State Street Corp Has $1.35 Million Stock Position in Clipper Realty Inc. (NYSE:CLPR)

State Street Corp cut its holdings in Clipper Realty Inc. (NYSE:CLPR) by 12.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 236,665 shares of the company’s stock after selling 32,393 shares during the quarter. State Street Corp’s holdings in Clipper Realty were worth $1,349,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CLPR. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Clipper Realty by 192.8% in the third 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. Penserra Capital Management LLC grew its holdings in shares of Clipper Realty by 23.0% during the 3rd quarter. Penserra Capital Management LLC now owns 255,470 shares of the company’s stock valued at $1,456,000 after purchasing an additional 47,740 shares during the last quarter. FMR LLC increased its position in Clipper Realty by 280.1% during the 3rd quarter. FMR LLC now owns 28,180 shares of the company’s stock worth $161,000 after purchasing an additional 20,767 shares in the last quarter. Pitcairn Co. bought a new position in Clipper Realty in the 3rd quarter valued at approximately $62,000. Finally, Marshall Wace LLP acquired a new stake in Clipper Realty in the second quarter valued at approximately $38,000. Institutional investors own 37.57% of the company’s stock.

Clipper Realty Stock Performance

Shares of NYSE:CLPR opened at $4.44 on Friday. Clipper Realty Inc. has a 52-week low of $3.38 and a 52-week high of $7.12. The company has a market capitalization of $71.38 million, a PE ratio of -15.31 and a beta of 1.26. The company has a fifty day moving average of $5.36 and a 200-day moving average of $4.93.

Clipper Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a $0.095 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.38 annualized dividend and a yield of 8.56%. Clipper Realty’s dividend payout ratio is presently -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.