Clipper Realty (CLPR) Earning Somewhat Favorable News Coverage, Accern Reports
Media headlines about Clipper Realty (NYSE:CLPR) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Clipper Realty earned a coverage optimism score of 0.05 on Accern’s scale. Accern also gave news headlines about the company an impact score of 44.126855052646 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of equities research analysts have commented on CLPR shares. Zacks Investment Research cut Clipper Realty from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Raymond James Financial reissued a “buy” rating and issued a $14.00 price objective on shares of Clipper Realty in a research note on Monday, December 4th. FBR & Co reissued a “buy” rating and issued a $16.00 price objective on shares of Clipper Realty in a research note on Friday, October 27th. Finally, B. Riley set a $16.00 price objective on Clipper Realty and gave the company a “buy” rating in a research note on Friday, January 19th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $15.00.
Shares of Clipper Realty (NYSE:CLPR) traded down $0.03 during trading on Wednesday, reaching $8.06. The company’s stock had a trading volume of 34,725 shares, compared to its average volume of 63,139. Clipper Realty has a 12-month low of $7.64 and a 12-month high of $15.00. The firm has a market capitalization of $137.69 and a PE ratio of -40.30.
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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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