Clipper Realty Inc (CLPR) Given Consensus Rating of “” by Brokerages
Clipper Realty Inc (NASDAQ:CLPR) has been given a consensus broker rating score of 1.50 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy rating and one has assigned a strong buy rating to the company.
Brokers have set a 12 month consensus price objective of $15.00 for the company and are expecting that the company will post $0.11 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Clipper Realty an industry rank of 169 out of 265 based on the ratings given to its competitors.
Several research analysts have commented on CLPR shares. FBR & Co reaffirmed a “buy” rating on shares of Clipper Realty in a research note on Tuesday, May 16th. Zacks Investment Research raised shares of Clipper Realty from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Wednesday, June 21st.
Clipper Realty (NASDAQ:CLPR) traded down 2.89% during mid-day trading on Tuesday, hitting $11.10. 44,232 shares of the stock were exchanged. Clipper Realty has a 52-week low of $9.98 and a 52-week high of $15.00. The stock has a 50 day moving average of $11.22 and a 200-day moving average of $11.98. The stock’s market cap is $197.71 million.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, August 7th were paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 3.32%. The ex-dividend date was Thursday, August 3rd.
In other Clipper Realty news, Director Sam Levinson bought 83,334 shares of the firm’s stock in a transaction dated Friday, June 9th. The stock was acquired at an average cost of $11.25 per share, for a total transaction of $937,507.50. Following the completion of the transaction, the director now owns 40,000 shares in the company, valued at $450,000. The acquisition was disclosed in a document filed with the SEC, which is available through this link.
Several hedge funds have recently added to or reduced their stakes in CLPR. Citadel Advisors LLC acquired a new stake in Clipper Realty during the first quarter valued at $162,000. The Manufacturers Life Insurance Company acquired a new stake in Clipper Realty during the second quarter valued at $180,000. Teachers Insurance & Annuity Association of America acquired a new stake in Clipper Realty during the second quarter valued at $189,000. New York State Common Retirement Fund acquired a new stake in Clipper Realty during the second quarter valued at $196,000. Finally, Bank of New York Mellon Corp acquired a new stake in Clipper Realty during the first quarter valued at $217,000.
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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