Clipper Realty Inc (NASDAQ:CLPR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

According to Zacks, “Clipper Realty Inc. is a real estate investment trust. The Company specializes in acquiring, owning, repositioning, operating and managing asset. Clipper Realty Inc. is headquartered in Brooklyn, New York. “

A number of other analysts have also recently commented on the company. JMP Securities started coverage on Clipper Realty in a research report on Monday, October 9th. They set an “outperform” rating and a $17.00 price target for the company. FBR & Co reaffirmed a “buy” rating and set a $16.00 price target on shares of Clipper Realty in a research report on Friday, October 27th.

Shares of Clipper Realty (NASDAQ CLPR) traded down $0.05 on Tuesday, reaching $10.66. The company’s stock had a trading volume of 52,264 shares, compared to its average volume of 42,395. Clipper Realty has a 12 month low of $9.98 and a 12 month high of $15.00.

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A number of institutional investors and hedge funds have recently modified their holdings of the business. CI Investments Inc. lifted its position in Clipper Realty by 0.9% during the 2nd quarter. CI Investments Inc. now owns 286,200 shares of the company’s stock worth $3,532,000 after acquiring an additional 2,600 shares during the period. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Clipper Realty during the 3rd quarter worth about $143,000. The Manufacturers Life Insurance Company acquired a new stake in Clipper Realty during the 2nd quarter worth about $180,000. California State Teachers Retirement System lifted its holdings in shares of Clipper Realty by 132.5% in the 2nd 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 period. Finally, Teachers Insurance & Annuity Association of America acquired a new position in shares of Clipper Realty in the 2nd quarter valued at about $189,000.

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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