Mack Cali Realty (NYSE:CLI) is set to announce its earnings results before the market opens on Monday, August 3rd. Analysts expect the company to announce earnings of $0.31 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.
Mack Cali Realty (NYSE:CLI) last posted its earnings results on Wednesday, May 6th. The real estate investment trust reported ($0.47) EPS for the quarter, missing the consensus estimate of $0.37 by ($0.84). Mack Cali Realty had a negative return on equity of 2.99% and a negative net margin of 40.73%. The firm had revenue of $82.06 million during the quarter, compared to the consensus estimate of $124.18 million. During the same quarter last year, the company posted $0.40 EPS. On average, analysts expect Mack Cali Realty to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
NYSE CLI opened at $14.42 on Friday. Mack Cali Realty has a 52 week low of $12.90 and a 52 week high of $24.09. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.76. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of -6.58, a price-to-earnings-growth ratio of 2.92 and a beta of 1.19. The company has a 50-day moving average price of $15.12 and a two-hundred day moving average price of $17.33.
The company also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 13th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 5.55%. The ex-dividend date was Friday, July 10th. Mack Cali Realty’s dividend payout ratio (DPR) is 49.38%.
Several research analysts have commented on CLI shares. JPMorgan Chase & Co. decreased their target price on shares of Mack Cali Realty from $20.00 to $17.00 and set an “underweight” rating for the company in a research report on Tuesday, May 5th. Citigroup decreased their price objective on shares of Mack Cali Realty from $24.00 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. TheStreet cut shares of Mack Cali Realty from a “c” rating to a “d+” rating in a report on Thursday, May 7th. Deutsche Bank decreased their price objective on shares of Mack Cali Realty from $22.00 to $20.00 and set a “buy” rating for the company in a report on Monday, July 20th. Finally, SunTrust Banks decreased their price objective on shares of Mack Cali Realty from $16.00 to $15.00 and set a “hold” rating for the company in a report on Monday, May 18th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.00.
Mack Cali Realty Company Profile
One of the country's leading real estate investment trusts (REITs), Mack-Cali Realty Corporation is an owner, manager and developer of premier office and multifamily properties in select waterfront and transit-oriented markets throughout the Northeast. Mack-Cali is headquartered in Jersey City, New Jersey, and is the visionary behind the city's flourishing waterfront, where the company is leading development, improvement and place-making initiatives for Harborside, a master-planned destination comprised of class A office, luxury apartments, diverse retail and restaurants, and public spaces.
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