Raymond James lowered shares of Clipper Realty (NYSE:CLPR – Free Report) from an outperform rating to an underperform rating in a report released on Monday morning, MarketBeat.com reports.
Separately, JMP Securities reaffirmed a market perform rating on shares of Clipper Realty in a research note on Thursday, April 11th.
Read Our Latest Stock Report on CLPR
Clipper Realty Stock Down 6.4 %
Clipper Realty Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Wednesday, March 27th were given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 9.34%. The ex-dividend date of this dividend was Tuesday, March 26th. Clipper Realty’s dividend payout ratio is currently -84.44%.
Institutional Trading of Clipper Realty
Several institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Clipper Realty by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 729,554 shares of the company’s stock worth $3,940,000 after purchasing an additional 5,873 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Clipper Realty during the fourth quarter worth about $134,000. Barclays PLC grew its position in shares of Clipper Realty by 31.8% during the fourth quarter. Barclays PLC now owns 81,470 shares of the company’s stock worth $440,000 after purchasing an additional 19,650 shares in the last quarter. Bridgeway Capital Management LLC grew its position in shares of Clipper Realty by 59.2% during the fourth quarter. Bridgeway Capital Management LLC now owns 42,763 shares of the company’s stock worth $231,000 after purchasing an additional 15,900 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of Clipper Realty by 19.4% during the fourth quarter. Northern Trust Corp now owns 122,737 shares of the company’s stock worth $663,000 after purchasing an additional 19,968 shares in the last quarter. Hedge funds and other institutional investors own 37.57% of the company’s stock.
Clipper Realty Company 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.
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