Clipper Realty (NYSE:CLPR) Given “Market Perform” Rating at JMP Securities

Clipper Realty (NYSE:CLPR)‘s stock had its “market perform” rating restated by stock analysts at JMP Securities in a research note issued to investors on Thursday, Marketbeat.com reports.

Clipper Realty Stock Performance

Shares of Clipper Realty stock opened at $4.37 on Thursday. The company has a market capitalization of $70.18 million, a PE ratio of -9.71 and a beta of 1.22. The company has a 50-day simple moving average of $4.78 and a two-hundred day simple moving average of $4.97. Clipper Realty has a one year low of $4.31 and a one year high of $6.86.

Hedge Funds Weigh In On Clipper Realty

Large investors have recently added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of Clipper Realty by 0.4% during the third quarter. FMR LLC now owns 1,153,013 shares of the company’s stock valued at $5,973,000 after acquiring an additional 4,691 shares in the last quarter. BlackRock Inc. boosted its position in Clipper Realty by 13.9% in the 2nd quarter. BlackRock Inc. now owns 979,584 shares of the company’s stock worth $5,554,000 after purchasing an additional 119,559 shares in the last quarter. Vanguard Group Inc. boosted its position in Clipper Realty by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 729,554 shares of the company’s stock worth $3,940,000 after purchasing an additional 5,873 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in Clipper Realty by 1.5% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 347,500 shares of the company’s stock worth $1,800,000 after purchasing an additional 5,000 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Clipper Realty by 3.5% during the 1st quarter. State Street Corp now owns 257,204 shares of the company’s stock valued at $2,333,000 after buying an additional 8,578 shares in the last quarter. 37.57% of the stock is currently owned by institutional investors.

About Clipper Realty

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.