Shares of Clipper Realty Inc (NYSE:CLPR) have been given an average broker rating score of 1.33 (Strong Buy) from the three brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company.
Analysts have set a twelve-month consensus target price of $15.67 for the company and are predicting that the company will post $0.10 earnings per share for the current quarter, according to Zacks. Zacks has also given Clipper Realty an industry rank of 234 out of 265 based on the ratings given to related companies.
A number of research firms recently commented on CLPR. B. Riley reiterated a “buy” rating on shares of Clipper Realty in a research note on Wednesday, November 1st. Zacks Investment Research upgraded shares of Clipper Realty from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, Raymond James Financial reiterated a “buy” rating and issued a $14.00 target price on shares of Clipper Realty in a research note on Monday, December 4th.
Clipper Realty (NYSE:CLPR) traded down $0.08 during trading hours on Friday, hitting $8.82. 18,506 shares of the stock were exchanged, compared to its average volume of 53,440. The company has a market cap of $158.89 and a PE ratio of -44.15. Clipper Realty has a twelve month low of $7.64 and a twelve month high of $13.92.
Clipper Realty Company Profile
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.
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