Mack-Cali Realty Corporation (CLI) Soars 1.7% on June 02

Equities Staff  |

Mack-Cali Realty Corporation (CLI) had a good day on the market for Tuesday June 02 as shares jumped 1.7% to close at $15.56. About 832,481 shares traded hands on 7,119 trades for the day, compared with an average daily volume of n/a shares out of a total float of 90.6 million. After opening the trading day at $15.59, shares of Mack-Cali Realty Corporation stayed within a range of $15.68 to $15.20.

With today's gains, Mack-Cali Realty Corporation now has a market cap of $1.41 billion. Shares of Mack-Cali Realty Corporation have been trading within a range of $24.88 and $12.90 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

Mack-Cali Realty Corp is a real estate investment trust that owns and operates office, flex, industrial, and multifamily properties in the Northeastern United States. The vast majority of the company's real estate portfolio is split between office buildings and flex facilities, which are buildings that combine warehouse and office space into one location. Mack-Cali primarily derives its revenue as rental income from tenants. The urban and suburban real estate markets of Jersey City, New Jersey; Newark, New Jersey; Westchester-Rockland, New York; and Bergen-Passaic, New Jersey generate most of the company's total revenue. Mack-Cali's largest tenants include a variety of financial, insurance, manufacturing, and legal services firms.

Mack-Cali Realty Corporation is based out of Jersey City, NJ and has some 283 employees. Its CEO is Michael J. DeMarco.

For a complete fundamental analysis of Mack-Cali Realty Corporation, check out Equities.com’s Stock Valuation Analysis report for CLI.

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Mack-Cali Realty Corporation is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on Mack-Cali Realty Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: CLI’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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