Mack-Cali Realty Corporation Co (NYSE:CLI):
Mack-Cali Realty Corporation Declares Quarterly Cash Dividend.
The company is now down from yesterday’s close of $28.28.
Mack-Cali Realty Corporation Co recently announced a dividend for shareholders paid on Friday the 15th of July 2016. The dividend was $0.150 per share for the quarter which comes to $0.60 on an annualized basis. The dividend yield was $2.16. The ex-dividend date was set for Friday the 1st of July 2016.
The stock is trading at $28.18 which is marginally over the 50 day moving average which is $27.58 and a tad above the 200 day moving average of $26.21. The 50 day moving average went up by +2.31% and the 200 day average was up $2.01.
As of the last earnings report the EPS was $-0.61 and is estimated to be $2.11 for the current year with 89,650,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $0.53 and the next full year EPS is projected to be $2.22.
A few investment firms have issued ratings on the company. On September 19 the stock rating was upgraded from “” to “Buy” in a statement from Evercore ISI Group. On August 25, 2016 BTIG Research started covering the stock with a rating of “Neutral”.
On July 19 Barclays held the company rating at “Hold” but raised the price expectation to $28.00 from $22.00. July 18 investment analysts at Deutsche Bank made no change to the company rating of “Hold” and moved up the price target from $25.00 to $28.00.
On July 7 Citigroup left the stock rating at “Buy” and raised the price expectation from $24.00 to $31.50. May 16 investment analysts at Deutsche Bank left the company rating at “Hold” and raised the price target from $22.00 to $25.00.