J.P. Morgan analyst Anthony Paolone maintained a Sell rating on Mack-Cali Realty (NYSE:CLI) Corp. on Wednesday, setting a price target of $19, which is approximately 3.32% above the present share price of $18.39.
Paolone expects Mack-Cali Realty Corp . to post earnings per share (EPS) of -$0.33 for the fourth quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Hold rating of shares in Mack-Cali Realty, with an average price target of $19.5.
The analysts price targets range from a high of $26 to a low of $16.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $83.74 million and a net profit of $7.03 million. The company's market cap is $1.67 billion.
According to TipRanks.com, J.P. Morgan analyst Anthony Paolone is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 9.6% and a 66.52% success rate.
Mack-Cali Realty Corp. is a real estate investment trust, which owns and operates a real estate portfolio comprised predominantly of Class A office and office flex properties located primarily in the Northeast. It operates through the following two segments: Commercial and Other Real Estate and Multi-Family Real Estate and Services. The Commercial and Other Real Estate and Multi-Family Real Estate Portfolio segments provides leasing, property management, acquisition, development, construction, and tenant-related services. The company was founded on May 24, 1994 and is headquartered in Jersey City, NJ.