Mack-Cali Realty Corp. (NYSE:CLI)’s share price rose 1.5% during trading on Tuesday . The stock traded as high as $27.57 and last traded at $27.44, with a volume of 253,426 shares changing hands. The stock had previously closed at $27.04.

CLI has been the topic of several research analyst reports. Zacks Investment Research downgraded Mack-Cali Realty Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, March 15th. Deutsche Bank AG dropped their price target on Mack-Cali Realty Corp. from $23.00 to $22.00 and set a “hold” rating on the stock in a research report on Monday, March 21st. Barclays PLC increased their price target on Mack-Cali Realty Corp. from $21.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday, March 30th. Finally, Stifel Nicolaus increased their price target on Mack-Cali Realty Corp. from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, May 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $24.44.

The company’s market cap is $2.49 billion. The firm’s 50 day moving average price is $26.49 and its 200 day moving average price is $23.36.

Mack-Cali Realty Corp. (NYSE:CLI) last announced its quarterly earnings data on Wednesday, April 27th. The real estate investment trust reported $0.48 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by $0.01. During the same period in the previous year, the firm posted $0.43 earnings per share. On average, analysts expect that Mack-Cali Realty Corp. will post $2.08 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Wednesday, July 6th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, July 1st. This represents a $0.60 dividend on an annualized basis and a yield of 2.16%.

Other large investors have bought and sold shares of the company. Liberty Mutual Group Asset Management Inc. increased its stake in Mack-Cali Realty Corp. by 51.3% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 57,425 shares of the real estate investment trust’s stock worth $1,341,000 after buying an additional 19,481 shares in the last quarter. ProShare Advisors LLC increased its stake in Mack-Cali Realty Corp. by 20.2% in the fourth quarter. ProShare Advisors LLC now owns 60,635 shares of the real estate investment trust’s stock worth $1,416,000 after buying an additional 10,180 shares in the last quarter. Cornerstone Capital Management Holdings LLC. increased its stake in Mack-Cali Realty Corp. by 72.2% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 96,762 shares of the real estate investment trust’s stock worth $2,259,000 after buying an additional 40,562 shares in the last quarter. Retirement Systems of Alabama increased its stake in Mack-Cali Realty Corp. by 1.6% in the fourth quarter. Retirement Systems of Alabama now owns 114,762 shares of the real estate investment trust’s stock worth $2,680,000 after buying an additional 1,778 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake in Mack-Cali Realty Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 165,168 shares of the real estate investment trust’s stock worth $3,857,000 after buying an additional 2,585 shares in the last quarter.

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 and multi-family rental properties located primarily in the Northeast. The Company operates through three segments: commercial and other real estate, multi-family real estate and multi-family services.

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