Mack-Cali Realty Corporation (CLI) Earns News Sentiment Score of 0.10

News stories about Mack-Cali Realty Corporation (NYSE:CLI) have been trending somewhat positive on Tuesday, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mack-Cali Realty Corporation earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 46.4842791195537 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Several analysts have issued reports on the stock. Barclays PLC reissued a “sell” rating and issued a $28.00 price objective (down previously from $29.00) on shares of Mack-Cali Realty Corporation in a research note on Tuesday. BidaskClub downgraded shares of Mack-Cali Realty Corporation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Deutsche Bank AG raised their price objective on shares of Mack-Cali Realty Corporation from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Thursday, May 25th. Finally, Zacks Investment Research downgraded shares of Mack-Cali Realty Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, March 29th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Mack-Cali Realty Corporation currently has a consensus rating of “Hold” and a consensus target price of $30.17.

Shares of Mack-Cali Realty Corporation (CLI) traded down 1.01% during mid-day trading on Tuesday, reaching $26.41. 315,240 shares of the company’s stock traded hands. Mack-Cali Realty Corporation has a 12-month low of $24.59 and a 12-month high of $29.70. The company’s 50-day moving average price is $27.35 and its 200-day moving average price is $27.81. The stock has a market capitalization of $2.37 billion, a PE ratio of 36.58 and a beta of 1.17.

Mack-Cali Realty Corporation (NYSE:CLI) last announced its earnings results on Tuesday, May 9th. The real estate investment trust reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.57 by $0.01. Mack-Cali Realty Corporation had a return on equity of 3.77% and a net margin of 10.66%. The business had revenue of $149.90 million for the quarter, compared to analysts’ expectations of $151.22 million. During the same period in the previous year, the company earned $0.69 earnings per share. Mack-Cali Realty Corporation’s quarterly revenue was down 2.0% on a year-over-year basis. Analysts anticipate that Mack-Cali Realty Corporation will post $0.23 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Thursday, July 6th were paid a dividend of $0.20 per share. This is an increase from Mack-Cali Realty Corporation’s previous quarterly dividend of $0.15. This represents a $0.80 annualized dividend and a yield of 3.03%. The ex-dividend date was Monday, July 3rd. Mack-Cali Realty Corporation’s dividend payout ratio is presently 111.11%.

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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.