A statement released earlier today by Zacks Investment Research about Mack Cali Realty Corp (NYSE:CLI) bumps the target price to $30.00
- Updated: September 16, 2016
Showing a price of $26.36, Mack Cali Realty Corp (NYSE:CLI) traded 0.68% lower on the day. The last stock price close is up 1.78% relative to the 200-day moving average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Mack Cali Realty Corp has been tracking to a 50-day moving average of $27.69 and two hundred day average of $25.82. 348,203 shares of the stock exchanged hands, down from ann average trading volume of 608,294
Mack Cali Realty Corp (NYSE:CLI) had its target price bumped up to $30 by Zacks Investment Research in a report released Friday September 16 2016. The latest target price indicates a potential upside of 0.14% from the company’s most recent stock close price.
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In addition to Zacks Investment Research reporting it’s target price, a total of 8 equity analysts have reported on the stock. The consensus target is $26.94 with two analysts rating the company a strong buy, 0 rating the stock a buy, four analysts rating the stock a hold, two analysts rating the stock to underperform, and lastly 0 brokerages rating the company as sell.
Mack Cali Realty Corp has a one-year low of $17.35 and a 52 week high of $29.25 . Mack Cali Realty Corp’s total market value is presently $0.0.
General Information About Mack Cali Realty Corp (NYSE:CLI)
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 properties located primarily in the Northeast. The Company’s segments include commercial and other real estate, multi-family real estate, multi-family services, and corporate & other. 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 owns or has interests in approximately 270 properties, consisting of approximately 150 office and over 110 flex properties, totaling approximately 29.9 million square feet, leased to approximately 1, 900 commercial tenants and over 20 multi-family rental properties containing approximately 5, 640 residential units, plus developable land (collectively, and the Properties).
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