Media stories about Mack-Cali Realty Corporation (NYSE:CLI) have trended somewhat positive on Wednesday, according to Accern Sentiment. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Mack-Cali Realty Corporation earned a news impact score of 0.12 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 46.7240007613092 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Mack-Cali Realty Corporation (CLI) Expected to Announce Quarterly Sales of $146.18 Million (americanbankingnews.com)
- Mack-Cali Realty Corp. breached its 50 day moving average in a Bearish Manner : CLI-US : November 20, 2017 (finance.yahoo.com)
- Mack-Cali Realty Corporation (CLI) Expected to Post Earnings of $0.54 Per Share (americanbankingnews.com)
- Mack-Cali Realty Corporation (CLI) Given Consensus Rating of “Hold” by Analysts (americanbankingnews.com)
Shares of Mack-Cali Realty Corporation (NYSE CLI) traded up $0.13 during trading hours on Wednesday, reaching $22.30. 599,400 shares of the company’s stock were exchanged, compared to its average volume of 574,026. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market capitalization of $1,993.40, a price-to-earnings ratio of 9.68, a PEG ratio of 1.68 and a beta of 1.21. Mack-Cali Realty Corporation has a one year low of $21.18 and a one year high of $29.70.
Mack-Cali Realty Corporation (NYSE:CLI) last issued its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.01). The business had revenue of $160.02 million for the quarter, compared to analysts’ expectations of $156.18 million. Mack-Cali Realty Corporation had a return on equity of 1.53% and a net margin of 4.14%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the company earned $0.60 earnings per share. equities analysts forecast that Mack-Cali Realty Corporation will post 2.27 earnings per share for the current fiscal year.
A number of research analysts have commented on CLI shares. Citigroup Inc. decreased their target price on shares of Mack-Cali Realty Corporation from $27.50 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, September 21st. Zacks Investment Research raised shares of Mack-Cali Realty Corporation from a “sell” rating to a “hold” rating in a research report on Monday, November 13th. ValuEngine cut shares of Mack-Cali Realty Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Evercore ISI reaffirmed an “outperform” rating and issued a $29.00 target price (down previously from $33.00) on shares of Mack-Cali Realty Corporation in a research report on Wednesday, August 9th. Finally, Stifel Nicolaus cut shares of Mack-Cali Realty Corporation from a “buy” rating to a “sell” rating in a research report on Wednesday, November 8th. Three analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $28.43.
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Mack-Cali Realty Corporation Company Profile
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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