Clipper Realty (NYSE:CLPR) Downgraded 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 report report published on Monday morning, MarketBeat Ratings reports.

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

Clipper Realty Stock Down 6.4 %

CLPR stock opened at $4.07 on Monday. The firm has a market capitalization of $65.38 million, a PE ratio of -9.04 and a beta of 1.22. Clipper Realty has a twelve month low of $4.05 and a twelve month high of $6.86. The stock has a 50-day simple moving average of $4.76 and a two-hundred day simple moving average of $4.96.

Clipper Realty Announces Dividend

The firm also recently declared 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 of this dividend was Tuesday, March 26th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 9.34%. Clipper Realty’s dividend payout ratio (DPR) is presently -84.44%.

Institutional Trading of Clipper Realty

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Clipper Realty by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 729,554 shares of the company’s stock valued at $3,940,000 after acquiring an additional 5,873 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Clipper Realty during the 4th quarter valued at about $134,000. Barclays PLC boosted its position in shares of Clipper Realty by 31.8% during the 4th quarter. Barclays PLC now owns 81,470 shares of the company’s stock valued at $440,000 after acquiring an additional 19,650 shares during the last quarter. Bridgeway Capital Management LLC boosted its position in shares of Clipper Realty by 59.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 42,763 shares of the company’s stock valued at $231,000 after acquiring an additional 15,900 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of Clipper Realty by 19.4% during the 4th quarter. Northern Trust Corp now owns 122,737 shares of the company’s stock valued at $663,000 after acquiring an additional 19,968 shares during the last quarter. 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.