Clipper Realty (NYSE:CLPR) Stock Rating Lowered by ValuEngine

Clipper Realty (NYSE:CLPR) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, ValuEngine reports.

Several other brokerages have also recently weighed in on CLPR. B. Riley set a $18.00 price target on Clipper Realty and gave the company a “buy” rating in a research report on Thursday, October 17th. Zacks Investment Research cut Clipper Realty from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th.

Shares of CLPR stock opened at $9.18 on Tuesday. The stock has a 50 day moving average of $9.37 and a 200 day moving average of $10.82. The stock has a market cap of $159.44 million, a P/E ratio of 20.40 and a beta of 0.01. Clipper Realty has a twelve month low of $8.50 and a twelve month high of $13.87.

A number of hedge funds have recently made changes to their positions in CLPR. Tower Research Capital LLC TRC purchased a new position in Clipper Realty during the third quarter valued at approximately $26,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of Clipper Realty in the second quarter valued at approximately $178,000. Squarepoint Ops LLC increased its position in shares of Clipper Realty by 69.6% in the third quarter. Squarepoint Ops LLC now owns 19,714 shares of the company’s stock valued at $201,000 after buying an additional 8,090 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Clipper Realty by 6.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 35,812 shares of the company’s stock valued at $401,000 after buying an additional 2,200 shares in the last quarter. Finally, Wedge Capital Management L L P NC purchased a new stake in shares of Clipper Realty in the third quarter valued at approximately $616,000. Institutional investors own 63.75% of the company’s stock.

Clipper Realty 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.

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