Mack-Cali Realty Corp (CLI) Receives a Sell from Barclays


Barclays analyst Ross L Smotrich maintained a Sell rating on Mack-Cali Realty Corp (NYSE: CLI) on October 12 and set a price target of $18. The company’s shares closed on Friday at $19.89.

According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 6.8% and a 62.2% success rate. Smotrich covers the Financial sector, focusing on stocks such as Pennsylvania Real Estate Investment, Apartment Investment & Management, and Safety Income & Growth Inc.

Currently, the analyst consensus on Mack-Cali Realty Corp is a Hold with an average price target of $21.25.

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Based on Mack-Cali Realty Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $4.63 million. In comparison, last year the company had a net profit of $35.33 million.

Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is negative on the stock.

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Mack-Cali Realty Corp. is a real estate investment trust, which owns and operates a real estate portfolio comprised predominantly of Class A office and office flex properties located primarily in the Northeast. It operates through the following segments: Commercial and Other Real Estate; Multi-Family Real Estate and Services; and Corporate and Other.

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