Mack-Cali Realty Corporation (CLI) Shares are Down -4.87%

Mack-Cali Realty Corporation (CLI) : During the past 4 weeks, traders have been relatively bearish on Mack-Cali Realty Corporation (CLI), hence the stock is down -2.34% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -5.37% relative to the S&P 500. The 4-week change in the price of the stock is -4.32% and the stock has fallen -4.87% in the past 1 week.

The stock has recorded a 20-day Moving Average of 5.05% and the 50-Day Moving Average is 4.92%.The 200 Day SMA reached 8.78% Mack-Cali Realty Corp. has dropped 1.93% during the last 3-month period . Year-to-Date the stock performance stands at 15.08%.


Mack-Cali Realty Corporation (CLI) : 5 investment research analysts covering Mack-Cali Realty Corporation (CLI) have an average price target of $28.2 for the near short term. The highest target price given by the Brokerage Firm to the stock is $30 and the lowest target is $27 for the short term. Analysts expect the variance to be within $1.1 of the average price.

Company shares have received an average consensus rating of Hold for the current week Mack-Cali Realty Corporation (NYSE:CLI): stock was range-bound between the intraday low of $26.11 and the intraday high of $26.515 after having opened at $26.38 on Fridays session. The stock finally closed in the red at $26.38, a loss of -0.30%. The stock remained in the red for the whole trading day. The total traded volume was 1,032,213 shares. The stock failed to cross $26.515 in Fridays trading. The stocks closing price on Thursday was $26.38.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.