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4 Hold-Rated Dividend Stocks

Mack-Cali Realty

Dividend Yield: 6.30%

Mack-Cali Realty (NYSE: CLI) shares currently have a dividend yield of 6.30%.

Mack-Cali Realty Corporation is a real estate investment trust (REIT). It engages in the leasing, management, acquisition, development, and construction of commercial real estate properties in the United States. The company has a P/E ratio of 60.51. Currently there are 3 analysts that rate Mack-Cali Realty a buy, 2 analysts rate it a sell, and 3 rate it a hold.

The average volume for Mack-Cali Realty has been 770,300 shares per day over the past 30 days. Mack-Cali Realty has a market cap of $2.5 billion and is part of the real estate industry. Shares are up 9.2% year to date as of the close of trading on Friday.

TheStreet Ratings rates Mack-Cali Realty as a hold. Among the primary strengths of the company is its reasonable valuation levels, considering its current price compared to earnings, book value and other measures. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.

Highlights from the ratings report include:

  • Along with the stagnant revenue growth, the company underperformed against the industry average of 16.4%. Since the same quarter one year prior, revenues have remained constant. Even though the company's revenue remained stagnant, the earnings per share decreased.
  • MACK-CALI REALTY CORP has exprienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has reported a trend of declining earnings per share over the past two years. However, the consensus estimate suggests that this trend should reverse in the coming year. During the past fiscal year, MACK-CALI REALTY CORP reported lower earnings of $0.46 versus $0.77 in the prior year. This year, the market expects an improvement in earnings ($0.50 versus $0.46).
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Real Estate Investment Trusts (REITs) industry. The net income has significantly decreased by 157.0% when compared to the same quarter one year ago, falling from $16.19 million to -$9.23 million.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Real Estate Investment Trusts (REITs) industry and the overall market on the basis of return on equity, MACK-CALI REALTY CORP underperformed against that of the industry average and is significantly less than that of the S&P 500.

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Other helpful dividend tools from TheStreet:

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

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