CLIPPER Rlty In/SH 144A (NYSE:CLPR) has received an average rating of “Buy” from the six research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $14.63.

A number of equities analysts have weighed in on CLPR shares. Raymond James cut their target price on shares of CLIPPER Rlty In/SH 144A from $14.00 to $9.50 and set an “outperform” rating for the company in a research report on Thursday, April 19th. ValuEngine lowered shares of CLIPPER Rlty In/SH 144A from a “hold” rating to a “sell” rating in a research report on Tuesday, May 22nd. Finally, Zacks Investment Research upgraded shares of CLIPPER Rlty In/SH 144A from a “hold” rating to a “buy” rating and set a $9.50 target price for the company in a research report on Tuesday, May 8th.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted 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 buying an additional 7,330 shares in the last quarter. Forward Management LLC lifted 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 buying an additional 6,014 shares in the last quarter. State of New Jersey Common Pension Fund D lifted 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 buying an additional 25,000 shares in the last quarter. Cove Street Capital LLC purchased a new stake in shares of CLIPPER Rlty In/SH 144A in the first quarter worth about $166,000. Finally, Teachers Insurance & Annuity Association of America lifted its holdings in shares of CLIPPER Rlty In/SH 144A by 38.9% in the first quarter. Teachers Insurance & Annuity Association of America now owns 21,288 shares of the company’s stock worth $180,000 after buying an additional 5,958 shares in the last quarter. 56.75% of the stock is currently owned by hedge funds and other institutional investors.

CLIPPER Rlty In/SH 144A traded up $0.10, reaching $10.64, on Friday, Marketbeat.com reports. 32,655 shares of the company’s stock were exchanged, compared to its average volume of 74,025. The firm has a market capitalization of $187.75 million, a PE 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 issued its earnings results on Wednesday, August 8th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $27.30 million during the quarter, compared to analyst estimates 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%. sell-side analysts expect that CLIPPER Rlty In/SH 144A will post 0.38 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 27th. Stockholders of record on Monday, August 20th will be issued a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend is Friday, August 17th. CLIPPER Rlty In/SH 144A’s payout ratio is 100.00%.

CLIPPER Rlty In/SH 144A Company Profile

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.

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