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

Several equities analysts recently weighed in on CLI shares. Deutsche Bank AG boosted their price objective on Mack-Cali Realty Corp. from $22.00 to $25.00 and gave the stock a “hold” rating in a research report on Monday, May 16th. Zacks Investment Research raised Mack-Cali Realty Corp. from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Tuesday, May 31st. Stifel Nicolaus boosted their price objective 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. Citigroup Inc. boosted their price objective on Mack-Cali Realty Corp. from $29.50 to $31.50 and gave the stock a “buy” rating in a research report on Thursday, July 7th. Finally, Barclays PLC boosted their price objective on Mack-Cali Realty Corp. from $26.00 to $28.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $26.28.

The firm’s 50 day moving average is $27.40 and its 200-day moving average is $23.96. The company’s market cap is $2.53 billion.

Mack-Cali Realty Corp. (NYSE:CLI) last announced its quarterly earnings data on Wednesday, April 27th. The real estate investment trust reported $0.48 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.01. During the same quarter in the prior year, the company posted $0.43 earnings per share. Equities research analysts predict that Mack-Cali Realty Corp. will post $2.08 earnings per share for the current year.

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

Other institutional investors recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of 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 during the last quarter. Systematic Financial Management LP boosted its position in shares of 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 during the last quarter. Bank of Montreal Can boosted its position in shares of Mack-Cali Realty Corp. by 679.1% in the fourth quarter. Bank of Montreal Can now owns 185,290 shares of the real estate investment trust’s stock valued at $4,327,000 after buying an additional 161,506 shares during the last quarter. State of Tennessee Treasury Department bought a new position in shares of Mack-Cali Realty Corp. during the fourth quarter valued at $1,401,000. Finally, Advantus Capital Management Inc boosted its position in shares of 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 during 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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