Clipper Realty (NYSE:CLPR) Trading 5.9% Higher – Time to Buy?

Clipper Realty Inc. (NYSE:CLPR)’s stock price shot up 5.9% during trading on Monday . The stock traded as high as $3.86 and last traded at $3.84. 88,709 shares traded hands during trading, a decline of 26% from the average session volume of 119,895 shares. The stock had previously closed at $3.63.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Clipper Realty from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd.

Clipper Realty Stock Up 5.9%

The company has a market capitalization of $62.08 million, a P/E ratio of -3.77 and a beta of 0.99. The business has a fifty day moving average price of $3.89 and a 200 day moving average price of $4.00.

Clipper Realty (NYSE:CLPR) last released its earnings results on Monday, May 12th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The company had revenue of $39.40 million during the quarter, compared to analyst estimates of $40.40 million. As a group, equities analysts forecast that Clipper Realty Inc. will post 0.39 earnings per share for the current year.

Clipper Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Tuesday, May 27th were given a dividend of $0.095 per share. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $0.38 annualized dividend and a yield of 9.89%. Clipper Realty’s dividend payout ratio (DPR) is presently -37.25%.

Institutional Investors Weigh In On Clipper Realty

Institutional investors have recently modified their holdings of the business. Jane Street Group LLC increased its holdings in Clipper Realty by 757.8% in the 4th quarter. Jane Street Group LLC now owns 90,796 shares of the company’s stock valued at $416,000 after buying an additional 80,211 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in Clipper Realty by 687.9% during the fourth 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. Invesco Ltd. acquired a new stake in shares of Clipper Realty in the 4th quarter valued at $6,776,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Clipper Realty by 6.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 83,404 shares of the company’s stock valued at $382,000 after purchasing an additional 4,701 shares during the last quarter. Finally, Two Sigma Investments LP acquired a new position in shares of Clipper Realty during the 4th quarter worth $103,000. 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.