Mack Cali Realty (CLI) Set to Announce Quarterly Earnings on Wednesday

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Mack Cali Realty (NYSE:CLI) will issue its quarterly earnings data after the market closes on Wednesday, February 20th. Analysts expect the company to announce earnings of $0.45 per share for the quarter.

Mack Cali Realty stock opened at $21.08 on Monday. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.71 and a quick ratio of 0.71. Mack Cali Realty has a one year low of $15.86 and a one year high of $22.26. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 9.45 and a beta of 1.14.

CLI has been the subject of a number of research analyst reports. SunTrust Banks cut Mack Cali Realty from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. ValuEngine upgraded Mack Cali Realty from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. Finally, Zacks Investment Research upgraded Mack Cali Realty from a “sell” rating to a “hold” rating in a research note on Wednesday, December 5th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $20.25.

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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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Earnings History for Mack Cali Realty (NYSE:CLI)

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