Mack-Cali Realty Corp. (NYSE:CLI)’s share price reached a new 52-week high 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.

Several research firms have weighed in on CLI. Zacks Investment Research upgraded shares of Mack-Cali Realty Corp. from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Friday, May 6th. Stifel Nicolaus lifted their price target on shares of Mack-Cali Realty Corp. from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, May 5th. Deutsche Bank AG lowered their price target on shares of Mack-Cali Realty Corp. from $23.00 to $22.00 and set a “hold” rating for the company in a report on Monday, March 21st. Barclays PLC lifted their price target on shares of Mack-Cali Realty Corp. from $21.00 to $22.00 and gave the stock an “underweight” rating in a report on Wednesday, March 30th. Finally, Citigroup Inc. lifted their price target on shares of Mack-Cali Realty Corp. from $29.50 to $31.50 and gave the stock a “buy” rating in a report on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $25.28.

The company’s market capitalization is $2.53 billion. The stock’s 50 day moving average price is $26.90 and its 200-day moving average price is $23.53.

Mack-Cali Realty Corp. (NYSE:CLI) last released its quarterly earnings data on Wednesday, April 27th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by $0.01. During the same period in the previous year, the business posted $0.43 earnings per share. Analysts anticipate 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. Shareholders of record on Wednesday, July 6th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, July 1st. This represents a $0.60 annualized dividend and a yield of 2.13%.

A number of hedge funds and institutional investors recently 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 valued at $1,341,000 after buying an additional 19,481 shares in the last quarter. 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 valued at $1,416,000 after buying an additional 10,180 shares in the last quarter. Cornerstone Capital Management Holdings LLC. raised its stake in shares of 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 stake in shares of 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 stake in shares of 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.

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