Mack-Cali Realty Corporation (NYSE:CLI) went up by 1.31% during the previous trading session, and it is maintaining the win ahead of Monday’s trading session. The share price of the REIT – Office giant went up by $15.46 to trade ended Monday trading at $15.26. This is up from the $15.26 price recorded on Thursday’s trading session. Thanks to this latest performance, CLI is closer to the higher price 52-week target of $30.00 and further from the lowest price target of $15.00. Its performance from the start of the year has also been negative, with CLI down by -33.16% year-to-date.
Mack-Cali Realty Corporation (CLI) started the day trading at $15.65 and recorded an intraday high of $15.85. It also recorded an intraday low of $15.27 during Monday’s trading session. Mack-Cali Realty Corporation is a very active stock that recorded a trading volume that is less than -51.15% of the average daily trading volume on Monday. The stock’s trading volume on Monday was 573006, which is less than -51.15 of the total average daily trading volume of 866.11K.
Mack-Cali Realty Corporation (NYSE:CLI) 2020 Performance Impressive
The increase in CLI’s stock price on Monday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of CLI currently stands at $24.09, which is higher than the current trading price of the stock by 35.82%. However, CLI’s current trading price is -19.84% lower than the 52-week low price of $12.90. In terms of trading volume, Mack-Cali Realty Corporation currently experienced healthy participation during the last trading session. 573006 shares of Mack-Cali Realty Corporation were traded on the stock exchange on Monday, which is less than -51.15% of the 866.11K average trading volume of the stock.
The performance of the stock has been positive over the past year. CLI’s performance over the past one year has seen it plunge by -34.49%, while the stock has gone down by -32.13% in the last six months. The quarterly performance of CLI currently stands at 11.87%, and it is down by -9.33% in the last month. The only positive figure was from the weekly performance, which currently reads 2.59%. At the time of writing CLI’s report, the company has a total market cap of $1.39B, making it one of the largest publicly-traded companies in the world.Mack-Cali Realty Corporation also has over 283 employees all over the world.
CLI Insider Activities
For Mack-Cali Realty Corporation, insiders hold 90.70% of all company shares. The insider transactions over the past six months are down by 0.00%. During that period, insiders bought 0 shares in 0 transactions. In that same period, insiders sold 0 of their shares in 0 transactions. After these transactions, insiders at Mack-Cali Realty Corporation now hold 8.06M shares, which is over 95.08% of the total company stocks. Institutional investors currently hold a large chunk of the CLI shares, as they control 8.91% of the company’s total stock.
CLI Fundamental Analysis
For Mack-Cali Realty Corporation, the stock’s diluted earnings per share (EPS) stands at -1.07. In the coming year, analysts expect the EPS to be -0.64. The EPS growth will slow down over the next five years to -4.73% after surging by 43.20% in the previous five years. In terms of revenue, Mack-Cali Realty Corporation’s quarterly sales (YOY) is shrinking at -0.16, which is lower than the average annual revenue of 43.20% over the past half a decade.
The Return on Investment (ROI) on Mack-Cali Realty Corporation’s stock currently stands at -0.40%. The gross margin of the company is 58.20%.
CLI Analysts Prediction
and JP Morgan reiterate their Underweight position on the stock ($25 and $20).
Analysts at BTIG Research believe that CLI is Buy, and they have a price target of between $26 and $30. BTIG Research and SunTrust also believe that Mack-Cali Realty Corporation’s stock is outperforming at the moment.
At the moment, Mack-Cali Realty Corporation’s Total Debt to Equity ratio stands at 2.01, and they have a long-term Debt to Equity ratio of 2.01.
CLI Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of CLI currently stands at -4.30%, while the SMA50 is -0.41%. The biggest one is the SMA200, which is currently reading -19.83% ahead of Monday’s trading session. The Relative Strength Index of this stock is 47.98.
