CLI - Mack-Cali Realty Corporation

NYSE - NYSE Delayed Price. Currency in USD
21.48
-0.12 (-0.56%)
At close: 4:01PM EST
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Previous Close21.60
Open21.58
Bid21.35 x 800
Ask21.36 x 800
Day's Range21.10 - 21.58
52 Week Range19.96 - 24.88
Volume3,058,732
Avg. Volume625,622
Market Cap1.945B
Beta (5Y Monthly)1.15
PE Ratio (TTM)10.52
EPS (TTM)2.04
Earnings DateFeb 25, 2020
Forward Dividend & Yield0.80 (3.70%)
Ex-Dividend DateJan 01, 2020
1y Target Est24.22
  • Why Mack-Cali Realty Corporation (NYSE:CLI) Looks Like A Quality Company
    Simply Wall St.

    Why Mack-Cali Realty Corporation (NYSE:CLI) Looks Like A Quality Company

    While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

  • Mack-Cali Realty Corporation Announces Fourth Quarter 2019 Earnings Release Date
    PR Newswire

    Mack-Cali Realty Corporation Announces Fourth Quarter 2019 Earnings Release Date

    Mack-Cali Realty Corporation (NYSE: CLI) today announced that it will release its fourth quarter 2019 earnings results after the market close on Wednesday, February 26, 2020 and will host its fourth quarter 2019 earnings conference call with management on Thursday, February 27, 2020 at 8:00 a.m., Eastern Time.

  • Mack-Cali Realty Corporation Announces Tax Treatment Of 2019 Dividends
    PR Newswire

    Mack-Cali Realty Corporation Announces Tax Treatment Of 2019 Dividends

    Mack-Cali Realty Corporation (NYSE: CLI) today announced the tax treatment of its 2019 dividends. The Company's total distribution of $0.80 per share of common stock (CUSIP 554489104) is to be classified for income tax purposes as follows:

  • Should You Be Adding Mack-Cali Realty (NYSE:CLI) To Your Watchlist Today?
    Simply Wall St.

    Should You Be Adding Mack-Cali Realty (NYSE:CLI) To Your Watchlist Today?

