Mack Cali Realty (NYSE:CLI)‘s stock had its “buy” rating reissued by research analysts at BTIG Research in a research report issued on Thursday, Marketbeat reports. They currently have a $30.00 price objective on the real estate investment trust’s stock, up from their previous price objective of $26.00. BTIG Research’s price objective points to a potential upside of 24.58% from the stock’s previous close.

Other analysts also recently issued reports about the company. Zacks Investment Research raised Mack Cali Realty from a “sell” rating to a “hold” rating and set a $19.00 price target for the company in a report on Tuesday, May 28th. Deutsche Bank lifted their price target on Mack Cali Realty from $21.00 to $23.00 and gave the stock a “hold” rating in a report on Wednesday, April 10th. TheStreet raised Mack Cali Realty from a “c” rating to a “b-” rating in a report on Monday, May 6th. Finally, Stifel Nicolaus raised Mack Cali Realty from a “hold” rating to a “buy” rating and set a $21.73 price target for the company in a report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Mack Cali Realty has an average rating of “Hold” and a consensus target price of $21.96.

Shares of NYSE CLI opened at $24.08 on Thursday. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 13.16 and a beta of 1.05. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.38. Mack Cali Realty has a 1 year low of $18.74 and a 1 year high of $24.88.

Institutional investors and hedge funds have recently bought and sold shares of the company. Metropolitan Life Insurance Co. NY increased its position in shares of Mack Cali Realty by 66.0% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 57,921 shares of the real estate investment trust’s stock worth $1,135,000 after purchasing an additional 23,024 shares in the last quarter. Arizona State Retirement System increased its position in shares of Mack Cali Realty by 1.1% during the fourth quarter. Arizona State Retirement System now owns 64,826 shares of the real estate investment trust’s stock worth $1,270,000 after purchasing an additional 701 shares in the last quarter. BlackRock Inc. increased its position in shares of Mack Cali Realty by 1.5% during the fourth quarter. BlackRock Inc. now owns 13,220,528 shares of the real estate investment trust’s stock worth $258,991,000 after purchasing an additional 192,343 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of Mack Cali Realty by 9.5% during the fourth quarter. Hsbc Holdings PLC now owns 14,450 shares of the real estate investment trust’s stock worth $283,000 after purchasing an additional 1,249 shares in the last quarter. Finally, Dupont Capital Management Corp acquired a new stake in shares of Mack Cali Realty during the fourth quarter worth about $159,000. Institutional investors and hedge funds own 92.72% of the company’s stock.

Mack Cali Realty Company Profile

One of the country's leading real estate investment trusts (REITs), Mack-Cali Realty Corporation is an owner, manager and developer of premier office and multifamily properties in select waterfront and transit-oriented markets throughout the Northeast. Mack-Cali is headquartered in Jersey City, New Jersey, and is the visionary behind the city's flourishing waterfront, where the company is leading development, improvement and place-making initiatives for Harborside, a master-planned destination comprised of class A office, luxury apartments, diverse retail and restaurants, and public spaces.

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Analyst Recommendations for Mack Cali Realty (NYSE:CLI)

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