Clipper Realty (NYSE:CLPR - Get Free Report)'s stock had its "market perform" rating restated by equities researchers at JMP Securities in a note issued to investors on Thursday, Marketbeat reports.
Clipper Realty Price Performance
Shares of NYSE CLPR traded down $0.11 during mid-day trading on Thursday, reaching $4.41. 43,937 shares of the company traded hands, compared to its average volume of 43,443. Clipper Realty has a fifty-two week low of $4.40 and a fifty-two week high of $6.86. The firm has a market cap of $70.84 million, a PE ratio of -10.04 and a beta of 1.22. The stock has a fifty day simple moving average of $4.81 and a 200-day simple moving average of $4.98.
Institutional Investors Weigh In On Clipper Realty
Hedge funds and other institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. bought a new position in shares of Clipper Realty in the fourth quarter valued at $26,000. BNP Paribas Arbitrage SNC boosted its stake in shares of Clipper Realty by 73.4% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 4,391 shares of the company's stock worth $31,000 after acquiring an additional 1,858 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Clipper Realty by 232.3% in the 1st quarter. Tower Research Capital LLC TRC now owns 5,150 shares of the company's stock worth $29,000 after acquiring an additional 3,600 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Clipper Realty by 130.5% during the second quarter. Wells Fargo & Company MN now owns 5,293 shares of the company's stock worth $30,000 after purchasing an additional 2,997 shares during the period. Finally, Deutsche Bank AG lifted its holdings in shares of Clipper Realty by 51.9% during the first quarter. Deutsche Bank AG now owns 8,531 shares of the company's stock valued at $49,000 after purchasing an additional 2,916 shares during the last quarter. 37.57% of the stock is currently owned by institutional investors.
About Clipper Realty
(
Get Free Report)
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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