    For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

  • There’s an Opportunity Brewing in These 3 Upgraded Stocks
    TipRanks

    There’s an Opportunity Brewing in These 3 Upgraded Stocks

    Opportunity knocks but once, goes the old saw, and the trick is making sure you hear it. That’s certainly true in the investing world, where it can sometimes be difficult to identify the stocks most likely to show near-term growth. This is where TipRanks steps in.TipRanks assembles a comprehensive database of stock performance information, based on the market movements of 6,400 publicly traded companies. And in all of this information, it’s possible to find the upgrades.Upgrades happen when an analyst revises his view of a stock – and bumps it up. Sometimes it’s in response to a particularly good quarter, sometimes to a merger or an acquisition, or sometimes the analyst saw a hint that good times are in store. Investors should be alert, to take notice and be ready to act when top analysts upgrade a stock.Here, we highlight three stocks that received some upgrade love today.Salesforce.com (CRM)This company is well-known, almost a household name, and definitely a staple for online marketers. Salesforce was an early leader in the cloud computing sector, and quickly became a leading name in Customer Relationship Management (also CRM, like the ticker). The company’s products include cloud-based subscription software for tracking sales and commerce, databases, marketing efforts, customer service, and business analytics.Salesforce is the largest of the companies in this list, with a market cap of $153 billion – up almost 11% in the past month. Company management has set a goal increasing total revenues from FY2019’s $13 billion to $34 billion by 2024. The most recent quarterly report, for calendar Q3 2019, showed that CRM is on track toward this goal – the $4.5 billion top-line revenue beat the forecast, as did the 75-cent EPS figure.The upgrade on Salesforce came from RBC Capital analyst Alex Zukin. Zukin holds 5 stars from TipRanks, and is ranked 29 overall in the analyst database.On Salesforce, Zukin had already rated the stock a Buy, but now he’s made the stock one of his Top Picks. Supporting his increased optimism, Zukin writes, “We think that Salesforce continues to grow cRPO >20% and that there are many avenues to sustain growth, including service and marketing, the platform, and international and future initiatives… we think Salesforce can continue to drive premium growth for its size and it remains an important strategic asset.”Along with the upgraded stance, Zukin also raised his price target on the stock to $215, suggesting an upside of 24% for CRM. (To watch Zukin’s track record, click here)All in all, Salesforce gets a Strong Buy rating from the analyst consensus, based on no fewer than 24 Buys against a single Hold. Shares currently sell for $172, and the average price target of $192 indicates an upside potential of 11%. (See Salesforce stock analysis at TipRanks)Mack-Cali Realty Corporation (CLI)Headquartered in New Jersey, and operating throughout the Garden State and the Northeast, Mack-Cali is a Real Estate Investment Trust (REIT) focused on commercial properties, mainly office space. The company owns, manages, and leases its properties, and has recently begun diversifying into the apartment complex segment.Like most REITs, CLI pays out a reliable dividend. The payment, which has held steady at 20 cents quarterly since July 2017, is unusual for the REIT sector for its relatively low payout ratio of 52%. The yield, at 3.5%, is almost double that of the average S&P-listed company.The Q3 earnings were decidedly mixed for CLI – FFO, or funds from operation, was down year-over-year at 38 cents, and while top-line revenue showed a yoy gain to $131.9 million, it still missed the forecast. Share values started sliding after the earnings release. The stock made a turnaround at the end of December, however, regaining its losses – and more. In the first few sessions of 2020, CLI shares managed a modest gain of 1.64%.Analyst Steve Sakwa, reviewing the stock for Evercore ISI, sees plenty of reason for optimism in this stock and upgrades his view from Neutral to Buy. Backing his bullish stance, Sakwa writes, “We are upgrading CLI to Outperform from In Line and increasing our PT to $27 from $24 as a result of (i) rising confidence that CLI will be able to sell their entire suburban office portfolio in a reasonable time frame and (ii) our conviction that CLI’s sale of their suburban portfolio will cause a re-rating in the stock due to simplification and a higher quality portfolio that could be monetized more easily.”In addition to upgrading his rating on the stock, Sakwa also raised his price target by $3, to $27. His new price target implies an upside of 15%. (To watch Sakwa’s track record, click here)Despite the recent upgrade, CLI shares still get a Hold from the analyst consensus. The stock has received 3 Buys, 1 Hold, and 2 Sells from Wall Street’s analysts in recent weeks. The average price target is $27, suggesting a 7.3% upside from the current trading price of $23.45. (See Mack-Cali’s stock analysis at TipRanks)EVO Payments, Inc. (EVOP)Online finance is a major business niche, and EVO Payments is a small but rising player in it. The company is an electronic payment processing provider, offering merchants services for digital payment acceptance and transactions. EVO also offers fraud and loss prevention services. The company operates in over 150 countries around the world.EVOP shares started the New Year with a 4% gain in the first few trading sessions. These gains come after losses in December, and will hopefully augur better times ahead. On another positive note, the Q3 earnings report, released in early November, showed a bottom-line EPS of 19 cents, solidly above both the forecasts and the year-ago number. This came despite a top-line revenue miss.This stock underperformed in 2019, but BTIG analyst Mark Palmer, rated 5-stars and 41 overall in the TipRanks database, sees reason for optimism. He points out that EVOP has a “solid growth profile, potential for margin expansion, and its scarcity value as a relatively small merchant acquirer in a consolidating payments market.” Palmer sees EVOP’s recent share price decline as opening up a buying opportunity.Palmer puts a $32 price target on this stock to go with his Buy rating. This shows his confidence in 17% upside growth in the next 12 months. (To watch Palmer’s track record, click here) "We are bullish on EVOP’s prospects in 2020 and beyond for several reasons including its growth opportunity in the high-growth B2B payments space in which it is differentiated based on its focus on the less competitive accounts receivable payment area (versus the more competitive accounts payable area) and its software integrations with several major enterprise resource planning (ERP) providers," the analyst added.EVO Payments get a Moderate Buy rating from the analyst consensus, based on 2 Buys and 3 Holds set in the past three months. Shares are currently selling for $27.43, and the average price target of $29.60 suggests a modest upside of 8%. (See EVO Payments’ stock analysis at TipRanks)One of the first things to do in the morning - other than march down to the local Starbucks for your morning coffee - is to pop up TipRanks' Daily Stock Ratings to see what new ratings top ranked analysts are providing on the myriad equities within the stock market.

