State Street Corp Sells 32,393 Shares of Clipper Realty Inc. (NYSE:CLPR)

State Street Corp cut its holdings in shares of Clipper Realty Inc. (NYSE:CLPR) by 12.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 236,665 shares of the company’s stock after selling 32,393 shares during the quarter. State Street Corp owned 1.47% of Clipper Realty worth $1,349,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its position in Clipper Realty by 6.3% during the third 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 in the last quarter. Hsbc Holdings PLC grew its holdings 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 worth $87,000 after purchasing an additional 5,054 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Clipper Realty during the 2nd quarter worth $38,000. Pitcairn Co. bought a new position in shares of Clipper Realty in the third quarter worth $62,000. Finally, FMR LLC raised its stake in Clipper Realty by 280.1% in the third quarter. FMR LLC now owns 28,180 shares of the company’s stock valued at $161,000 after purchasing an additional 20,767 shares in the last quarter. 37.57% of the stock is currently owned by institutional investors and hedge funds.

Clipper Realty Stock Down 3.1 %

Shares of Clipper Realty stock opened at $4.44 on Friday. Clipper Realty Inc. has a 12-month low of $3.38 and a 12-month high of $7.12. The company has a market capitalization of $71.38 million, a price-to-earnings ratio of -15.31 and a beta of 1.26. The firm’s 50-day moving average price is $5.36 and its two-hundred day moving average price is $4.93.

Clipper Realty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $0.095 per share. The ex-dividend date was Wednesday, November 13th. This represents a $0.38 annualized dividend and a dividend yield of 8.56%. Clipper Realty’s dividend payout ratio is -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.