Mack Cali Realty Corp (NYSE:CLI) Director Nathan Gantcher purchased 25,000 shares of the business’s stock in a transaction on Thursday, June 21st. The shares were bought at an average price of $20.60 per share, for a total transaction of $515,000.00. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.
Nathan Gantcher also recently made the following trade(s):
- On Thursday, June 14th, Nathan Gantcher purchased 25,000 shares of Mack Cali Realty stock. The shares were bought at an average price of $19.72 per share, for a total transaction of $493,000.00.
Mack Cali Realty opened at $20.68 on Friday, according to Marketbeat.com. Mack Cali Realty Corp has a one year low of $15.86 and a one year high of $28.22. The stock has a market capitalization of $1.85 billion, a PE ratio of 9.44 and a beta of 1.21. 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 (NYSE:CLI) last released its quarterly earnings data on Wednesday, May 2nd. The real estate investment trust reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). Mack Cali Realty had a net margin of 7.66% and a return on equity of 2.76%. The business had revenue of $138.97 million during the quarter, compared to analysts’ expectations of $134.47 million. During the same quarter in the previous year, the company posted $0.56 EPS. The company’s revenue was down 7.3% compared to the same quarter last year. research analysts expect that Mack Cali Realty Corp will post 1.82 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Stockholders of record on Tuesday, July 3rd will be issued a $0.20 dividend. The ex-dividend date is Monday, July 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.87%. Mack Cali Realty’s payout ratio is currently 35.87%.
Several brokerages have weighed in on CLI. Barclays restated an “average” rating on shares of Mack Cali Realty in a report on Thursday, June 14th. TheStreet upgraded Mack Cali Realty from a “d+” rating to a “c-” rating in a report on Monday, May 14th. Zacks Investment Research upgraded Mack Cali Realty from a “strong sell” rating to a “hold” rating in a report on Thursday, May 10th. ValuEngine downgraded Mack Cali Realty from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Finally, Citigroup dropped their price objective on Mack Cali Realty from $23.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, March 5th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $25.20.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of Mack Cali Realty by 1.5% in the 1st quarter. BlackRock Inc. now owns 12,199,991 shares of the real estate investment trust’s stock valued at $203,865,000 after acquiring an additional 180,544 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Mack Cali Realty by 38.9% during the 4th quarter. Bank of New York Mellon Corp now owns 7,706,319 shares of the real estate investment trust’s stock worth $166,147,000 after buying an additional 2,158,064 shares during the last quarter. Centersquare Investment Management LLC purchased a new position in Mack Cali Realty during the 1st quarter worth approximately $96,338,000. Renaissance Technologies LLC grew its stake in Mack Cali Realty by 28.1% during the 4th quarter. Renaissance Technologies LLC now owns 2,751,800 shares of the real estate investment trust’s stock worth $59,329,000 after buying an additional 603,800 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Mack Cali Realty by 2.3% during the 1st quarter. Northern Trust Corp now owns 2,646,236 shares of the real estate investment trust’s stock worth $44,219,000 after buying an additional 58,853 shares during the last quarter. Institutional investors and hedge funds own 96.82% of the company’s stock.
About Mack Cali Realty
Mack-Cali Realty Corporation is a fully integrated, self-administered, self-managed real estate investment trust (REIT) providing management, leasing, development, and other tenant-related services for its two-platform operations of waterfront and transit-based office and luxury multi-family assets. Mack-Cali provides its tenants and residents with the most innovative communities that empower them to re-imagine the way they work and live.
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