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 note issued on Monday.
Clipper Realty Price Performance
Shares of CLPR stock traded up $0.0150 during mid-day trading on Monday, hitting $4.0150. The stock had a trading volume of 46,863 shares, compared to its average volume of 111,645. Clipper Realty has a 12-month low of $3.39 and a 12-month high of $7.12. The firm's 50-day moving average is $3.80 and its two-hundred day moving average is $3.93. The firm has a market capitalization of $64.84 million, a P/E ratio of -3.90 and a beta of 1.06.
Clipper Realty (NYSE:CLPR - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.07. The business had revenue of $39.04 million during the quarter, compared to analysts' expectations of $39.10 million. Analysts expect that Clipper Realty will post 0.39 EPS for the current year.
Hedge Funds Weigh In On Clipper Realty
A number of large investors have recently added to or reduced their stakes in CLPR. Russell Investments Group Ltd. boosted its holdings in shares of Clipper Realty by 35.5% in the 1st quarter. Russell Investments Group Ltd. now owns 11,194 shares of the company's stock valued at $43,000 after buying an additional 2,930 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in Clipper Realty in the second quarter valued at approximately $70,000. XTX Topco Ltd purchased a new position in Clipper Realty in the first quarter worth $82,000. Balyasny Asset Management L.P. purchased a new position in Clipper Realty in the fourth quarter worth $87,000. Finally, AQR Capital Management LLC lifted its holdings in shares of Clipper Realty by 12.3% during the 1st quarter. AQR Capital Management LLC now owns 22,698 shares of the company's stock valued at $87,000 after purchasing an additional 2,491 shares during the last quarter. 37.57% of the stock is currently owned by institutional investors.
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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