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.