Fmr LLC Purchases 20,767 Shares of Clipper Realty Inc. (NYSE:CLPR)

Fmr LLC boosted its position in Clipper Realty Inc. (NYSE:CLPR) by 280.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 28,180 shares of the company’s stock after purchasing an additional 20,767 shares during the period. Fmr LLC’s holdings in Clipper Realty were worth $161,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CLPR. Marshall Wace LLP bought a new position in shares of Clipper Realty during the second quarter valued at about $38,000. Pitcairn Co. bought a new stake in shares of Clipper Realty in the 3rd quarter valued at about $62,000. Hsbc Holdings PLC boosted its holdings in Clipper Realty by 25.6% during the 2nd quarter. Hsbc Holdings PLC now owns 24,770 shares of the company’s stock valued at $87,000 after acquiring an additional 5,054 shares during the period. Charles Schwab Investment Management Inc. grew its position in Clipper Realty by 6.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,569 shares of the company’s stock worth $180,000 after acquiring an additional 1,873 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Clipper Realty by 192.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 78,703 shares of the company’s stock worth $449,000 after acquiring an additional 51,819 shares during the last quarter. 37.57% of the stock is currently owned by institutional investors.

Clipper Realty Trading Down 3.3 %

Clipper Realty stock opened at $5.80 on Monday. Clipper Realty Inc. has a 1-year low of $3.38 and a 1-year high of $7.12. The firm has a market cap of $93.25 million, a P/E ratio of -20.00 and a beta of 1.26. The firm has a 50-day moving average of $5.66 and a 200-day moving average of $4.87.

Clipper Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a $0.095 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $0.38 annualized dividend and a dividend yield of 6.55%. Clipper Realty’s payout ratio is -131.03%.

Clipper Realty 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.