Raymond James Financial reissued their buy rating on shares of Clipper Realty (NYSE:CLPR) in a report published on Monday morning. Raymond James Financial currently has a $14.00 price objective on the stock.

A number of other analysts have also recently commented on the company. Zacks Investment Research cut Clipper Realty from a buy rating to a hold rating in a research report on Thursday, November 30th. B. Riley reiterated a buy rating on shares of Clipper Realty in a research report on Wednesday, November 1st. FBR & Co reiterated a buy rating and set a $16.00 price objective on shares of Clipper Realty in a research report on Friday, October 27th. Finally, JMP Securities assumed coverage on Clipper Realty in a research report on Monday, October 9th. They set an outperform rating and a $17.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $14.75.

Clipper Realty (CLPR) opened at $10.06 on Monday. Clipper Realty has a 52-week low of $9.43 and a 52-week high of $15.00. The firm has a market capitalization of $178.13 and a price-to-earnings ratio of 28.57.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Monday, November 6th were given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend was Friday, November 3rd. Clipper Realty’s dividend payout ratio is presently -189.99%.

In other Clipper Realty news, Director Sam Levinson purchased 15,000 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were purchased at an average cost of $10.72 per share, with a total value of $160,800.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Large investors have recently modified their holdings of the business. Nomura Asset Management Co. Ltd. acquired a new stake in Clipper Realty in the 3rd quarter worth about $114,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Clipper Realty in the 3rd quarter worth about $143,000. The Manufacturers Life Insurance Company acquired a new stake in Clipper Realty in the 2nd quarter worth about $180,000. Teachers Insurance & Annuity Association of America acquired a new stake in Clipper Realty in the 2nd quarter worth about $189,000. Finally, New York State Common Retirement Fund acquired a new stake in Clipper Realty in the 2nd quarter worth about $196,000. 57.08% of the stock is currently owned by hedge funds and other institutional investors.

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About Clipper Realty

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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