ValuEngine upgraded shares of CLIPPER Rlty In/SH 144A (NYSE:CLPR) from a hold rating to a buy rating in a report released on Friday.
Separately, Zacks Investment Research upgraded CLIPPER Rlty In/SH 144A from a sell rating to a hold rating in a research report on Wednesday, July 11th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. CLIPPER Rlty In/SH 144A presently has an average rating of Buy and a consensus price target of $13.63.
Shares of CLPR traded up $0.13 during mid-day trading on Friday, reaching $13.01. 19,792 shares of the company were exchanged, compared to its average volume of 32,246. CLIPPER Rlty In/SH 144A has a 52 week low of $7.62 and a 52 week high of $13.82. The company has a market capitalization of $229.43 million, a price-to-earnings ratio of 34.24 and a beta of 1.23.
A number of hedge funds have recently modified their holdings of the business. Northern Trust Corp increased its holdings in CLIPPER Rlty In/SH 144A by 3.3% in the second quarter. Northern Trust Corp now owns 162,332 shares of the company’s stock worth $1,386,000 after purchasing an additional 5,233 shares in the last quarter. Forward Management LLC increased its holdings in CLIPPER Rlty In/SH 144A by 0.6% in the second quarter. Forward Management LLC now owns 1,002,310 shares of the company’s stock worth $8,559,000 after purchasing an additional 6,014 shares in the last quarter. BlackRock Inc. increased its holdings in CLIPPER Rlty In/SH 144A by 1.0% in the second quarter. BlackRock Inc. now owns 736,240 shares of the company’s stock worth $6,287,000 after purchasing an additional 7,330 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its holdings in CLIPPER Rlty In/SH 144A by 5.9% in the third quarter. State of New Jersey Common Pension Fund D now owns 160,500 shares of the company’s stock worth $2,172,000 after purchasing an additional 9,000 shares in the last quarter. Institutional investors and hedge funds own 56.07% of the company’s stock.
CLIPPER Rlty In/SH 144A Company Profile
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.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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