  • Can Capital Redeployment Drive Mack-Cali's (CLI) Growth?
    Zacks

    Can Capital Redeployment Drive Mack-Cali's (CLI) Growth?

    Mack-Cali Realty's (CLI) capital redeployment efforts will strengthen its multi-residential and waterfront Class-A office portfolios. Yet, large-scale dispositions are a concern for the company.

  • Mack-Cali (CLI) to Dispose Entire Sub-urban Office Portfolio
    Zacks

    Mack-Cali (CLI) to Dispose Entire Sub-urban Office Portfolio

    As part of its decision to offload the entire sub-urban office portfolio, Mack-Cali Realty (CLI) will sell two sub-urban office portfolios, totaling 2.4 million square feet of space, for $288.8 million.

  • Mack-Cali Board of Directors Determines to Sell Suburban Office Portfolio
    PR Newswire

    Mack-Cali Board of Directors Determines to Sell Suburban Office Portfolio

    Mack-Cali Realty Corporation (NYSE: CLI) today announced that the Board of Directors of the Company, at its regularly scheduled meeting held on December 17, 2019, received the report and recommendations of the Shareholder Value Committee and its financial advisors regarding the Company's strategic direction and alternatives for maximizing stockholder value. As previously announced, the Mack-Cali Board formed the Shareholder Value Committee comprised of four independent directors following the Company's 2019 Annual Meeting of Stockholders to review the Company's strategic direction and make a recommendation to the full Board. Goldman Sachs & Co. LLC served as financial advisor to the Shareholder Value Committee.

  • Mack-Cali Realty Corporation Declares Quarterly Cash Dividend
    PR Newswire

    Mack-Cali Realty Corporation Declares Quarterly Cash Dividend

    Mack-Cali Realty Corporation (NYSE: CLI) today announced that its Board of Directors has declared a cash dividend of $0.20 per common share (indicating an annual rate of $0.80 per common share) for the period October 1, 2019 through December 31, 2019. The dividend will be paid on January 10, 2020 to shareholders of record as of January 3, 2020.

  • Hedge Fund Sentiment Is Stagnant On Mack Cali Realty Corp (CLI)
    Insider Monkey

    Hedge Fund Sentiment Is Stagnant On Mack Cali Realty Corp (CLI)

    The financial regulations require hedge funds and wealthy investors that exceeded the $100 million equity holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F […]

  • Does Mack-Cali Realty Corporation (NYSE:CLI) Have A Volatile Share Price?
    Simply Wall St.

    Does Mack-Cali Realty Corporation (NYSE:CLI) Have A Volatile Share Price?

    If you're interested in Mack-Cali Realty Corporation (NYSE:CLI), then you might want to consider its beta (a measure...

  • Hedge Funds Love Hertz Global Holdings, Inc. (HTZ) Way More Than These 3 Stocks
    Insider Monkey

    Hedge Funds Love Hertz Global Holdings, Inc. (HTZ) Way More Than These 3 Stocks

    We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]

  • PR Newswire

    Mack-Cali Realty Corporation Issues Inaugural Corporate Responsibility Report

    Mack-Cali Realty Corporation (NYSE: CLI), a waterfront centric office and residential property owner, today announced that it has issued its inaugural Corporate Responsibility Report, which outlines the Company's commitment to the environment, its social programs at both the community and company level as well as its commitment to best in class governance.

