Wall Street Zen Downgrades Clipper Realty (NYSE:CLPR) to Sell

Clipper Realty (NYSE:CLPR - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Thursday.

Clipper Realty Stock Performance

Shares of Clipper Realty stock traded down $0.03 during trading on Thursday, reaching $3.92. The company had a trading volume of 2,106 shares, compared to its average volume of 122,217. Clipper Realty has a fifty-two week low of $3.38 and a fifty-two week high of $7.12. The firm's fifty day moving average is $3.82 and its 200-day moving average is $4.39. The company has a market cap of $63.28 million, a price-to-earnings ratio of -15.68 and a beta of 1.10.

Clipper Realty (NYSE:CLPR - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03. Clipper Realty had a negative return on equity of 85.95% and a negative net margin of 1.68%. The firm had revenue of $39.40 million for the quarter, compared to analysts' expectations of $40.40 million. On average, research analysts anticipate that Clipper Realty will post 0.39 EPS for the current fiscal year.

Institutional Trading of Clipper Realty

Institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. acquired a new position in shares of Clipper Realty in the 4th quarter valued at about $6,776,000. O Shaughnessy Asset Management LLC boosted its stake in Clipper Realty by 687.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 151,088 shares of the company's stock valued at $692,000 after acquiring an additional 131,913 shares during the period. Jane Street Group LLC grew its holdings in shares of Clipper Realty by 757.8% during the fourth quarter. Jane Street Group LLC now owns 90,796 shares of the company's stock valued at $416,000 after purchasing an additional 80,211 shares during the last quarter. Cerity Partners LLC raised its position in shares of Clipper Realty by 241.6% during the 4th quarter. Cerity Partners LLC now owns 90,443 shares of the company's stock worth $428,000 after purchasing an additional 63,968 shares during the period. Finally, Brookwood Investment Group LLC bought a new stake in shares of Clipper Realty in the 1st quarter worth approximately $207,000. Institutional investors own 37.57% of the company's stock.

Clipper Realty Company Profile

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.

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