Shares of Clipper Realty Inc (NYSE:CLPR) have earned an average broker rating score of 1.33 (Strong Buy) from the three analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy rating and two have given a strong buy rating to the company.
Brokers have set a 1-year consensus price objective of $15.67 for the company and are forecasting that the company will post $0.10 EPS for the current quarter, according to Zacks. Zacks has also given Clipper Realty an industry rank of 232 out of 265 based on the ratings given to related companies.
A number of equities analysts have weighed in on CLPR shares. Zacks Investment Research lowered shares of Clipper Realty from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Raymond James Financial reiterated a “buy” rating and set a $14.00 target price on shares of Clipper Realty in a research report on Monday, December 4th. FBR & Co reiterated a “buy” rating and set a $16.00 target price on shares of Clipper Realty in a research report on Friday, October 27th. Finally, B. Riley set a $16.00 target price on shares of Clipper Realty and gave the stock a “buy” rating in a research report on Friday, January 19th.
Several institutional investors have recently made changes to their positions in the company. CI Investments Inc. lifted its holdings in shares of Clipper Realty by 1.7% in the third quarter. CI Investments Inc. now owns 291,100 shares of the company’s stock worth $3,118,000 after buying an additional 4,900 shares in the last quarter. Nomura Asset Management Co. Ltd. purchased a new stake in shares of Clipper Realty in the third quarter worth about $114,000. Citadel Advisors LLC purchased a new stake in shares of Clipper Realty in the fourth quarter worth about $115,000. BlackRock Inc. lifted its holdings in shares of Clipper Realty by 1.6% in the fourth quarter. BlackRock Inc. now owns 726,480 shares of the company’s stock worth $7,259,000 after buying an additional 11,667 shares in the last quarter. Finally, TCW Group Inc. lifted its holdings in shares of Clipper Realty by 20.6% in the fourth quarter. TCW Group Inc. now owns 68,954 shares of the company’s stock worth $689,000 after buying an additional 11,795 shares in the last quarter. 57.44% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Clipper Realty (NYSE:CLPR) traded down $0.18 during trading hours on Thursday, reaching $8.08. 13,573 shares of the company’s stock were exchanged, compared to its average volume of 58,808. The company has a market capitalization of $147.13 and a price-to-earnings ratio of -41.50. Clipper Realty has a 12-month low of $7.64 and a 12-month high of $14.24.
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Clipper Realty Company Profile
Clipper Realty, Inc is a real estate investment trust, which acquires, owns, manages, operates and repositions multi-family residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn. The Company’s segments include Commercial and Residential. As of June 30, 2016, it owned two residential/retail rental properties at 50 Murray Street and 53 Park Place in the Tribeca neighborhood of Manhattan, referred to as the Tribeca House properties.
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