Mack-Cali Realty Corporation (CLI) : The consensus on Mack-Cali Realty Corporation (CLI) based on 5 analyst recommendation on the company stock is 3.2, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Mack-Cali Realty Corporation (CLI).
Mack-Cali Realty Corporation (CLI) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $30 and the lowest price target forecast is $26. The average forecast of all the analysts is $28 and the expected standard deviation is $1.41.
Shares of Mack-Cali Realty Corp. appreciated by 4.14% during the last five trading days but lost 1.27% on a 4-week basis. Mack-Cali Realty Corp. is up 7.91% in the last 3-month period. Year-to-Date the stock performance stands at 21.66%. Mack-Cali Realty Corporation (NYSE:CLI): stock turned positive on Tuesday. Though the stock opened at $27.82, the bulls momentum made the stock top out at $28.25 level for the day. The stock recorded a low of $27.63 and closed the trading day at $27.89, in the green by 1.01%. The total traded volume for the day was 436,666. The stock had closed at $27.61 in the previous days trading.
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 2,000 commercial tenants; around 19 multi-family rental properties containing 5,484 residential units, and developable land. The properties are located in seven states, primarily in the Northeast, and the District of Columbia.