Clipper Realty (NYSE:CLPR) Stock Price Down 2.8% - Time to Sell?

Key Points

• Shares fell 2.8% to $3.06 on Wednesday with volume roughly 48% below average, after the company reported a quarterly loss of $0.30 EPS that missed the $0.11 estimate and slightly missed revenue expectations; market cap is about $49.4 million.
• Clipper pays a quarterly dividend of $0.095 (annualized $0.38) giving a 12.4% yield, but the dividend payout ratio is negative (-27.74%), reflecting recent losses and raising sustainability concerns.
• Insiders have been buying shares—Director Sam Levinson added 33,494 shares—and insiders now own 53.01% of the stock while institutional investors hold about 37.6%, indicating concentrated ownership.

Shares of Clipper Realty Inc. (NYSE:CLPR - Get Free Report) traded down 2.8% on Wednesday . The company traded as low as $3.04 and last traded at $3.0610. 42,094 shares changed hands during trading, a decline of 48% from the average session volume of 80,900 shares. The stock had previously closed at $3.15.

Clipper Realty Stock Down 2.8%

The firm has a market cap of $49.44 million, a PE ratio of -2.23 and a beta of 0.97. The company's 50 day moving average price is $3.36 and its two-hundred day moving average price is $3.65.

Clipper Realty (NYSE:CLPR - Get Free Report) last released its earnings results on Thursday, February 26th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.41). The firm had revenue of $37.07 million for the quarter, compared to analysts' expectations of $38.10 million. On average, analysts expect that Clipper Realty Inc. will post 0.39 earnings per share for the current fiscal year.

Clipper Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Thursday, March 12th were paid a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 12.4%. The ex-dividend date of this dividend was Thursday, March 12th. Clipper Realty's dividend payout ratio (DPR) is currently -27.74%.

Insider Transactions at Clipper Realty

In other Clipper Realty news, Director Sam Levinson acquired 33,494 shares of the business's stock in a transaction on Monday, December 29th. The shares were bought at an average price of $3.71 per share, with a total value of $124,262.74. Following the transaction, the director directly owned 57,099 shares of the company's stock, valued at $211,837.29. The trade was a 141.89% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. In the last three months, insiders acquired 58,263 shares of company stock worth $216,184. 53.01% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CLPR. Focus Partners Wealth purchased a new stake in shares of Clipper Realty during the third quarter valued at about $335,000. ANTIPODES PARTNERS Ltd purchased a new position in shares of Clipper Realty in the 4th quarter worth approximately $202,000. Jane Street Group LLC raised its stake in shares of Clipper Realty by 56.4% during the 1st quarter. Jane Street Group LLC now owns 142,027 shares of the company's stock worth $545,000 after acquiring an additional 51,231 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Clipper Realty during the 1st quarter worth approximately $193,000. Finally, Geode Capital Management LLC lifted its position in Clipper Realty by 9.3% during the second quarter. Geode Capital Management LLC now owns 333,970 shares of the company's stock valued at $1,226,000 after acquiring an additional 28,385 shares during the last quarter. 37.57% of the stock is currently owned by hedge funds and other institutional investors.

Clipper Realty Company Profile

Clipper Realty Inc is a publicly traded real estate investment trust that acquires, owns and manages multifamily residential and mixed‐use properties in the Greater New York metropolitan area. Since its initial public offering in early 2017, the company has focused on strategically sourcing apartment buildings and retail space in Manhattan and Brooklyn, with an emphasis on value‐add opportunities that can benefit from in‐house leasing, renovation and operational efficiencies.

The company's primary activities include property acquisition, selective repositioning and asset management.

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