Connor Clark & Lunn Investment Management Ltd. Acquires 4,701 Shares of Clipper Realty Inc. (NYSE:CLPR)

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Clipper Realty Inc. (NYSE:CLPR) by 6.0% in the fourth quarter, HoldingsChannel reports. The fund owned 83,404 shares of the company’s stock after buying an additional 4,701 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Clipper Realty were worth $382,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. D Orazio & Associates Inc. bought a new stake in Clipper Realty in the fourth quarter worth $47,000. Pitcairn Co. purchased a new position in shares of Clipper Realty in the third quarter worth about $62,000. Kathmere Capital Management LLC bought a new stake in shares of Clipper Realty in the 4th quarter valued at about $78,000. JPMorgan Chase & Co. boosted its holdings in Clipper Realty by 72.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 25,216 shares of the company’s stock valued at $144,000 after acquiring an additional 10,571 shares during the period. Finally, FMR LLC grew 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 acquiring an additional 20,767 shares during the last quarter. Hedge funds and other institutional investors own 37.57% of the company’s stock.

Clipper Realty Stock Performance

Shares of CLPR stock opened at $3.74 on Monday. The company has a market capitalization of $60.33 million, a P/E ratio of -14.94 and a beta of 1.32. Clipper Realty Inc. has a fifty-two week low of $3.38 and a fifty-two week high of $7.12. The stock has a 50 day moving average price of $4.21 and a two-hundred day moving average price of $5.00.

Clipper Realty (NYSE:CLPR) last announced its quarterly earnings results on Friday, February 14th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.07. The business had revenue of $38.05 million during the quarter, compared to analysts’ expectations of $38.70 million. Clipper Realty had a negative net margin of 1.68% and a negative return on equity of 85.95%. As a group, equities analysts predict that Clipper Realty Inc. will post 0.39 earnings per share for the current year.

Clipper Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 19th will be paid a $0.095 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $0.38 annualized dividend and a dividend yield of 10.17%. Clipper Realty’s payout ratio is presently -152.00%.

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.