Clipper Realty (NYSE:CLPR) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

by · The Markets Daily

Clipper Realty Inc. (NYSE:CLPRGet Free Report)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.32 and traded as low as $3.05. Clipper Realty shares last traded at $3.14, with a volume of 156,425 shares changing hands.

Analyst Ratings Changes

Separately, Wall Street Zen cut Clipper Realty from a “hold” rating to a “sell” rating in a research report on Sunday, May 31st. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Get Our Latest Analysis on CLPR

Clipper Realty Stock Up 3.0%

The firm has a market cap of $50.74 million, a price-to-earnings ratio of -3.88 and a beta of 0.96. The business’s 50-day simple moving average is $3.19 and its two-hundred day simple moving average is $3.32.

Clipper Realty (NYSE:CLPRGet Free Report) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.39). The company had revenue of $38.12 million for the quarter, compared to analysts’ expectations of $39.60 million. On average, analysts expect that Clipper Realty Inc. will post 0.26 earnings per share for the current year.

Clipper Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Tuesday, May 26th were paid a dividend of $0.095 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $0.38 annualized dividend and a yield of 12.1%. Clipper Realty’s dividend payout ratio (DPR) is -46.91%.

Hedge Funds Weigh In On Clipper Realty

Large investors have recently made changes to their positions in the stock. Virtu Financial LLC purchased a new position in shares of Clipper Realty in the fourth quarter valued at approximately $42,000. Russell Investments Group Ltd. raised its holdings in shares of Clipper Realty by 161.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 12,673 shares of the company’s stock valued at $48,000 after purchasing an additional 7,824 shares in the last quarter. Abel Hall LLC purchased a new stake in shares of Clipper Realty during the 3rd quarter worth $52,000. Wells Fargo & Company MN increased its holdings in Clipper Realty by 48.0% in the fourth quarter. Wells Fargo & Company MN now owns 15,485 shares of the company’s stock valued at $59,000 after buying an additional 5,023 shares during the last quarter. Finally, Deutsche Bank AG purchased a new stake in Clipper Realty during the 4th quarter worth about $63,000. 37.57% of the stock is currently owned by institutional investors and hedge funds.

Clipper Realty Company Profile

(Get Free Report)

Clipper Realty Inc is a publicly traded real estate investment trust that acquires, owns and manages multifamily residential and mixed‐use properties in the Greater New York metropolitan area. Since its initial public offering in early 2017, the company has focused on strategically sourcing apartment buildings and retail space in Manhattan and Brooklyn, with an emphasis on value‐add opportunities that can benefit from in‐house leasing, renovation and operational efficiencies.

The company’s primary activities include property acquisition, selective repositioning and asset management.

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