Shares of Mack Cali Realty Corp (NYSE:CLI) have received a consensus recommendation of “Hold” from the nine brokerages that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $20.25.
CLI has been the subject of several analyst reports. Zacks Investment Research lowered Mack Cali Realty from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 6th. ValuEngine upgraded Mack Cali Realty from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. Finally, SunTrust Banks cut Mack Cali Realty from a “buy” rating to a “hold” rating in a research report on Tuesday, January 15th.
NYSE:CLI traded up $0.07 on Tuesday, hitting $21.08. 274,402 shares of the company’s stock traded hands, compared to its average volume of 449,850. The stock has a market cap of $1.90 billion, a PE ratio of 9.45 and a beta of 1.14. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.71 and a quick ratio of 0.71. Mack Cali Realty has a 1 year low of $15.86 and a 1 year high of $22.26.
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.
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