Mack Cali Realty Corp (CLI) is Reiterated by Stifel to Buy, Raises Price Target to $ 28

Mack Cali Realty Corp (CLI) was Reiterated by Stifel to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 28 from a previous price target of $26 . Stifel advised their investors in a research report released on May 5, 2016.

On the company’s financial health, Mack Cali Realty Corp reported $0.49 EPS for the quarter, based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus estimate of $0.49.Analysts expectations of $ 151.75.During the same quarter in the previous year, the company posted $0.43 EPS.

Mack Cali Realty Corp closed down -0.49 points or -1.87% at $25.68 with 13,16,669 shares getting traded on Wednesday. Post opening the session at $26.01, the shares hit an intraday low of $25.63 and an intraday high of $26.29 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Feb 5, 2016, Ricardo Cardoso (EVP & Chief Investment Officer) purchased 23,000 shares at $19.54 per share price. According to the SEC, on Sep 30, 2015, Jonathan Litt (director) purchased 130,500 shares at $19.08 per share price.

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 and multi-family rental properties located primarily in the Northeast. The Company operates through three segments: commercial and other real estate multi-family real estate and multi-family services. It provides leasing property management acquisition development construction and tenant-related services for its commercial and other real estate and multi-family real estate portfolio. The Company holds interests in approximately 283 properties consisting of around 264 commercial properties totaling approximately 31.0 million square feet leased to approximately 2000 commercial tenants; around 19 multi-family rental properties containing 5484 residential units and developable land. The properties are located in seven states primarily in the Northeast and the District of Columbia.

Mack Cali Realty Corp

Leave a Reply

Mack Cali Realty Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Mack Cali Realty Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.