Clipper Realty Inc
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Real Estate : Equity Real Estate Investment Trusts (REITs) | Small Cap Blend
Company profile

Clipper Realty, Inc. is a real estate investment trust, which acquires, owns, manages, operates and repositions multi-family residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn. The Company's segments include Commercial and Residential. As of June 30, 2016, it owned two residential/retail rental properties at 50 Murray Street and 53 Park Place in the Tribeca neighborhood of Manhattan, referred to as the Tribeca House properties. As of June 30, 2016, it also owned a residential property complex in the East Flatbush neighborhood of Brooklyn consisting of 59 buildings, referred to as the Flatbush Gardens properties or complex. As of June 30, 2016, it owned two primarily commercial properties in Downtown Brooklyn (one of which included 36 residential apartment units), referred to as the 141 Livingston Street property and the 250 Livingston Street property, and also owned the Aspen property.

Price
Delayed
$8.22
Day's Change
0.17 (2.11%)
Bid
--
Ask
--
B/A Size
--
Day's High
8.22
Day's Low
8.07
Volume
(Light)

Today's volume of 14,736 shares is on pace to be much lighter than CLPR's 10-day average volume of 82,968 shares.

14,736

Strong Tesla sales are a 'drop the mic' moment, analyst says

11:56 am ET April 2, 2021 (MarketWatch)
Print

By Claudia Assis

Tesla Inc.'s quarterly sales zoomed past expectations, leading one analyst to call them a "drop the mic" number despite earlier Wall Street worries about chip and parts shortages that have plagued the auto industry.

Tesla (TSLA) "yet again defied the skeptics and bears," Dan Ives with Wedbush said in a note Friday.

The strength in the quarter was driven by Model 3 and Model Y sales, he said. Wall Street had braced for the impact of shortages on Tesla sales, making the above-expectations sales "a massive homerun in the eyes of the bulls," Ives said.

Tesla earlier Friday reported that first-quarter deliveries, (https://www.marketwatch.com/story/tesla-delivered-184800-vehicles-in-q1-blowing-past-estimates-2021-04-02) its proxy for sales, totaled 184,800 vehicles, blowing past the FactSet consensus of 168,000. The Silicon Valley electric-car maker said it produced just over 180,000 vehicles in the period.

Tesla sold 182,780 of its Model 3 sedan and Model Y compact SUV. The FactSet consensus was for 122,600 Model 3s and about 10,000 Model Ys.

The company said in a statement that it was "encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity." Tesla sold 88,000 vehicles in the first quarter of 2020, a period marred by pandemic-related factory shutdowns.

General Motors Co.(GM) earlier this week reported that its total U.S. sales were up 4% (https://www.marketwatch.com/story/gm-total-us-sales-rise-4-in-first-quarter-demand-rose-sharply-2021-04-01)amid a sharp rise in demand.

The stock market is closed Friday (https://www.marketwatch.com/story/is-the-stock-market-open-good-friday-here-are-the-exchanges-closed-on-the-holiday-and-on-easter-monday-11617307179), but Tesla shares are down 6.2% in the year to date, while the S&P 500 has gained 7%. The stock is up 628% in the last 12 months.

-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

April 02, 2021 11:56 ET (15:56 GMT)

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