Mack Cali Realty (CLI) Price Target Cut to $21.00 by Analysts at Barclays

Mack Cali Realty (NYSE:CLI) had its target price reduced by Barclays from $24.00 to $21.00 in a research report released on Tuesday, January 30th. Barclays currently has an underweight rating on the real estate investment trust’s stock.

A number of other analysts have also recently weighed in on the company. Stifel Nicolaus cut Mack Cali Realty from a buy rating to a sell rating in a research report on Wednesday, November 8th. Zacks Investment Research raised Mack Cali Realty from a sell rating to a hold rating in a research report on Monday, November 13th. SunTrust Banks set a $28.00 price objective on Mack Cali Realty and gave the stock a buy rating in a research report on Monday, January 22nd. Finally, ValuEngine raised Mack Cali Realty from a hold rating to a buy rating in a research report on Friday, December 1st. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $27.17.

Shares of Mack Cali Realty (NYSE:CLI) opened at $18.35 on Tuesday. Mack Cali Realty has a 12-month low of $18.12 and a 12-month high of $29.70. The stock has a market capitalization of $1,650.00, a price-to-earnings ratio of 79.78, a P/E/G ratio of 2.63 and a beta of 1.07. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.69.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Teachers Retirement System of The State of Kentucky grew its position in Mack Cali Realty by 0.6% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 16,080 shares of the real estate investment trust’s stock worth $436,000 after acquiring an additional 100 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Mack Cali Realty by 5.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,039 shares of the real estate investment trust’s stock worth $109,000 after acquiring an additional 200 shares during the last quarter. Amalgamated Bank grew its position in Mack Cali Realty by 2.5% during the 2nd quarter. Amalgamated Bank now owns 12,859 shares of the real estate investment trust’s stock worth $349,000 after acquiring an additional 308 shares during the last quarter. UBS Asset Management Americas Inc. grew its position in Mack Cali Realty by 0.8% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 199,875 shares of the real estate investment trust’s stock worth $5,425,000 after acquiring an additional 1,550 shares during the last quarter. Finally, Riverhead Capital Management LLC lifted its holdings in Mack Cali Realty by 107.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,353 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 2,253 shares in the last quarter. Institutional investors and hedge funds own 98.00% of the company’s stock.

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About Mack Cali Realty

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. It operates in three segments: commercial and other real estate, multi-family real estate and multi-family services.

Analyst Recommendations for Mack Cali Realty (NYSE:CLI)

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