Clipper Realty (NYSE:CLPR) Rating Lowered to Sell at Wall Street Zen

Clipper Realty (NYSE:CLPR) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Thursday.

Clipper Realty Stock Up 0.4%

Shares of CLPR opened at $3.96 on Thursday. Clipper Realty has a 52-week low of $3.38 and a 52-week high of $7.12. The stock has a market cap of $63.86 million, a PE ratio of -15.82 and a beta of 1.10. The firm’s fifty day moving average is $3.82 and its two-hundred day moving average is $4.37.

Clipper Realty (NYSE:CLPR) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. The firm had revenue of $39.40 million for the quarter, compared to the consensus estimate of $40.40 million. Clipper Realty had a negative net margin of 1.68% and a negative return on equity of 85.95%. As a group, research analysts anticipate that Clipper Realty will post 0.39 earnings per share for the current year.

Institutional Investors Weigh In On Clipper Realty

A number of large investors have recently made changes to their positions in the stock. Jane Street Group LLC increased its stake in shares of Clipper Realty by 56.4% in the 1st quarter. Jane Street Group LLC now owns 142,027 shares of the company’s stock worth $545,000 after acquiring an additional 51,231 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Clipper Realty by 25.4% in the first quarter. Goldman Sachs Group Inc. now owns 97,027 shares of the company’s stock valued at $373,000 after purchasing an additional 19,640 shares during the period. AQR Capital Management LLC increased its position in Clipper Realty by 12.3% during the first quarter. AQR Capital Management LLC now owns 22,698 shares of the company’s stock worth $87,000 after purchasing an additional 2,491 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Clipper Realty during the first quarter worth about $193,000. Finally, Russell Investments Group Ltd. raised its stake in Clipper Realty by 35.5% during the first quarter. Russell Investments Group Ltd. now owns 11,194 shares of the company’s stock worth $43,000 after purchasing an additional 2,930 shares during the period. 37.57% of the stock is currently owned by hedge funds and other institutional investors.

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.