Clipper Realty (NYSE:CLPR) Shares Down 1%

Clipper Realty Inc. (NYSE:CLPR)’s stock price dropped 1% on Monday . The company traded as low as $4.75 and last traded at $4.84. Approximately 51,405 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 74,661 shares. The stock had previously closed at $4.89.

Clipper Realty Trading Down 1.0 %

The company has a market capitalization of $77.83 million, a price-to-earnings ratio of -13.83 and a beta of 1.33. The firm’s 50 day simple moving average is $4.23 and its 200-day simple moving average is $4.21.

Clipper Realty (NYSE:CLPR) last issued its earnings results on Thursday, August 1st. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.16). The firm had revenue of $37.35 million during the quarter, compared to analysts’ expectations of $35.80 million. Clipper Realty had a negative net margin of 2.54% and a negative return on equity of 85.95%. During the same period in the previous year, the firm earned $0.13 EPS. As a group, sell-side analysts forecast that Clipper Realty Inc. will post 0.31 EPS for the current fiscal year.

Clipper Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 7.85%. The ex-dividend date of this dividend was Thursday, August 15th. Clipper Realty’s payout ratio is -108.57%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CLPR. Marshall Wace LLP purchased a new position in Clipper Realty in the second quarter valued at about $38,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Clipper Realty by 286.6% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,591 shares of the company’s stock worth $62,000 after acquiring an additional 8,593 shares during the period. Hsbc Holdings PLC increased its stake in Clipper Realty by 25.6% in the 2nd quarter. Hsbc Holdings PLC now owns 24,770 shares of the company’s stock valued at $87,000 after purchasing an additional 5,054 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in 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 purchasing an additional 5,470 shares during the last quarter. Hedge funds and other institutional investors own 37.57% of the company’s stock.

Clipper Realty Company Profile

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.