Clipper Realty (NYSE:CLPR) Rating Lowered to Underperform at Raymond James

Clipper Realty (NYSE:CLPR) was downgraded by Raymond James from an “outperform” rating to an “underperform” rating in a research note issued on Monday, MarketBeat.com reports.

Separately, JMP Securities reissued a “market perform” rating on shares of Clipper Realty in a research report on Thursday, April 11th.

Clipper Realty Stock Down 3.9 %

Shares of CLPR stock opened at $3.91 on Monday. The firm has a fifty day moving average of $4.75 and a 200-day moving average of $4.95. Clipper Realty has a 12-month low of $3.65 and a 12-month high of $6.86. The company has a market capitalization of $62.79 million, a price-to-earnings ratio of -8.69 and a beta of 1.22.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. bought a new position in Clipper Realty in the fourth quarter valued at $26,000. Tower Research Capital LLC TRC grew its position in shares of Clipper Realty by 232.3% in the 1st quarter. Tower Research Capital LLC TRC now owns 5,150 shares of the company’s stock valued at $29,000 after acquiring an additional 3,600 shares during the period. Wells Fargo & Company MN grew its position in shares of Clipper Realty by 130.5% in the 2nd quarter. Wells Fargo & Company MN now owns 5,293 shares of the company’s stock valued at $30,000 after acquiring an additional 2,997 shares during the period. BNP Paribas Arbitrage SNC grew its position in shares of Clipper Realty by 73.4% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 4,391 shares of the company’s stock valued at $31,000 after acquiring an additional 1,858 shares during the period. Finally, Deutsche Bank AG grew its position in shares of Clipper Realty by 51.9% in the 1st quarter. Deutsche Bank AG now owns 8,531 shares of the company’s stock valued at $49,000 after acquiring an additional 2,916 shares during the period. Institutional investors own 37.57% of the company’s stock.

About Clipper Realty

Clipper Realty Inc (NYSE: CLPR) is a self-administered and self-managed real estate company that acquires, owns, manages, operates, and repositions multifamily residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn.