Clipper Realty (NYSE:CLPR - Get Free Report) was downgraded by equities researchers at Raymond James from an "outperform" rating to an "underperform" rating in a research note issued on Monday, Marketbeat reports.
Separately, JMP Securities reaffirmed a "market perform" rating on shares of Clipper Realty in a report on Thursday.
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Clipper Realty Price Performance
Shares of CLPR traded down $0.28 during mid-day trading on Monday, reaching $4.07. The company had a trading volume of 91,131 shares, compared to its average volume of 44,256. Clipper Realty has a twelve month low of $4.05 and a twelve month high of $6.86. The company's 50-day moving average is $4.76 and its 200-day moving average is $4.96. The company has a market capitalization of $65.38 million, a P/E ratio of -9.04 and a beta of 1.22.
Institutional Trading of Clipper Realty
A number of institutional investors have recently modified their holdings of CLPR. FMR LLC raised its holdings in Clipper Realty by 0.4% during the third quarter. FMR LLC now owns 1,153,013 shares of the company's stock worth $5,973,000 after acquiring an additional 4,691 shares in the last quarter. BlackRock Inc. raised its holdings in Clipper Realty by 13.9% during the second quarter. BlackRock Inc. now owns 979,584 shares of the company's stock worth $5,554,000 after acquiring an additional 119,559 shares in the last quarter. Vanguard Group Inc. raised its holdings in Clipper Realty by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 729,554 shares of the company's stock worth $3,940,000 after acquiring an additional 5,873 shares in the last quarter. State of New Jersey Common Pension Fund D raised its holdings in Clipper Realty by 1.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 347,500 shares of the company's stock worth $1,800,000 after acquiring an additional 5,000 shares in the last quarter. Finally, State Street Corp raised its holdings in Clipper Realty by 3.5% during the first quarter. State Street Corp now owns 257,204 shares of the company's stock worth $2,333,000 after acquiring an additional 8,578 shares in the last quarter. 37.57% of the stock is currently owned by institutional investors.
About Clipper Realty
(
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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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