Mack Cali Realty Corp (NYSE:CLI) target bumped up to $32.00, released a report earlier today by Zacks Investment Research
- Updated: January 11, 2017
Indicating a possible upside of 0.13%, Zacks Investment Research raised the target price of Mack Cali Realty Corp (NYSE:CLI) to $32.00
Boasting a price of $28.24, Mack Cali Realty Corp (NYSE:CLI) traded -1.07% lower on the day. With the last stock price close up 3.51% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.04% over the same time period. The company has recorded a 50-day moving average of $28.10 and a 200-day moving average of $27.28. 151,679 shares of the stock traded hands, down from an average trading volume of 547,206
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Mack Cali Realty Corp has a 52 week low of $17.35 and a 52 week high of $29.38 with a P/E ratio of 36.11 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 8 brokers have issued a report on Mack Cali Realty Corp. The 12-month price target is $26.94 with two analysts rating the company a strong buy, zero analysts rating the company a buy, four analysts rating the company a hold, two analysts rating the company a underperform, and lastly zero analysts rating the company a sell.
General Company Details For 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, the Properties).
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