Headlines about Clipper Realty (NYSE:CLPR) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Clipper Realty earned a coverage optimism score of 0.05 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.6808038584367 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of research analysts have recently weighed in on the stock. B. Riley initiated coverage on shares of Clipper Realty in a research note on Monday, March 12th. They set a “buy” rating and a $16.00 price objective for the company. Zacks Investment Research upgraded shares of Clipper Realty from a “strong sell” rating to a “hold” rating in a report on Monday, February 5th. Finally, Raymond James Financial reiterated a “buy” rating and issued a $14.00 price target on shares of Clipper Realty in a report on Monday, December 4th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $15.00.
CLPR stock traded down $0.19 on Wednesday, hitting $8.55. 30,103 shares of the stock traded hands, compared to its average volume of 51,095. Clipper Realty has a one year low of $7.64 and a one year high of $13.56. The company has a market cap of $162.45 and a P/E ratio of -58.93.
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Clipper Realty Company Profile
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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