Mack Cali Realty Corp Expected to Receive $23.50 Year-Round Consensus Price Target: Analysts

Ten rating firms that cover stocks have recently rated Mack Cali Realty Corp (NYSE:CLI) as a "Buy." The brokerage has received one stock with a sell rating, three have issued a hold rating, and four have given a buy rating.

The average 12-month price objective last year was $23.60, according to the data from different brokerages,  INTERCOOLER reports. This year, the financial firm sets its target at $26.00 among their realty shares.

As of now, NYSE:CLI holds a -1.55 percent trading which is lower at $21.01. Moreover, in less than one year, Mack Cali Realty's stock has increased to 11.62 percent and has outperformed the S&P500 Index.

On Thursday, Mack Cali Realty Corp opened at 21.01. The company achieved a $16.85 as a 12-month low, and a $24.26 as a 12-month high.On the average, the company has its stock's day moving average at $16.85 at $22.73.

The company also paid their quarterly dividend which they announced prior to the distribution. The shareholders received a $0.15 dividend on Jan. 6, whereas Jan. 4 was the ex-dividend date that represents the $0.60 annual dividend.

Interestingly, OCTA FINANCE said that Thomson Reuters shared the compiled data reporting that the realty of the firm is covered by 10 equity analysts. The report suggests an upside potential of the financial firm at 11.61 percent, which is above the current price.

Mack Cali Realty Corp has Forum Securities Ltd considered as a highly important stake holder with its 340,074 share ownerships. Moreover, with 477,400 shares in Mack Cali, Land & Buildings Investment Management Llc is also another strong investment manager.

Mack Cali Realty Corp is a real estate investment trust (REIT), which is also self-administered and self-managed. Its portfolio includes Class A office and office/flex, as well as multi-family rental properties. These real estate properties are located in the Northeast.

The company has operations among the different segments, including real estate, multi-family services, and also multi-family real estates.