Mack-Cali Realty Corp. (NYSE:CLI) traded down 1.7% during mid-day trading on Wednesday . The company traded as low as $26.20 and last traded at $26.31, with a volume of 202,918 shares changing hands. The stock had previously closed at $26.76.

A number of research analysts have recently commented on the stock. Barclays PLC boosted their price target on shares of Mack-Cali Realty Corp. from $26.00 to $28.00 and gave the company an “underweight” rating in a research report on Tuesday, July 19th. Zacks Investment Research lowered shares of Mack-Cali Realty Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, August 9th. BTIG Research assumed coverage on shares of Mack-Cali Realty Corp. in a research report on Thursday, August 25th. They set a “neutral” rating for the company. Evercore ISI upgraded shares of Mack-Cali Realty Corp. from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Citigroup Inc. boosted 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 report on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $27.31.

The stock has a 50-day moving average of $27.56 and a 200 day moving average of $26.03. The company’s market capitalization is $2.44 billion.

Mack-Cali Realty Corp. (NYSE:CLI) last released its quarterly earnings results on Tuesday, August 2nd. The real estate investment trust reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.02. Mack-Cali Realty Corp. had a negative net margin of 8.07% and a negative return on equity of 2.79%. The business had revenue of $149.23 million for the quarter, compared to the consensus estimate of $156.82 million. During the same period last year, the firm earned $0.46 earnings per share. Equities research analysts predict that Mack-Cali Realty Corp. will post $2.11 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. increased its position in Mack-Cali Realty Corp. by 59.4% in the second quarter. Macquarie Group Ltd. now owns 1,670,624 shares of the real estate investment trust’s stock valued at $45,107,000 after buying an additional 622,877 shares during the last quarter. Mason Street Advisors LLC acquired a new position in Mack-Cali Realty Corp. during the second quarter valued at $1,104,000. Royal Bank of Canada increased its position in Mack-Cali Realty Corp. by 192.6% in the second quarter. Royal Bank of Canada now owns 44,393 shares of the real estate investment trust’s stock valued at $1,198,000 after buying an additional 29,221 shares during the last quarter. Stifel Financial Corp increased its position in Mack-Cali Realty Corp. by 3.2% in the second quarter. Stifel Financial Corp now owns 22,402 shares of the real estate investment trust’s stock valued at $605,000 after buying an additional 697 shares during the last quarter. Finally, Amalgamated Bank increased its position in Mack-Cali Realty Corp. by 11.1% in the second quarter. Amalgamated Bank now owns 11,090 shares of the real estate investment trust’s stock valued at $302,000 after buying an additional 1,109 shares during the last quarter.

Mack-Cali Realty Corp. Company Profile

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.

5 Day Chart for NYSE:CLI

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