Shares of Clipper Realty Inc. (NYSE:CLPR) have been given an average broker rating score of 1.33 (Strong Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy rating and two have issued a strong buy rating on the company.

Brokers have set a 12-month consensus price objective of $15.67 for the company and are anticipating that the company will post $0.10 EPS for the current quarter, according to Zacks. Zacks has also assigned Clipper Realty an industry rank of 227 out of 265 based on the ratings given to related companies.

A number of research analysts recently weighed in on CLPR shares. B. Riley reaffirmed a “buy” rating on shares of Clipper Realty in a research note on Wednesday, November 1st. FBR & Co reaffirmed a “buy” rating and issued a $16.00 price target on shares of Clipper Realty in a research note on Friday, October 27th. Zacks Investment Research raised shares of Clipper Realty from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Wednesday, November 29th. Raymond James Financial reaffirmed a “buy” rating and issued a $14.00 price target on shares of Clipper Realty in a research note on Monday, December 4th. Finally, JMP Securities started coverage on shares of Clipper Realty in a research note on Monday, October 9th. They issued an “outperform” rating and a $17.00 price target on the stock.

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

A number of institutional investors have recently bought and sold shares of the stock. CI Investments Inc. grew its stake in shares of Clipper Realty by 1.7% in the third quarter. CI Investments Inc. now owns 291,100 shares of the company’s stock worth $3,118,000 after acquiring an additional 4,900 shares in the last quarter. Nomura Asset Management Co. Ltd. purchased a new stake in shares of Clipper Realty during the 3rd quarter worth $114,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of Clipper Realty during the 3rd quarter worth $143,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Clipper Realty during the 2nd quarter worth $180,000. Finally, California State Teachers Retirement System lifted its position in Clipper Realty by 132.5% in the second quarter. California State Teachers Retirement System now owns 26,500 shares of the company’s stock valued at $327,000 after acquiring an additional 15,100 shares during the last quarter. Hedge funds and other institutional investors own 57.08% of the company’s stock.

Shares of Clipper Realty (CLPR) opened at $10.15 on Friday. Clipper Realty has a 12-month low of $9.43 and a 12-month high of $15.00. The company has a market capitalization of $180.80 and a PE ratio of -50.75.

Clipper Realty (NYSE:CLPR) last posted its earnings results on Thursday, October 26th. The company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.14). Clipper Realty had a negative net margin of 2.66% and a negative return on equity of 0.74%. research analysts forecast that Clipper Realty will post 0.38 EPS for the current year.

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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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