Mack-Cali Realty Corporation (NYSE:CLI) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, October 23rd. Mack-Cali Realty Corporation has set its FY17 guidance at $2.18-2.28 EPS.
Mack-Cali Realty Corporation (NYSE:CLI) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.01). The firm had revenue of $162.77 million for the quarter, compared to analysts’ expectations of $150.94 million. Mack-Cali Realty Corporation had a negative return on equity of 1.21% and a negative net margin of 3.31%. During the same period last year, the company earned $0.55 earnings per share. On average, analysts expect Mack-Cali Realty Corporation to post $-0.11 EPS for the current fiscal year and $-0.15 EPS for the next fiscal year.
Shares of Mack-Cali Realty Corporation (NYSE CLI) opened at 22.61 on Friday. Mack-Cali Realty Corporation has a one year low of $22.53 and a one year high of $29.70. The stock’s 50 day moving average price is $23.48 and its 200 day moving average price is $25.75. The stock’s market capitalization is $2.03 billion.
The company also recently declared a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Tuesday, October 3rd were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date was Monday, October 2nd. Mack-Cali Realty Corporation’s dividend payout ratio is presently -307.69%.
A number of analysts have recently issued reports on CLI shares. BidaskClub lowered Mack-Cali Realty Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, June 29th. Barclays PLC reduced their price objective on Mack-Cali Realty Corporation from $29.00 to $28.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 18th. Evercore ISI reiterated an “outperform” rating and set a $29.00 price objective (down previously from $33.00) on shares of Mack-Cali Realty Corporation in a research report on Wednesday, August 9th. ValuEngine downgraded Mack-Cali Realty Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, SunTrust Banks, Inc. upgraded Mack-Cali Realty Corporation from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Tuesday, September 5th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. Mack-Cali Realty Corporation has an average rating of “Hold” and an average price target of $28.43.
About Mack-Cali Realty Corporation
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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