JMP Securities Lowers Clipper Realty’s Price Target to $11.00 for 2023
March 25, 2023
Trending News ☀️
This adjustment comes as Clipper Realty ($NYSE:CLPR) has seen a decrease in its stock prices, and as the real estate market continues to face uncertainty in the wake of the ongoing pandemic. Despite the downward revision, JMP Securities maintains a positive outlook for Clipper Realty and is still advocating for the stock as a long-term investment option for many investors. They believe that the company’s portfolio of multi-family, retail, and office properties in New York City will remain a valuable asset over time and will eventually recover from the current downturn. As such, it is important to understand that while Clipper Realty may not reach its previous peak prices in the short term, it could be a worthwhile investment in the long run.
Stock Price
At the start of the day, CLIPPER REALTY stock opened at $5.9 and closed at $5.7, a drop of 3.7% from its previous closing price of $5.9. This change in price target has had an impact on the stock price, indicating that investors are not overly confident in the company’s prospects for the future. It remains to be seen how the company will respond to this development and whether it will be able to regain investors’ confidence in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Clipper Realty. More…
| Total Revenues | Net Income | Net Margin |
| 129.75 | -5.73 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Clipper Realty. More…
| Operations | Investing | Financing |
| 20.14 | -51.48 | 9.78 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Clipper Realty. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.23k | 1.19k | 0.88 |
Key Ratios Snapshot
Some of the financial key ratios for Clipper Realty are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 21.7% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
At GoodWhale, we’ve conducted an analysis of CLIPPER REALTY‘s wellbeing and are pleased to report that according to our Risk Rating, CLIPPER REALTY is a low risk investment with regards to both financial and business aspects. However, we have detected one risk warning in CLIPPER REALTY’s balance sheet that could possibly affect their longterm financial health. If you’d like to learn more about this warning, please register on goodwhale.com to access our detailed report. More…
Peers
Kenedix Residential Next Investment Corp, Samty Residential Investment Corp, and European Residential REIT are all Japanese real estate investment trusts that also invest in primarily residential properties.
– Kenedix Residential Next Investment Corp ($TSE:3278)
Kenedix Residential Next Investment Corporation is a Japanese real estate investment trust (REIT) that was established in December 2010. The company invests in a portfolio of residential properties in the Tokyo metropolitan area. As of March 31, 2021, the company’s portfolio consisted of 33 properties with a total appraised value of JPY 557.6 billion. The company is headquartered in Tokyo, Japan.
– Samty Residential Investment Corp ($TSE:3459)
Samty Residential Investment Corp is a large company with a market cap of 100.13B as of 2022. The company is involved in the business of residential investment and management.
– European Residential REIT ($TSX:ERE.UN)
As of 2022, Residential REIT has a market cap of 279.87M. The company focuses on providing residential real estate services to its customers. It offers a variety of services such as property management, leasing, and sales. The company also provides financing options for its customers.
Summary
Initially, the media’s response to the news was mixed. However, the stock’s price has since moved down from the news. Investors are advised to do their own research and consider the risks associated with investing in CLIP before making any investment decisions. They should also review the company’s financial statements and look at their revenue and earnings growth, dividend history, and overall financial health of the company before making a decision.
Related Posts
Recent Posts
