Mack-Cali Realty Corp. (NYSE:CLI)’s share price traded down 1.5% during mid-day trading on Thursday . The company traded as low as $26.93 and last traded at $27.15, with a volume of 360,890 shares traded. The stock had previously closed at $27.56.

A number of brokerages have weighed in on CLI. Zacks Investment Research lowered Mack-Cali Realty Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday. Stifel Nicolaus boosted their target price on Mack-Cali Realty Corp. from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, August 5th. Barclays PLC boosted their target price 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. Deutsche Bank AG boosted their target price on Mack-Cali Realty Corp. from $25.00 to $28.00 and gave the stock a “hold” rating in a research report on Monday, July 18th. Finally, Citigroup Inc. boosted their target price 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. Mack-Cali Realty Corp. currently has a consensus rating of “Hold” and a consensus target price of $26.50.

The firm’s market capitalization is $2.43 billion. The company’s 50 day moving average is $27.57 and its 200-day moving average is $24.42.

Mack-Cali Realty Corp. (NYSE:CLI) last issued its quarterly earnings data on Tuesday, August 2nd. The real estate investment trust reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. The company had revenue of $149.23 million for the quarter, compared to the consensus estimate of $156.82 million. During the same period in the previous year, the business earned $0.46 EPS. On average, equities research analysts expect that Mack-Cali Realty Corp. will post $2.10 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Wednesday, July 6th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Friday, July 1st.

Other large investors recently modified their holdings of the company. Principal Financial Group Inc. increased its stake in shares of 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 worth $6,692,000 after buying an additional 5,591 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased 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 last quarter. State of Tennessee Treasury Department bought a new stake in shares of Mack-Cali Realty Corp. during the fourth quarter worth $1,401,000. Bank of Montreal Can increased its stake 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 worth $4,327,000 after buying an additional 161,506 shares during the last quarter. Finally, Systematic Financial Management LP increased its stake 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 worth $7,213,000 after buying an additional 194,933 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.

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.