BNP Paribas Financial Markets Trims Position in Clipper Realty Inc. (NYSE:CLPR)

BNP Paribas Financial Markets decreased its position in shares of Clipper Realty Inc. (NYSE:CLPR) by 64.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,584 shares of the company’s stock after selling 11,702 shares during the quarter. BNP Paribas Financial Markets’ holdings in Clipper Realty were worth $38,000 as of its most recent filing with the Securities and Exchange Commission.

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

Clipper Realty Stock Up 3.8 %

CLPR stock opened at $6.00 on Friday. Clipper Realty Inc. has a 52-week low of $3.38 and a 52-week high of $7.12. The business has a fifty day moving average of $5.67 and a two-hundred day moving average of $4.84. The stock has a market cap of $96.46 million, a price-to-earnings ratio of -20.69 and a beta of 1.26.

Clipper Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a $0.095 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $0.38 annualized dividend and a yield of 6.33%. Clipper Realty’s dividend payout ratio (DPR) is currently -131.03%.

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.