Clipper Realty Inc. (NYSE:CLPR) has received an average broker rating score of 1.33 (Strong Buy) from the three analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation and two have given a strong buy recommendation to the company.

Brokerages have set a 1 year consensus price objective 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 assigned Clipper Realty an industry rank of 232 out of 265 based on the ratings given to its competitors.

CLPR has been the subject of a number of recent research reports. FBR & Co restated a “buy” rating and set a $16.00 target price on shares of Clipper Realty in a research report on Friday, October 27th. Zacks Investment Research cut Clipper Realty from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 31st. B. Riley reaffirmed a “buy” rating on shares of Clipper Realty in a research note on Wednesday, November 1st. Finally, Raymond James Financial reaffirmed a “buy” rating and set a $14.00 price objective on shares of Clipper Realty in a research note on Monday, December 4th.

Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in shares of Clipper Realty during the third quarter worth $291,000. Susquehanna International Group LLP acquired a new stake in shares of Clipper Realty during the third quarter worth $429,000. Asset Management One Co. Ltd. grew its stake in shares of Clipper Realty by 25,757.7% during the third quarter. Asset Management One Co. Ltd. now owns 28,702 shares of the company’s stock worth $314,000 after purchasing an additional 28,591 shares during the period. TCW Group Inc. grew its stake in shares of Clipper Realty by 63.1% during the third quarter. TCW Group Inc. now owns 57,159 shares of the company’s stock worth $612,000 after purchasing an additional 22,108 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Clipper Realty by 2,540.3% during the second quarter. Vanguard Group Inc. now owns 320,236 shares of the company’s stock worth $3,952,000 after purchasing an additional 308,107 shares during the period. 56.92% of the stock is owned by institutional investors and hedge funds.

Shares of Clipper Realty (NYSE:CLPR) opened at $8.26 on Thursday. The firm has a market capitalization of $147.14 and a price-to-earnings ratio of -41.30. Clipper Realty has a 52-week low of $7.64 and a 52-week high of $14.24.

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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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