Clipper Realty Inc. (NYSE:CLPR – Get Free Report)’s stock price traded down 1% on Monday . The stock traded as low as $4.75 and last traded at $4.84. 51,405 shares traded hands during mid-day trading, a decline of 31% from the average session volume of 74,661 shares. The stock had previously closed at $4.89.
Clipper Realty Trading Down 1.0 %
The firm has a market capitalization of $77.83 million, a price-to-earnings ratio of -13.83 and a beta of 1.33. The company has a fifty day moving average price of $4.23 and a two-hundred day moving average price of $4.21.
Clipper Realty (NYSE:CLPR – Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.16). Clipper Realty had a negative return on equity of 85.95% and a negative net margin of 2.54%. The firm had revenue of $37.35 million for the quarter, compared to analyst estimates of $35.80 million. During the same quarter in the prior year, the business earned $0.13 EPS. As a group, equities research analysts expect that Clipper Realty Inc. will post 0.31 earnings per share for the current year.
Clipper Realty Dividend Announcement
Hedge Funds Weigh In On Clipper Realty
Several institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC increased its holdings in Clipper Realty by 25.6% during the 2nd quarter. Hsbc Holdings PLC now owns 24,770 shares of the company’s stock worth $87,000 after purchasing an additional 5,054 shares during the period. Vanguard Group Inc. increased its stake in shares of Clipper Realty by 0.7% during the first quarter. Vanguard Group Inc. now owns 735,024 shares of the company’s stock worth $3,550,000 after buying an additional 5,470 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Clipper Realty by 286.6% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,591 shares of the company’s stock valued at $62,000 after acquiring an additional 8,593 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in Clipper Realty in the second quarter worth approximately $38,000. 37.57% of the stock is owned by institutional investors and hedge funds.
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.
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