Clipper Realty (CLPR) Earns Buy Rating from Raymond James Financial

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

Other analysts also recently issued research reports about the company. B. Riley reissued a buy rating on shares of Clipper Realty in a report on Wednesday, November 1st. Zacks Investment Research raised Clipper Realty from a hold rating to a buy rating and set a $12.00 price target on the stock in a report on Wednesday, November 29th. JMP Securities began coverage on Clipper Realty in a report on Monday, October 9th. They issued an outperform rating and a $17.00 price target on the stock. Finally, FBR & Co reissued a buy rating and issued a $16.00 price target on shares of Clipper Realty in a report on Friday, October 27th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Clipper Realty currently has an average rating of Buy and a consensus price target of $14.75.

Shares of Clipper Realty (CLPR) opened at $9.90 on Monday. The stock has a market capitalization of $179.02 and a P/E ratio of 28.71. Clipper Realty has a 1-year low of $9.43 and a 1-year high of $15.00.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 13th. Shareholders of record on Monday, November 6th were paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 3.84%. The ex-dividend date was Friday, November 3rd. Clipper Realty’s payout ratio is currently -189.99%.

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

A number of institutional investors have recently made changes to their positions in the business. CI Investments Inc. raised its stake in Clipper Realty by 0.9% during the 2nd quarter. CI Investments Inc. now owns 286,200 shares of the company’s stock valued at $3,532,000 after acquiring an additional 2,600 shares in the last quarter. Nomura Asset Management Co. Ltd. bought a new stake in Clipper Realty during the 3rd quarter valued at $114,000. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in Clipper Realty during the 3rd quarter valued at $143,000. The Manufacturers Life Insurance Company bought a new stake in Clipper Realty during the 2nd quarter valued at $180,000. Finally, California State Teachers Retirement System raised its stake in Clipper Realty by 132.5% during the 2nd 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 in the last quarter. 57.08% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: “Clipper Realty (CLPR) Earns Buy Rating from Raymond James Financial” was reported by Community Financial News and is the property of of Community Financial News. If you are reading this story on another site, it was illegally copied and reposted in violation of US and international copyright & trademark laws. The correct version of this story can be accessed at https://www.com-unik.info/2017/12/08/clipper-realty-clpr-earns-buy-rating-from-raymond-james-financial.html.

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.

What are top analysts saying about Clipper Realty Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Clipper Realty Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit