Mack-Cali Realty Corporation (NYSE:CLI) Given Price Target Of $25


As per Mack-Cali Realty Corporation (NYSE:CLI)’s news release on 2016-06-02, its shareholders will get cash dividend of $0.15 per share. The recent press release updated on the record date and payout date, which stands at 2016-07-06 and 2016-07-15, respectively.

The stock of Mack-Cali Realty Corporation (NYSE:CLI) will commence trading ex-dividend from 2016-07-01, until which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Mack-Cali Realty Corporation (NYSE:CLI) disbursed $0.6 in dividend compared to distribution of $0.9, a year ago. It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of -33.3333%.

The past track record of five years substantiates that the average payout of Mack-Cali Realty Corporation (NYSE:CLI) stands at $1.32, implying -19.7258% growth. The company recorded earnings of $0.46 a share in the preceding fiscal.

The interim price target for Mack-Cali Realty Corporation (NYSE:CLI) is set at $25. This level is the mean price reached by averaging the stock views of 6 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate is seen at $28 and the lowest level is established at 19. This broad range highlights a standard deviation of $3.162 in reported estimates.

AlphaOne has allotted A sentiment score of 0.393 to Mack-Cali Realty Corporation (NYSE:CLI) while impact score assigned is 90 as on as on 2016-07-12.

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