Mack-Cali Realty Corporation Co (NYSE:CLI):
Mack-Cali Realty Corporation Announces Change To Board Of Directors.
The company is now down by -0.99 percent from yesterday’s close.
The company declared a dividend for shareholders that was paid on Friday July 15th, 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 Friday the 1st of July 2016.
Shares are trading at $28.00 which is marginally over $27.58, the 50 day moving average and which is just over the 200 day moving average of $26.21. The 50 day moving average went up by +1.59% and the 200 day average was up $1.81.
As of the latest earnings report the EPS was $-0.61 and is estimated to be $2.11 for the current year with 89,650,000 shares now outstanding. Analysts expect next quarter’s EPS to be $0.53 and the next full year EPS is projected to be $2.22.
Several analysts have released opinions on CLI recently. On September 19 the company was upgraded from “” to “Buy” by Evercore ISI Group. On August 25, 2016 BTIG Research initiated coverage on CLI with a rating of “Neutral”.
July 19 investment analysts at Barclays held the stock rating at “Hold” but moved up the price target from $22.00 to $28.00. On July 18 Deutsche Bank made no change to the stock rating of “Hold” and moved up the price target to $28.00 from $25.00.
On July 7 Citigroup kept the company rating at “Buy” and raised the price expectation from $24.00 to $31.50. On May 16 Deutsche Bank maintained a stock rating of “Hold” but raised the price expectation to $25.00 from $22.00.