Clipper Realty Inc. (NYSE:CLPR) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lowered its position in Clipper Realty Inc. (NYSE:CLPR) by 51.7% during the third quarter, HoldingsChannel.com reports. The fund owned 10,585 shares of the company’s stock after selling 11,337 shares during the quarter. Jane Street Group LLC’s holdings in Clipper Realty were worth $60,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Marshall Wace LLP acquired a new stake in Clipper Realty during the 2nd quarter valued at $38,000. Pitcairn Co. acquired a new stake in shares of Clipper Realty during the third quarter worth $62,000. Hsbc Holdings PLC boosted its holdings in shares of Clipper Realty by 25.6% during the second quarter. Hsbc Holdings PLC now owns 24,770 shares of the company’s stock worth $87,000 after purchasing an additional 5,054 shares during the last quarter. FMR LLC raised its position in shares of Clipper Realty by 280.1% in the 3rd quarter. FMR LLC now owns 28,180 shares of the company’s stock worth $161,000 after buying an additional 20,767 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Clipper Realty by 6.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,569 shares of the company’s stock worth $180,000 after buying an additional 1,873 shares during the period. Institutional investors and hedge funds own 37.57% of the company’s stock.

Clipper Realty Trading Up 9.0 %

Shares of CLPR opened at $4.24 on Thursday. The firm has a market capitalization of $68.17 million, a P/E ratio of -14.62 and a beta of 1.25. The stock’s fifty day simple moving average is $5.00 and its 200 day simple moving average is $4.98. Clipper Realty Inc. has a twelve month low of $3.38 and a twelve month high of $7.12.

Clipper Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 8.96%. The ex-dividend date of this dividend was Wednesday, November 13th. Clipper Realty’s dividend payout ratio (DPR) is currently -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.