Mack-Cali Realty Corporation (NYSE:CLI) Given Price Target Of $28


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 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 $0.15 in dividend compared to distribution of $0.15, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of -33.3333%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Mack-Cali Realty Corporation (NYSE:CLI) to attain a price target of $28. It is an average estimate figure given by 5 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $30. The low price range is set at $26 for next year while the arithmetic mean is seen at 3.2.

Eyeing Earnings Mack-Cali Realty Corporation (NYSE:CLI) is likely to post quarterly numbers around 2016-10-26 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.53 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Mack-Cali Realty Corporation (NYSE:CLI) earnings came at $0.55 suggesting a deviation of $0.02. The brokerages targeted EPS of $0.53 for the quarter.

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