Clipper Realty (NYSE:CLPR) Earns “Market Perform” Rating from JMP Securities

JMP Securities reiterated their market perform rating on shares of Clipper Realty (NYSE:CLPR) in a research report sent to investors on Thursday morning, MarketBeat reports.

Clipper Realty Price Performance

Shares of NYSE:CLPR opened at $4.35 on Thursday. Clipper Realty has a 1 year low of $4.31 and a 1 year high of $6.86. The firm has a market capitalization of $69.86 million, a price-to-earnings ratio of -9.67 and a beta of 1.22. The business’s 50 day moving average price is $4.78 and its 200-day moving average price is $4.97.

Clipper Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Wednesday, March 27th were given a dividend of $0.095 per share. The ex-dividend date was Tuesday, March 26th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 8.74%. Clipper Realty’s dividend payout ratio (DPR) is -84.44%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC lifted its position in shares of Clipper Realty by 0.4% during the 3rd quarter. FMR LLC now owns 1,153,013 shares of the company’s stock valued at $5,973,000 after buying an additional 4,691 shares in the last quarter. BlackRock Inc. raised its stake in Clipper Realty by 13.9% in the 2nd quarter. BlackRock Inc. now owns 979,584 shares of the company’s stock valued at $5,554,000 after purchasing an additional 119,559 shares during the last quarter. Vanguard Group Inc. raised its stake in Clipper Realty by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 729,554 shares of the company’s stock valued at $3,940,000 after purchasing an additional 5,873 shares during the last quarter. State of New Jersey Common Pension Fund D raised its stake in Clipper Realty by 1.5% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 347,500 shares of the company’s stock valued at $1,800,000 after purchasing an additional 5,000 shares during the last quarter. Finally, State Street Corp raised its stake in Clipper Realty by 3.5% in the 1st quarter. State Street Corp now owns 257,204 shares of the company’s stock valued at $2,333,000 after purchasing an additional 8,578 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.