News headlines about Clipper Realty (NASDAQ:CLPR) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Clipper Realty earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.3346905999886 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several equities analysts have weighed in on CLPR shares. FBR & Co reaffirmed a “buy” rating and issued a $16.00 target price on shares of Clipper Realty in a research report on Friday, October 27th. Zacks Investment Research raised Clipper Realty from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Finally, JMP Securities started coverage on Clipper Realty in a research report on Monday, October 9th. They issued an “outperform” rating and a $17.00 target price for the company.
Shares of Clipper Realty (NASDAQ CLPR) traded down $0.29 during trading on Monday, hitting $10.71. The stock had a trading volume of 44,436 shares, compared to its average volume of 42,927. Clipper Realty has a 1-year low of $9.98 and a 1-year high of $15.00.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Monday, November 6th will be paid a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend is Friday, November 3rd.
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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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