CLI - Shares of Mack-Cali Realty Corporation (CLI) Rise Above Previous 52-Week High

Shares of Mack-Cali Realty Corporation (NYSE:CLI) traded today at $18.28, eclipsing its 52-week high. So far today approximately 139,000 shares have been exchanged, as compared to an average 30-day volume of 849,000 shares.

Potential upside of 302.0% exists for Mack-Cali Realty Corporation, based on a current level of $18.11 and analysts' average consensus price target of $72.80.

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.

In the past 52 weeks, Mack-Cali Realty Corporation share prices are bracketed by a low of $10.35 and a high of $18.28 and is now at $18.11, 75% above that low price.

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