Clipper Realty (NYSE:CLPR) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of Clipper Realty (NYSE:CLPR) from a hold rating to a sell rating in a research report report published on Thursday.

Clipper Realty Trading Up 0.2%

NYSE:CLPR opened at $3.96 on Thursday. Clipper Realty has a 1 year low of $3.38 and a 1 year high of $7.12. The firm has a 50 day moving average of $3.82 and a 200-day moving average of $4.38. The stock has a market capitalization of $63.93 million, a P/E ratio of -15.84 and a beta of 1.10.

Clipper Realty (NYSE:CLPR) last posted its quarterly earnings data on Monday, May 12th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. Clipper Realty had a negative net margin of 1.68% and a negative return on equity of 85.95%. The firm had revenue of $39.40 million during the quarter, compared to analysts’ expectations of $40.40 million. As a group, analysts forecast that Clipper Realty will post 0.39 EPS for the current fiscal year.

Clipper Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Tuesday, May 27th will be given a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 9.60%. The ex-dividend date is Tuesday, May 27th. Clipper Realty’s dividend payout ratio (DPR) is presently -37.25%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CLPR. Invesco Ltd. bought a new position in Clipper Realty in the 4th quarter worth approximately $6,776,000. O Shaughnessy Asset Management LLC raised its position in Clipper Realty by 687.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 151,088 shares of the company’s stock worth $692,000 after purchasing an additional 131,913 shares during the last quarter. Jane Street Group LLC raised its position in Clipper Realty by 757.8% in the 4th quarter. Jane Street Group LLC now owns 90,796 shares of the company’s stock worth $416,000 after purchasing an additional 80,211 shares during the last quarter. Cerity Partners LLC raised its position in Clipper Realty by 241.6% in 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 last quarter. Finally, Brookwood Investment Group LLC bought a new position in Clipper Realty in the 1st quarter worth approximately $207,000. Institutional investors own 37.57% of the company’s stock.

About Clipper Realty

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.