It operates in three segments: commercial and other real estate, multi-family real estate and multi-family services.

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