Mack-Cali Realty Corp. (NYSE:CLI) reached a new 52-week high during trading on Friday . The company traded as high as $28.62 and last traded at $28.29, with a volume of 195,690 shares trading hands. The stock had previously closed at $28.10.

CLI has been the topic of several research analyst reports. Zacks Investment Research upgraded Mack-Cali Realty Corp. from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a report on Friday, May 6th. Barclays PLC lifted their price objective on Mack-Cali Realty Corp. from $26.00 to $28.00 and gave the stock an “underweight” rating in a report on Tuesday, July 19th. Stifel Nicolaus lifted their price objective on 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 lifted their price objective on Mack-Cali Realty Corp. from $22.00 to $25.00 and gave the stock a “hold” rating in a report on Monday, May 16th. Finally, Citigroup Inc. lifted their price objective on 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 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. The company presently has an average rating of “Hold” and an average price target of $26.28.

The firm has a 50-day moving average price of $27.36 and a 200-day moving average price of $23.91. The firm’s market cap is $2.53 billion.

Mack-Cali Realty Corp. (NYSE:CLI) last posted its quarterly earnings results 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 firm earned $0.43 EPS. On average, equities research analysts predict that Mack-Cali Realty Corp. will post $2.08 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Wednesday, July 6th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, July 1st. This represents a $0.60 annualized dividend and a yield of 2.13%.

A number of hedge funds and institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Mack-Cali Realty Corp. by 8.6% in the fourth quarter. Vanguard Group Inc. now owns 12,622,433 shares of the real estate investment trust’s stock valued at $294,733,000 after buying an additional 994,540 shares in the last quarter. Victory Capital Management Inc. boosted its position in Mack-Cali Realty Corp. by 1.2% in the fourth quarter. Victory Capital Management Inc. now owns 2,295,669 shares of the real estate investment trust’s stock valued at $53,604,000 after buying an additional 27,012 shares in the last quarter. Advantus Capital Management Inc boosted its position in Mack-Cali Realty Corp. by 11.4% in the fourth quarter. Advantus Capital Management Inc now owns 474,908 shares of the real estate investment trust’s stock valued at $11,089,000 after buying an additional 48,408 shares in the last quarter. Systematic Financial Management LP boosted its position in Mack-Cali Realty Corp. by 171.0% in the fourth quarter. Systematic Financial Management LP now owns 308,928 shares of the real estate investment trust’s stock valued at $7,213,000 after buying an additional 194,933 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Mack-Cali Realty Corp. by 2.0% in the fourth quarter. Principal Financial Group Inc. now owns 286,590 shares of the real estate investment trust’s stock valued at $6,692,000 after buying an additional 5,591 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 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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