JPMorgan Chase & Co. Has $144,000 Position in Clipper Realty Inc. (NYSE:CLPR)

JPMorgan Chase & Co. grew its stake in shares of Clipper Realty Inc. (NYSE:CLPR) by 72.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,216 shares of the company’s stock after acquiring an additional 10,571 shares during the period. JPMorgan Chase & Co.’s holdings in Clipper Realty were worth $144,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in shares of Clipper Realty by 6.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,569 shares of the company’s stock worth $180,000 after purchasing an additional 1,873 shares in the last quarter. Hsbc Holdings PLC grew its position in Clipper Realty by 25.6% in the second quarter. Hsbc Holdings PLC now owns 24,770 shares of the company’s stock valued at $87,000 after acquiring an additional 5,054 shares during the last quarter. Geode Capital Management LLC increased its position in Clipper Realty by 3.2% during the 3rd quarter. Geode Capital Management LLC now owns 292,811 shares of the company’s stock worth $1,669,000 after purchasing an additional 9,009 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Clipper Realty during the second quarter worth $38,000. Finally, Pitcairn Co. bought a new position in Clipper Realty in the third quarter valued at about $62,000. 37.57% of the stock is owned by institutional investors and hedge funds.

Clipper Realty Price Performance

CLPR opened at $4.08 on Friday. The firm has a market capitalization of $65.62 million, a price-to-earnings ratio of -14.07 and a beta of 1.25. Clipper Realty Inc. has a fifty-two week low of $3.38 and a fifty-two week high of $7.12. The company’s 50 day moving average price is $4.64 and its two-hundred day moving average price is $5.01.

Clipper Realty (NYSE:CLPR) last announced its earnings results on Thursday, October 31st. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.15). The business had revenue of $37.62 million for the quarter, compared to the consensus estimate of $38.00 million. Clipper Realty had a negative net margin of 2.17% and a negative return on equity of 85.95%. During the same quarter in the previous year, the company earned $0.15 EPS. As a group, equities research analysts predict that Clipper Realty Inc. will post 0.48 EPS for the current year.

Clipper Realty 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.