Clipper Realty Inc. (NYSE:CLPR - Get Free Report) was the recipient of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 256,800 shares, a decrease of 29.4% from the March 31st total of 363,500 shares. Currently, 1.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 136,400 shares, the days-to-cover ratio is currently 1.9 days.
Clipper Realty Trading Up 5.0 %
Shares of CLPR stock traded up $0.18 during trading hours on Friday, reaching $3.77. The stock had a trading volume of 60,607 shares, compared to its average volume of 123,065. The stock's fifty day simple moving average is $3.94 and its 200 day simple moving average is $4.60. The firm has a market capitalization of $60.87 million, a PE ratio of -15.08 and a beta of 1.10. Clipper Realty has a 12 month low of $3.38 and a 12 month high of $7.12.
Clipper Realty (NYSE:CLPR - Get Free Report) last announced its quarterly earnings results on Friday, February 14th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.12 by $0.07. The firm had revenue of $38.05 million during the quarter, compared to the consensus estimate of $38.70 million. Clipper Realty had a negative net margin of 1.68% and a negative return on equity of 85.95%. As a group, equities research analysts anticipate that Clipper Realty will post 0.39 EPS for the current fiscal year.
Clipper Realty Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 19th were given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 10.08%. The ex-dividend date of this dividend was Wednesday, March 19th. Clipper Realty's payout ratio is -152.00%.
Institutional Trading of Clipper Realty
Several institutional investors and hedge funds have recently modified their holdings of CLPR. D Orazio & Associates Inc. purchased a new position in shares of Clipper Realty during the fourth quarter worth about $47,000. Kathmere Capital Management LLC purchased a new position in Clipper Realty in the 4th quarter worth approximately $78,000. Balyasny Asset Management L.P. bought a new position in shares of Clipper Realty in the 4th quarter worth $87,000. Two Sigma Investments LP purchased a new stake in shares of Clipper Realty during the 4th quarter valued at $103,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Clipper Realty by 72.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 25,216 shares of the company's stock worth $144,000 after acquiring an additional 10,571 shares during the last quarter. Hedge funds and other institutional investors own 37.57% of the company's stock.
Clipper Realty Company Profile
(
Get Free Report)
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.
See Also
Before you consider Clipper Realty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Clipper Realty wasn't on the list.
While Clipper Realty currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
