22.32 0.00 (0.00%)
After hours: 4:17PM EDT
|Bid||22.29 x 800|
|Ask||22.30 x 800|
|Day's Range||22.22 - 22.44|
|52 Week Range||18.23 - 23.78|
|Beta (3Y Monthly)||1.03|
|PE Ratio (TTM)||7.38|
|Earnings Date||Jul 30, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||0.80 (3.44%)|
|1y Target Est||22.00|
JERSEY CITY, N.J., May 22, 2019 /PRNewswire/ -- Mack-Cali Realty Corporation (CLI) (the "Company" or "Mack-Cali") today announced that it filed an investor presentation with the Securities and Exchange Commission in connection with the Company's 2019 Annual Meeting of Stockholders, scheduled for June 12, 2019 (the "Annual Meeting"). Mack-Cali stockholders of record as of the close of business on April 16, 2019 will be entitled to vote at the Annual Meeting. "We are making tremendous progress on our Waterfront strategy and portfolio transformation, which reinforces our strong belief that acceding to Bow Street's demand for an immediate sale process would fail to maximize value and harm all other Mack-Cali stockholders," said Michael J. DeMarco, Chief Executive Officer.
Highlights Decades-Long Underperformance, Mismanagement and Poor Corporate Governance; Meaningful Structural Change Overseen by Independent Directors is Required for Value Creation
JERSEY CITY, N.J., May 20, 2019 /PRNewswire/ -- Mack-Cali Realty Corporation (CLI) (the "Company" or "Mack-Cali") today issued a public statement in response to a letter dated May 17, 2019 from Bow Street Special Opportunities Fund XV, LP ("Bow Street") to William L. Mack, Chairman of the Mack-Cali Board of Directors, regarding recent settlement discussions between Mack-Cali and Bow Street relating to Bow Street's ongoing proxy contest. Mack-Cali believes it is important to set the record straight about Bow Street's deceptive and misleading portrayal of the circumstances in which the settlement discussions between the parties were terminated.
Mack-Cali Realty Corp NYSE:CLIView full report here! Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is low for CLI with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding CLI totaled $749 million. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. CLI credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
JERSEY CITY, N.J., May 7, 2019 /PRNewswire/ -- Mack-Cali Realty Corporation (CLI) (the "Company") today mailed a letter to its stockholders in connection with the Company's upcoming 2019 Annual Meeting of Stockholders, scheduled for June 12, 2019 (the "Annual Meeting"). Bow Street Special Opportunities Fund XV, LP ("Bow Street") and David Werner Real Estate Investments ("DWREI") approached Mack-Cali with a proposal to acquire the Company's suburban and waterfront office assets, hotel joint venture interests and retail assets at a price far below fair market value.
The co-owner of Station House, a 378-unit apartment building at 701 Second St. NE, faced scrutiny in 2018 for the misbehavior — to say the least — of short-term corporate renters. Leaseholders were furious, the Washington City Paper reported in July, over the “hordes of guests who use the property as a hotel and the Hill interns who are living there short-term, turning their luxury building into an epicenter, they say, of anything-goes drunken hedonism perpetrated by a rotating cast of characters looking to party.” The District's zoning administrator, on June 21, 2018, even moved to revoke the property’s certificate of occupancy. It hurt for a bit, Marshall Tycher, chairman of the board of Mack-Cali subsidiary Roseland Realty Trust, said during the company’s most recent earnings call.
NEW YORK, NY / ACCESSWIRE / May 2, 2019 / Mack-Cali Realty Corp. (NYSE: CLI ) will be discussing their earnings results in their 2019 First Quarter Earnings to be held on May 2, 2019 at 11:00 AM Eastern ...
Mack-Cali Realty's (CLI) first-quarter 2019 results indicate softness in its office portfolio. Further, decline in same-store cash net operating income disappoints.
JERSEY CITY, N.J. (AP) _ Mack-Cali Realty Corp. (CLI) on Wednesday reported a key measure of profitability in its first quarter. The results fell short of Wall Street expectations. The Jersey City, New Jersey-based real estate investment trust said it had funds from operations of $40.8 million, or 40 cents per share, in the period.
JERSEY CITY, N.J. , May 1, 2019 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today reported its results for the first quarter 2019. FIRST QUARTER 2019 HIGHLIGHTS - Reported net income of $2.66 ...
During the fourth quarter the Russell 2000 ETF (IWM) lagged the larger S&P 500 ETF (SPY) by nearly 7 percentage points as investors worried over the possible ramifications of rising interest rates. The hedge funds and institutional investors we track typically invest more in smaller-cap stocks than an average investor (i.e. only 298 S&P 500 […]
JERSEY CITY, N.J., April 29, 2019 /PRNewswire/ -- Mack-Cali Realty Corporation (CLI) (the "Company") today announced that it has filed definitive proxy materials, including its definitive proxy statement and white proxy card, with the U.S. Securities and Exchange Commission in connection with Mack-Cali's Annual Meeting of Stockholders, scheduled for June 12, 2019, (the "Annual Meeting"). Mack-Cali stockholders of record as of the close of business on April 16, 2019 will be entitled to vote at the Annual Meeting.
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