  • Imagine Owning Mack-Cali Realty (NYSE:CLI) And Wondering If The 15% Share Price Slide Is Justified
    Simply Wall St.

    Imagine Owning Mack-Cali Realty (NYSE:CLI) And Wondering If The 15% Share Price Slide Is Justified

    In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market...

  • Thomson Reuters StreetEvents

    Edited Transcript of CLI earnings conference call or presentation 31-Oct-19 12:00pm GMT

    Q3 2019 Mack-Cali Realty Corp Earnings Call

  • Host Hotels' (HST) Q3 FFO Beats Estimates, Revenues Down Y/Y
    Zacks

    Host Hotels' (HST) Q3 FFO Beats Estimates, Revenues Down Y/Y

    While Host Hotels & Resorts' (HST) Q3 performance reflects improvement in food and beverage revenues, fall in average room rate hampers results.

  • AGNC Investment's (AGNC) Stock Up 3.5% on Q3 Earnings Beat
    Zacks

    AGNC Investment's (AGNC) Stock Up 3.5% on Q3 Earnings Beat

    Growth in comprehensive income per common share and lower cost of funds buoy AGNC Investment's (AGNC) Q3 earnings.

  • Annaly's (NLY) Q3 Earnings Miss Estimates on Declining NII
    Zacks

    Annaly's (NLY) Q3 Earnings Miss Estimates on Declining NII

    Plummeting net interest income and fall in book value per share dampen Annaly's (NLY) Q3 results.

  • Mack-Cali's (CLI) Q3 FFO Misses Estimates, Revenues Fall Y/Y
    Zacks

    Mack-Cali's (CLI) Q3 FFO Misses Estimates, Revenues Fall Y/Y

    Mack Cali's (CLI) Q3 results reflect slowdown in leasing activity in its office portfolio. Further, fall in same-store cash net operating income for the office portfolio play spoilsport.

  • ACCESSWIRE

    Mack-Cali Realty Corp. to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / October 31, 2019 / Mack-Cali Realty Corp. (NYSE: CLI ) will be discussing their earnings results in their 2019 Third Quarter Earnings to be held on October 31, 2019 at 8:00 ...

  • Mack-Cali Realty (CLI) Q3 FFO Lag Estimates
    Zacks

    Mack-Cali Realty (CLI) Q3 FFO Lag Estimates

    Mack-Cali (CLI) delivered FFO and revenue surprises of -2.56% and 1.98%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Mack-Cali Realty Corporation Reports Third Quarter 2019 Results
    PR Newswire

    Mack-Cali Realty Corporation Reports Third Quarter 2019 Results

    JERSEY CITY, N.J., Oct. 30, 2019 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today reported its results for the third quarter 2019. THIRD QUARTER 2019 HIGHLIGHTS Reported net income (loss) ...

  • Is Mack-Cali Realty Corporation (CLI) Going To Burn These Hedge Funds ?
    Insider Monkey

    Is Mack-Cali Realty Corporation (CLI) Going To Burn These Hedge Funds ?

    The 700+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the second quarter, which unveil their equity positions as of June 28. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. Our extensive […]

  • PR Newswire

    The Honorable Earle I. Mack to Receive 'National Arts Award' From Americans for the Arts

    NEW YORK, Oct. 18, 2019 /PRNewswire/ -- The Honorable Earle I. Mack, former United States Ambassador to Finland (2004 – 2005) will receive a National Arts Award from Americans for the Arts, a national arts advocacy organization based in Washington, D.C., for his lifelong commitment to elevating and increasing access to arts and culture around the United States. Hosted at Cipriani on October 21, Ambassador Mack will be presented with the 'Philanthropy in the Arts Award,' by former New York Governor George Pataki, given each year to an "individual with a demonstrable history of philanthropic giving to one or more major arts institutions." Past recipients of the award have included Paul G. Allen, Teresa Heinz Kerry, and Brooke Astor.