Clipper Realty (NYSE:CLPR) Rating Lowered to Underperform at Raymond James

Raymond James cut shares of Clipper Realty (NYSE:CLPR) from an outperform rating to an underperform rating in a research note released on Monday, Marketbeat.com reports.

Separately, JMP Securities reiterated a market perform rating on shares of Clipper Realty in a research report on Thursday, April 11th.

Clipper Realty Stock Performance

Shares of CLPR opened at $3.69 on Monday. The stock’s 50-day simple moving average is $4.70 and its 200 day simple moving average is $4.94. The stock has a market capitalization of $59.26 million, a price-to-earnings ratio of -8.20 and a beta of 1.22. Clipper Realty has a 52-week low of $3.65 and a 52-week high of $6.86.

Clipper Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Wednesday, March 27th were paid a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 10.30%. The ex-dividend date was Tuesday, March 26th. Clipper Realty’s payout ratio is -84.44%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. FMR LLC lifted its position in shares of Clipper Realty by 0.4% in the third quarter. FMR LLC now owns 1,153,013 shares of the company’s stock valued at $5,973,000 after acquiring an additional 4,691 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its position in shares of Clipper Realty by 16.4% during the third quarter. B. Riley Wealth Advisors Inc. now owns 22,322 shares of the company’s stock valued at $116,000 after buying an additional 3,137 shares during the period. O Shaughnessy Asset Management LLC purchased a new position in shares of Clipper Realty during the third quarter valued at approximately $79,000. State of New Jersey Common Pension Fund D raised its stake in shares of Clipper Realty by 1.5% during the third 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 acquiring an additional 5,000 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in shares of Clipper Realty by 51.9% during the first quarter. Deutsche Bank AG now owns 8,531 shares of the company’s stock valued at $49,000 after acquiring an additional 2,916 shares in the last quarter. Hedge funds and other 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.