Clipper Realty (NYSE:CLPR - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Thursday.
Clipper Realty Trading Up 2.1%
Shares of CLPR traded up $0.08 during midday trading on Thursday, hitting $3.93. 36,382 shares of the company's stock traded hands, compared to its average volume of 120,906. The stock has a market capitalization of $63.46 million, a price-to-earnings ratio of -15.72 and a beta of 1.10. Clipper Realty has a 1 year low of $3.38 and a 1 year high of $7.12. The firm's fifty day moving average is $3.82 and its 200-day moving average is $4.33.
Clipper Realty (NYSE:CLPR - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.03. The company had revenue of $39.40 million during the quarter, compared to analysts' expectations of $40.40 million. Clipper Realty had a negative return on equity of 85.95% and a negative net margin of 1.68%. On average, equities research analysts anticipate that Clipper Realty will post 0.39 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its holdings in shares of Clipper Realty by 72.2% during the third quarter. JPMorgan Chase & Co. now owns 25,216 shares of the company's stock valued at $144,000 after buying an additional 10,571 shares during the last quarter. D Orazio & Associates Inc. acquired a new stake in Clipper Realty during the 4th quarter worth about $47,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in Clipper Realty by 6.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 83,404 shares of the company's stock valued at $382,000 after purchasing an additional 4,701 shares during the last quarter. O Shaughnessy Asset Management LLC grew its stake in Clipper Realty by 687.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 151,088 shares of the company's stock valued at $692,000 after purchasing an additional 131,913 shares during the last quarter. Finally, Cerity Partners LLC increased its holdings in shares of Clipper Realty by 241.6% in the fourth quarter. Cerity Partners LLC now owns 90,443 shares of the company's stock valued at $428,000 after purchasing an additional 63,968 shares during the period. Hedge funds and other institutional investors own 37.57% of the company's stock.
About Clipper Realty
(
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.
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