Mack-Cali Realty Corporation – Consensus Indicates Potential 3.5% Upside

Broker Ratings

Mack-Cali Realty Corporation found using ticker (CLI) have now 6 analysts in total covering the stock. The consensus rating is ‘Hold’. The range between the high target price and low target price is between 30 and 13 calculating the mean target price we have 16.83. Given that the stocks previous close was at 16.26 this is indicating there is a potential upside of 3.5%. The 50 day moving average now sits at 15.65 while the 200 day moving average is 13.62. The market capitalisation for the company is $1,465m. Visit the company website at: http://www.mack-cali.com

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 New Jersey. 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. A fully integrated and self-managed company, Mack-Cali has provided world-class management, leasing, and development services throughout New Jersey and the surrounding region for over two decades. By regularly investing in its properties and innovative lifestyle amenity packages, Mack-Cali creates environments that empower tenants and residents to reimagine the way they work and live.

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