Zacks Investment Research downgraded Mack Cali Realty Corp (NYSE:CLI) to Hold in a report released today.
- Updated: December 1, 2016
Just yesterday Mack Cali Realty Corp (NYSE:CLI) traded -1.35% lower at $26.67. Mack Cali Realty Corp’s 50-day moving average is $26.02 and its 200-day moving average is $26.86. The last closing price is down -0.66% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 202,769 shares of the stock were exchanged, down from an average trading volume of 592,855
Zacks Investment Research has downgraded Mack Cali Realty Corp (NYSE:CLI) to Hold in a report released on 12/1/2016.
Previously on 02/26/2016, Suntrust Robinson reported on Mack Cali Realty Corp (NYSE:CLI) reduced the target price from $23.00 to $22.00. At the time, this indicated a possible upside of 0.09%.
Recent Performance Chart
Mack Cali Realty Corp has PE ratio of 34.12 with a one year low of $17.35 and a one year high of $29.25 and has a market capitalization of $0.
A total of 8 equity analysts have released a ratings update on Mack Cali Realty Corp. Two analysts rating the company a strong buy, 0 firms rating the stock a buy, 4 brokerages rating the stock a hold, 2 brokerages rating the stock a underperform, and finally 0 brokers rating the stock a sell with a average stock price target of $26.94.
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, the Properties).
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