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Enter Symbol:
 
Mack-cali Realty Corporation (CLI) [hlAlert]

Rating:
Buy CLI
down 10.13 %

Mack-cali Realty Corporation (CLI) rated Buy with price target $26 by Argus

Posted on: Tuesday,  Feb 3, 2009  8:25 AM ET by Argus

Argus rated Buy Mack-cali Realty Corporation (NYSE: CLI) on 02/03/2009, when the stock price was $21.12. Since
then, Mack-cali Realty Corporation has lost 10.13% as of 01/13/2016's recent price of $18.98.
If you would have followed this Argus's recommendation on CLI, you would have lost 10.13% of your investment in 2535 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.

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/3/2009 8:25 AM Buy
None
21.12 26.00
as of 12/31/2009
1 Week down  -4.28 %
1 Month up  10.62 %
3 Months up  5.01 %
1 YTD up  60.74 %

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