Mack Cali Realty (NYSE:CLI) Earns Buy Rating from BTIG Research
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.
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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