Clipper Realty Inc (CLPR) Research Coverage Started at JMP Securities

JMP Securities began coverage on shares of Clipper Realty Inc (NASDAQ:CLPR) in a research report issued on Monday. The firm set an “outperform” rating on the stock.

Separately, Zacks Investment Research upgraded shares of Clipper Realty from a “sell” rating to a “hold” rating in a research report on Wednesday, August 30th.

Shares of Clipper Realty (NASDAQ:CLPR) opened at 10.96 on Monday. Clipper Realty has a 12-month low of $9.98 and a 12-month high of $15.00. The company’s market cap is $195.22 million. The company’s 50-day moving average is $10.87 and its 200-day moving average is $10.87.

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Several institutional investors have recently added to or reduced their stakes in the company. CI Investments Inc. raised its position in shares of Clipper Realty by 0.9% during the second quarter. CI Investments Inc. now owns 286,200 shares of the company’s stock valued at $3,532,000 after buying an additional 2,600 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of Clipper Realty during the first quarter valued at approximately $162,000. The Manufacturers Life Insurance Company bought a new stake in shares of Clipper Realty during the second quarter valued at approximately $180,000. California State Teachers Retirement System raised its position in shares of Clipper Realty by 132.5% during the second quarter. California State Teachers Retirement System now owns 26,500 shares of the company’s stock valued at $327,000 after buying an additional 15,100 shares during the last quarter. Finally, Teachers Insurance & Annuity Association of America bought a new stake in shares of Clipper Realty during the second quarter valued at approximately $189,000.

About Clipper Realty

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 Tri

Separately, Zacks Investment Research upgraded shares of Clipper Realty from a “sell” rating to a “hold” rating in a research report on Wednesday, August 30th.

Shares of Clipper Realty (NASDAQ:CLPR) opened at 10.96 on Monday. Clipper Realty has a 12-month low of $9.98 and a 12-month high of $15.00. The company’s market cap is $195.22 million. The company’s 50-day moving average is $10.87 and its 200-day moving average is $10.87.

ILLEGAL ACTIVITY WARNING: This article was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another website, it was stolen and republished in violation of international copyright laws. The correct version of this article can be accessed at https://ledgergazette.com/2017/10/09/clipper-realty-inc-clpr-research-coverage-started-at-jmp-securities.html.

Several institutional investors have recently added to or reduced their stakes in the company. CI Investments Inc. raised its position in shares of Clipper Realty by 0.9% during the second quarter. CI Investments Inc. now owns 286,200 shares of the company’s stock valued at $3,532,000 after buying an additional 2,600 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of Clipper Realty during the first quarter valued at approximately $162,000. The Manufacturers Life Insurance Company bought a new stake in shares of Clipper Realty during the second quarter valued at approximately $180,000. California State Teachers Retirement System raised its position in shares of Clipper Realty by 132.5% during the second quarter. California State Teachers Retirement System now owns 26,500 shares of the company’s stock valued at $327,000 after buying an additional 15,100 shares during the last quarter. Finally, Teachers Insurance & Annuity Association of America bought a new stake in shares of Clipper Realty during the second quarter valued at approximately $189,000.

About Clipper Realty

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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