In a report released today, John Guinee from Stifel Nicolaus maintained a Hold rating on Mack-Cali Realty Corp (NYSE: CLI), with a price target of $23. The company’s shares closed yesterday at $21.50.
According to TipRanks.com, Guinee is a 4-star analyst with an average return of 5.6% and a 61.1% success rate. Guinee covers the Financial sector, focusing on stocks such as Washington Real Estate Investment Trust, First Industrial Realty Trust, and Franklin Street Properties.
Currently, the analyst consensus on Mack-Cali Realty Corp is a Moderate Sell with an average price target of $20.50.
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Mack-Cali Realty Corp’s market cap is currently $1.94B and has a P/E ratio of 27.31. The company has a Price to Book ratio of 1.31.
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CLI in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
