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Mack-cali Realty Corporation (CLI) [hlAlert]

Rating:
Buy CLI
up 25.56 %

Mack-cali Realty Corporation (CLI) upgraded to Buy with price target $23 by Stifel

Posted on: Friday,  Jun 19, 2015  8:25 AM ET by Stifel

Stifel rated Buy Mack-cali Realty Corporation (NYSE: CLI) on 06/19/2015. Previously Stifel rated Sell Mack-cali Realty Corporation (NYSE: CLI) on 07/26/2013.,
when the stock price was $24.46. Since then, Mack-cali Realty Corporation has lost 20.36% as of 06/19/2015's recent price of $19.48.
If you would have followed the previous Stifel's recommendation on CLI, you would have gained 25.56% of your investment in 693 days.

Mack-Cali Realty Corporation is a fully-integrated, self-administered and self-managed real estate investment trust (REIT) that owns and operates a real estate portfolio comprised of Class A office and office/flex properties. The Company performs substantially all commercial real estate leasing, management, acquisition, development and construction services on an in-house basis. As of December 31, 2008, the Company owned or had interests in 293 properties, aggregating approximately 33.5 million square feet, plus developable land (The Properties), which are leased to approximately 2,100 tenants. The Company operates in the real estate and construction services industry segments.

Stifel
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/19/2015 8:25 AM Buy
None
19.48 23.00
as of 8/27/2015
1 Week down  -7.50 %
1 Month up  0.21 %
3 Months down  -12.92 %
1 YTD up  6.75 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/26/2013 9:25 AM Sell
None
24.46
5/23/2013 8:25 AM Hold
None
27.18

(*) Stock Price at the time of the recommendation.
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