Clipper Realty (NYSE:CLPR) Stock Passes Below 50-Day Moving Average – What’s Next?

Shares of Clipper Realty Inc. (NYSE:CLPR) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $4.21 and traded as low as $3.80. Clipper Realty shares last traded at $3.89, with a volume of 85,915 shares.

Clipper Realty Stock Performance

The firm has a market cap of $62.81 million, a P/E ratio of -15.56 and a beta of 1.32. The firm’s fifty day simple moving average is $4.21 and its 200 day simple moving average is $4.96.

Clipper Realty (NYSE:CLPR) last posted its earnings results on Friday, February 14th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.07. The company had revenue of $38.05 million for the quarter, compared to the consensus estimate of $38.70 million. Clipper Realty had a negative return on equity of 85.95% and a negative net margin of 1.68%. On average, equities research analysts predict that Clipper Realty Inc. will post 0.39 earnings per share for the current year.

Clipper Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 19th will be given a dividend of $0.095 per share. The ex-dividend date is Wednesday, March 19th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 9.77%. Clipper Realty’s dividend payout ratio is currently -152.00%.

Institutional Investors Weigh In On Clipper Realty

Several large investors have recently bought and sold shares of the business. D Orazio & Associates Inc. bought a new position in Clipper Realty during the fourth quarter valued at $47,000. Kathmere Capital Management LLC bought a new position in shares of Clipper Realty in the 4th quarter valued at about $78,000. Balyasny Asset Management L.P. bought a new position in shares of Clipper Realty in the 4th quarter valued at about $87,000. Two Sigma Investments LP purchased a new position in Clipper Realty in the fourth quarter worth about $103,000. Finally, JPMorgan Chase & Co. increased its stake in Clipper Realty by 72.2% during the third quarter. JPMorgan Chase & Co. now owns 25,216 shares of the company’s stock worth $144,000 after acquiring an additional 10,571 shares during the last quarter. Institutional investors own 37.57% of the company’s stock.

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.