Clipper Realty Inc. (NYSE:CLPR) Stake Boosted by Geode Capital Management LLC

Geode Capital Management LLC raised its position in shares of Clipper Realty Inc. (NYSE:CLPR) by 3.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 292,811 shares of the company’s stock after buying an additional 9,009 shares during the quarter. Geode Capital Management LLC’s holdings in Clipper Realty were worth $1,669,000 at the end of the most recent quarter.

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

Clipper Realty Stock Down 2.4 %

Shares of Clipper Realty stock opened at $4.15 on Thursday. Clipper Realty Inc. has a 12 month low of $3.38 and a 12 month high of $7.12. The stock has a market cap of $66.72 million, a PE ratio of -14.31 and a beta of 1.25. The business has a fifty day simple moving average of $5.24 and a 200-day simple moving average of $4.96.

Clipper Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a dividend of $0.095 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.38 dividend on an annualized basis and a yield of 9.16%. Clipper Realty’s payout ratio is presently -131.03%.

About Clipper Realty

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.