Mack-Cali Realty Corp. (NYSE:CLI) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $28.26 and last traded at $28.15, with a volume of 154,806 shares trading hands. The stock had previously closed at $28.02.

CLI has been the topic of several recent research reports. Citigroup Inc. lifted their price target on shares of Mack-Cali Realty Corp. from $29.50 to $31.50 and gave the company a “buy” rating in a research note on Thursday, July 7th. Deutsche Bank AG boosted their price objective on shares of Mack-Cali Realty Corp. from $22.00 to $25.00 and gave the stock a “hold” rating in a research note on Monday, May 16th. Zacks Investment Research lowered shares of Mack-Cali Realty Corp. from a “buy” rating to a “hold” rating in a research note on Monday, May 9th. Barclays PLC boosted their price objective on shares of Mack-Cali Realty Corp. from $21.00 to $22.00 and gave the stock an “underweight” rating in a research note on Wednesday, March 30th. Finally, Stifel Nicolaus boosted their price objective on shares of Mack-Cali Realty Corp. from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, May 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $25.28.

The company has a 50 day moving average of $26.74 and a 200 day moving average of $23.46. The company’s market capitalization is $2.52 billion.

Mack-Cali Realty Corp. (NYSE:CLI) last issued its earnings results on Wednesday, April 27th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.01. During the same period last year, the company earned $0.43 EPS. On average, analysts forecast that Mack-Cali Realty Corp. will post $2.08 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Wednesday, July 6th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Friday, July 1st.

Other hedge funds and institutional investors have added to or reduced their stakes in the company. Liberty Mutual Group Asset Management Inc. raised its position 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 during the period. ProShare Advisors LLC raised its position 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 during the period. Cornerstone Capital Management Holdings LLC. raised its position 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 during the period. Retirement Systems of Alabama raised its position 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 during the period. Finally, California State Teachers Retirement System raised its position 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 during the period.

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 located primarily in the Northeast. The Company’s segments include commercial and other real estate, multi-family real estate, multi-family services, and corporate & other.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.