Wedge Capital Management L L P NC Buys Shares of 60,479 Clipper Realty Inc (NYSE:CLPR)

Wedge Capital Management L L P NC bought a new stake in Clipper Realty Inc (NYSE:CLPR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 60,479 shares of the company’s stock, valued at approximately $616,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CLPR. FMR LLC grew its stake in Clipper Realty by 19.6% in the first quarter. FMR LLC now owns 2,627,277 shares of the company’s stock valued at $35,180,000 after purchasing an additional 430,053 shares in the last quarter. State of New Jersey Common Pension Fund D grew its stake in Clipper Realty by 7.1% in the second quarter. State of New Jersey Common Pension Fund D now owns 225,500 shares of the company’s stock valued at $2,521,000 after purchasing an additional 15,000 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Clipper Realty in the second quarter valued at about $178,000. Monashee Investment Management LLC lifted its position in shares of Clipper Realty by 23.4% in the second quarter. Monashee Investment Management LLC now owns 202,824 shares of the company’s stock worth $2,268,000 after buying an additional 38,400 shares during the last quarter. Finally, Monarch Partners Asset Management LLC acquired a new stake in shares of Clipper Realty in the second quarter worth about $789,000. Hedge funds and other institutional investors own 70.28% of the company’s stock.

A number of analysts have weighed in on CLPR shares. Zacks Investment Research cut Clipper Realty from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. ValuEngine raised Clipper Realty from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Finally, B. Riley set a $18.00 price target on Clipper Realty and gave the stock a “buy” rating in a research report on Thursday, October 17th.

Shares of NYSE:CLPR traded down $0.33 on Friday, reaching $10.20. The company had a trading volume of 15,109 shares, compared to its average volume of 30,309. Clipper Realty Inc has a twelve month low of $8.50 and a twelve month high of $14.33. The stock has a 50-day moving average price of $9.76 and a 200 day moving average price of $11.30. The stock has a market capitalization of $189.78 million, a P/E ratio of 22.67 and a beta of 0.05.

About Clipper Realty

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.

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Institutional Ownership by Quarter for Clipper Realty (NYSE:CLPR)

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