CLIPPER Rlty In/SH 144A (CLPR) Receives Average Rating of “Buy” from Brokerages

Shares of CLIPPER Rlty In/SH 144A (NYSE:CLPR) have been given an average recommendation of “Buy” by the six analysts that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $14.63.

Several research analysts have commented on the stock. Raymond James decreased their price target on shares of CLIPPER Rlty In/SH 144A from $14.00 to $9.50 and set an “outperform” rating on the stock in a research note on Thursday, April 19th. Zacks Investment Research raised shares of CLIPPER Rlty In/SH 144A from a “sell” rating to a “hold” rating in a research note on Wednesday, July 11th. Finally, ValuEngine raised shares of CLIPPER Rlty In/SH 144A from a “sell” rating to a “hold” rating in a research note on Wednesday, July 4th.

Several hedge funds have recently bought and sold shares of the business. Forward Management LLC grew its holdings in shares of CLIPPER Rlty In/SH 144A by 0.6% in the second quarter. Forward Management LLC now owns 1,002,310 shares of the company’s stock worth $8,559,000 after purchasing an additional 6,014 shares during the last quarter. BlackRock Inc. grew its holdings in shares of CLIPPER Rlty In/SH 144A by 1.0% in the second quarter. BlackRock Inc. now owns 736,240 shares of the company’s stock worth $6,287,000 after purchasing an additional 7,330 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in shares of CLIPPER Rlty In/SH 144A by 19.8% in the second quarter. State of New Jersey Common Pension Fund D now owns 151,500 shares of the company’s stock worth $1,294,000 after purchasing an additional 25,000 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of CLIPPER Rlty In/SH 144A by 61.8% in the fourth quarter. Bank of New York Mellon Corp now owns 97,564 shares of the company’s stock worth $975,000 after purchasing an additional 37,272 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of CLIPPER Rlty In/SH 144A by 156.1% in the fourth quarter. Deutsche Bank AG now owns 35,614 shares of the company’s stock worth $354,000 after purchasing an additional 21,708 shares during the last quarter. 56.75% of the stock is currently owned by hedge funds and other institutional investors.

CLPR traded up $0.10 on Friday, reaching $10.64. The company had a trading volume of 32,655 shares, compared to its average volume of 74,025. The company has a market capitalization of $187.75 million, a P/E ratio of 28.00 and a beta of 0.99. CLIPPER Rlty In/SH 144A has a 52-week low of $7.62 and a 52-week high of $11.72.

CLIPPER Rlty In/SH 144A (NYSE:CLPR) last announced its earnings results on Wednesday, August 8th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The business had revenue of $27.30 million for the quarter, compared to the consensus estimate of $27.71 million. CLIPPER Rlty In/SH 144A had a negative net margin of 4.42% and a negative return on equity of 2.65%. research analysts anticipate that CLIPPER Rlty In/SH 144A will post 0.38 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 27th. Shareholders of record on Monday, August 20th will be paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend is Friday, August 17th. CLIPPER Rlty In/SH 144A’s dividend payout ratio (DPR) is presently 100.00%.

About CLIPPER Rlty In/SH 144A

Clipper Realty Inc (NYSE: CLPR) is a self-administered and self-managed real estate company that acquires, owns, manages, operates and repositions multifamily residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn. For more information on the Company, please visit www.clipperrealty.com.

Further Reading: Outstanding Shares and The Effect on Share Price

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