Mack-Cali Realty (CLI) Earning Somewhat Positive Media Coverage, Report Finds

News coverage about Mack-Cali Realty (NYSE:CLI) has trended somewhat positive recently, according to Accern. The research group identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Mack-Cali Realty earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 46.7529326464969 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Mack-Cali Realty stock opened at $17.55 on Friday. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 7.87 and a beta of 1.15. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.54. Mack-Cali Realty has a twelve month low of $17.75 and a twelve month high of $18.02.

Mack-Cali Realty (NYSE:CLI) last released its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.50). The company had revenue of $143.53 million during the quarter, compared to analyst estimates of $146.18 million. Mack-Cali Realty had a net margin of 7.66% and a return on equity of 2.76%. equities research analysts forecast that Mack-Cali Realty will post 1.85 earnings per share for the current year.

Several equities research analysts recently commented on CLI shares. TheStreet downgraded shares of Mack-Cali Realty from a “c” rating to a “d+” rating in a research report on Tuesday, February 27th. ValuEngine downgraded shares of Mack-Cali Realty from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Barclays reduced their price target on shares of Mack-Cali Realty from $24.00 to $21.00 and set an “underweight” rating for the company in a research report on Tuesday, January 30th. Zacks Investment Research upgraded shares of Mack-Cali Realty from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 10th. Finally, Stifel Nicolaus upgraded shares of Mack-Cali Realty from a “sell” rating to a “hold” rating in a research report on Monday, February 26th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $25.83.

In related news, CFO David J. Smetana acquired 5,800 shares of the company’s stock in a transaction on Tuesday, March 6th. The shares were purchased at an average price of $16.86 per share, for a total transaction of $97,788.00. Following the purchase, the chief financial officer now owns 5,800 shares in the company, valued at $97,788. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.80% of the stock is currently owned by corporate insiders.

About Mack-Cali Realty

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.

Insider Buying and Selling by Quarter for Mack-Cali Realty (NYSE:CLI)

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