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.

COPYRIGHT VIOLATION NOTICE: “Clipper Realty Inc (CLPR) Lifted to Hold at Zacks Investment Research” was originally published by Watch List News and is owned by of Watch List News. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this report can be viewed at

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.

Receive News & Ratings for Clipper Realty Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clipper Realty Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.