Mack-Cali Realty (NYSE:CLI) has been upgraded from Hold to Buy in a statement by Evercore ISI earlier today.
- Updated: September 19, 2016
Evercore ISI has upgraded Mack-Cali Realty(NYSE:CLI) from Hold to Buy in a statement released on 9/19/2016.
Previously on 9/16/2016, Zacks Investment Research released a statement for Mack-Cali Realty(NYSE:CLI) upped the target price from $0.00 to $30.00. At the time, this suggested an upside of 0.14%.
Displaying a price of $26.38, Mack-Cali Realty (NYSE:CLI) traded 0.00% even on the day. With the last stock price up 2.20% relative to the two hundred day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. The company has logged a 50-day average of $27.76 and two hundred day moving average of $25.81. Volume of trade was was down over the average, with 0 shares of CLI changing hands under the typical 592,459 shares.
Mack-Cali Realty has a one-year low of $17.35 and a 52 week high of $29.25 and has a total market value of $0.0.
A total of 8 analysts have reported on CLI. Two firms rate the stock a strong buy, 0 rate the company a buy, four firms rate the stock a hold, two analysts rate the stock to underperform, and lastly 0 brokeragesrate the company as sell with a consensus target price of $26.94
More About Mack-Cali Realty (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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