Clipper Realty Inc. (NYSE:CLPR - Get Free Report)'s stock price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $4.21 and traded as low as $3.80. Clipper Realty shares last traded at $3.89, with a volume of 85,915 shares.
Clipper Realty Trading Down 2.7 %
The firm has a market cap of $58.29 million, a PE ratio of -14.44 and a beta of 1.01. The business's 50-day simple moving average is $4.19 and its 200 day simple moving average is $4.91.
Clipper Realty (NYSE:CLPR - Get Free Report) last issued its quarterly earnings data on Friday, February 14th. The company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.07. The company 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%. Analysts expect that Clipper Realty Inc. will post 0.39 earnings per share for the current year.
Clipper Realty Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 19th were given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 10.53%. 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 hedge funds and other institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its position in Clipper Realty by 6.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,569 shares of the company's stock valued at $180,000 after buying an additional 1,873 shares in the last quarter. FMR LLC increased its holdings in shares of Clipper Realty by 280.1% during the third quarter. FMR LLC now owns 28,180 shares of the company's stock valued at $161,000 after acquiring an additional 20,767 shares in the last quarter. Barclays PLC raised its position in shares of Clipper Realty by 18.8% in the 3rd quarter. Barclays PLC now owns 82,621 shares of the company's stock valued at $472,000 after purchasing an additional 13,100 shares during the last quarter. Geode Capital Management LLC boosted its stake in Clipper Realty by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 292,811 shares of the company's stock worth $1,669,000 after purchasing an additional 9,009 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in 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 purchasing an additional 10,571 shares during the last quarter. 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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