Clipper Realty (CLPR) Rating Reiterated by Raymond James Financial
Clipper Realty (NYSE:CLPR)‘s stock had its “buy” rating reiterated by Raymond James Financial in a research note issued to investors on Monday. They currently have a $14.00 target price on the stock. Raymond James Financial’s price objective would suggest a potential upside of 40.00% from the company’s current price.
A number of other research firms have also recently commented on CLPR. Zacks Investment Research cut shares of Clipper Realty from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. FBR & Co reiterated a “buy” rating and issued a $16.00 price objective on shares of Clipper Realty in a research note on Friday, October 27th. B. Riley reiterated a “buy” rating on shares of Clipper Realty in a research note on Wednesday, November 1st. Finally, JMP Securities initiated coverage on shares of Clipper Realty in a research note on Monday, October 9th. They issued an “outperform” rating and a $17.00 price objective for the company. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $14.75.
Clipper Realty (NYSE:CLPR) traded down $0.15 during trading hours on Monday, hitting $10.00. 54,300 shares of the company were exchanged, compared to its average volume of 77,300. The company has a market cap of $180.80 and a PE ratio of 29.00. Clipper Realty has a 52 week low of $9.43 and a 52 week high of $15.00.
A number of large investors have recently made changes to their positions in the stock. Susquehanna International Group LLP purchased a new position in Clipper Realty in the third quarter worth $429,000. Asset Management One Co. Ltd. grew its position in Clipper Realty by 25,757.7% in the third quarter. Asset Management One Co. Ltd. now owns 28,702 shares of the company’s stock worth $314,000 after acquiring an additional 28,591 shares in the last quarter. Nomura Asset Management Co. Ltd. purchased a new position in Clipper Realty in the third quarter worth $114,000. OxFORD Asset Management LLP purchased a new position in Clipper Realty in the third quarter worth $247,000. Finally, SG Americas Securities LLC purchased a new position in Clipper Realty in the third quarter worth $291,000. Institutional investors own 57.08% of the company’s stock.
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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