Clipper Realty (NYSE:CLPR) Rating Increased to Hold at Wall Street Zen

Key Points

• Clipper Realty has been upgraded from a "strong sell" to a "hold" rating by Wall Street Zen, indicating a more favorable outlook for the stock.
• The stock's price jumped 14.2% recently, reaching $4.02, while its market cap stands at approximately $64.92 million.
• In its latest earnings report, Clipper Realty posted earnings per share of $0.20, surpassing analyst expectations of $0.13.

Clipper Realty (NYSE:CLPR - Get Free Report) was upgraded by Wall Street Zen from a "strong sell" rating to a "hold" rating in a research report issued to clients and investors on Sunday.

Clipper Realty Stock Up 14.2%

CLPR opened at $4.02 on Friday. The business's fifty day simple moving average is $3.79 and its 200 day simple moving average is $3.94. Clipper Realty has a 52 week low of $3.39 and a 52 week high of $7.12. The stock has a market cap of $64.92 million, a PE ratio of -3.90 and a beta of 1.06.

Clipper Realty (NYSE:CLPR - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.07. The business had revenue of $39.04 million for the quarter, compared to analysts' expectations of $39.10 million. As a group, equities analysts anticipate that Clipper Realty will post 0.39 earnings per share for the current year.

Institutional Trading of Clipper Realty

Institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. boosted its holdings in shares of Clipper Realty by 35.5% during the first quarter. Russell Investments Group Ltd. now owns 11,194 shares of the company's stock worth $43,000 after purchasing an additional 2,930 shares during the period. Balyasny Asset Management L.P. purchased a new stake in shares of Clipper Realty during the fourth quarter worth about $87,000. XTX Topco Ltd purchased a new stake in shares of Clipper Realty during the first quarter worth about $82,000. Two Sigma Investments LP purchased a new stake in Clipper Realty in the fourth quarter worth about $103,000. Finally, AQR Capital Management LLC lifted its holdings in Clipper Realty by 12.3% in the first quarter. AQR Capital Management LLC now owns 22,698 shares of the company's stock worth $87,000 after buying an additional 2,491 shares during the period. 37.57% of the stock is currently owned by hedge funds and other institutional investors.

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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