News for Mack-Cali Realty Corporation (CLI)

VRE stock touches 52-week high at $18.18 amid market optimism

Earnings call: Veris Residential sees growth in multifamily focus

Veris Residential, a luxury residential REIT, targets prime urban locations but appears overvalued compared to peers. Find out my analysis of VRE stock.

US equity market's winning streak continues for the eighth week, driven by cooling inflation and gains in REIT sectors. Find out more about real estate outlook.

The new pariah of the commercial real estate sector, Office REITs have remained in free-fall in recent months. Read more here.

With Office REITs trading at historically deep discounts, there appear to be some emerging pockets of value in REITs focused on secondary and tertiary markets. Read more here.

Kushner Cos denies dropping Veris buyout interest

Office REITs are among the worst-performing property sectors this year. Check here to see why we see the consensus swinging too far in the negative direction.

The 'Return to the Office' is here - but it's underwhelming. Within the Hoya Capital Office REIT Index, we track 23 office REITs. Read more about office REITs.

Read Veris Residential (NYSE:VRE) Downgraded by Zacks Investment Research at ETF Daily News

Insider buying can be an encouraging signal for potential investors, especially when markets are near all-time highs. Once again, some insiders t...

Top Insider Buys Highlight for the Week of April 23, Stocks: BBBY,CLI,TTCF,AGL, release date:Apr 25, 2021

Mailing Address HARBORSIDE 3 210 HUDSON ST., STE. 400 JERSEY CITY NJ 07311 Business Address HARBORSIDE 3 210 HUDSON ST., STE. 400 JERSEY CITY NJ 07311 73259010...

Papa John’s International delivered lower-than-expected earnings in the fourth quarter. Meanwhile, shares of Papa John’s fell 7.4% in pre-market trading as the company posted earnings per share (EPS) of $0.40 during the fourth quarter, which were behind analysts’ expectations of $0.46. That said, revenue increased 12.5% year-on-year to $469.8 million, topping analysts’ estimates of $465.7 million. The increase in 4Q revenues was primarily attributable to higher comparable sales for North America restaurants, which saw 10.2% growth in company owned restaurants and 14.5% growth in franchised restaurants. Papa John’s (PZZA) international sales also increased on the back of higher commissary revenues and royalties resulting from comparable sales growth of 21.4%. For fiscal 2020, the company generated sales of $1.81 billion, up 12% from 2019. Diluted earnings per share came in at $1.40, versus $0.03 in the comparable year-ago period. Papa John’s President and CEO Rob Lynch said, “4Q was the third consecutive quarter of double-digit comparable sales growth and the sixth straight quarter of positive comparable sales in North America. We ended the year with the launch of Epic Stuffed Crust, the biggest product innovation in the company’s history, and our future is extremely bright.” In light of ongoing uncertainity about the future impact from the COVID-19 pandemic, Papa John’s did not provide any guidance. (See Papa John’s stock analysis on TipRanks) On Feb. 23, Deutsche Bank analyst Brian Mullan raised the price target to $110 (7.2% upside potential) from $91 and reiterated a Buy rating. Mullan believes the outlook for Papa John’s shares from here is favorable with a 12-month view. Turning to Wall Street, Papa John’s has a Strong Buy consensus rating based on 8 Buys and 1 Hold. The average analyst price target of $111.13 implies about 8.3% upside potential from current levels. Papa John’s stock has seen a runup of about 50% over the past year. Related News: Fisker Inks MOU With Foxconn To Develop EV; Shares Pop 22% Pre-Market Upwork Posts Better-Than-Expected 4Q Results; Shares Pop 18.7% After-Hours Nvidia Posts Better-Than-Expected 4Q Earnings; Street Remains Bullish More recent articles from Smarter Analyst: Jumia 4Q Revenues Miss Estimates, Losses Narrow To €40M Radian Group’s 4Q Earnings Beat Estimates; Street Sees 29% Upside Moderna Plans To Increase Supply Capacity For COVID-19 Vaccine; Shares Spike 5% Bilibili’s 4Q Sales Beat Analysts’ Estimates; Shares Rise 3.8%

Companies Reporting Before The Bell • PG&E (NYSE:PCG) is likely to report quarterly earnings at $0.23 per share on revenue of $4.78 ...