Cerity Partners LLC Purchases 63,968 Shares of Clipper Realty Inc. (NYSE:CLPR)

Cerity Partners LLC boosted its position in shares of Clipper Realty Inc. (NYSE:CLPR) by 241.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 90,443 shares of the company’s stock after purchasing an additional 63,968 shares during the quarter. Cerity Partners LLC owned about 0.56% of Clipper Realty worth $428,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in CLPR. Barclays PLC raised its stake in shares of Clipper Realty by 18.8% during the third quarter. Barclays PLC now owns 82,621 shares of the company’s stock worth $472,000 after buying an additional 13,100 shares during the last quarter. Geode Capital Management LLC grew its holdings in Clipper Realty by 3.2% during the 3rd quarter. Geode Capital Management LLC now owns 292,811 shares of the company’s stock worth $1,669,000 after acquiring an additional 9,009 shares during the period. JPMorgan Chase & Co. raised its position in shares of Clipper Realty by 72.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 25,216 shares of the company’s stock valued at $144,000 after acquiring an additional 10,571 shares during the last quarter. Kathmere Capital Management LLC acquired a new position in shares of Clipper Realty in the 4th quarter valued at $78,000. Finally, Ritholtz Wealth Management lifted its stake in shares of Clipper Realty by 574.9% in the 4th quarter. Ritholtz Wealth Management now owns 84,512 shares of the company’s stock valued at $387,000 after purchasing an additional 71,990 shares during the period. 37.57% of the stock is currently owned by institutional investors and hedge funds.

Clipper Realty Stock Up 0.6 %

Shares of Clipper Realty stock opened at $3.65 on Wednesday. The business has a fifty day simple moving average of $4.08 and a 200 day simple moving average of $4.75. The stock has a market cap of $58.97 million, a PE ratio of -14.61 and a beta of 1.01. Clipper Realty Inc. has a 12 month low of $3.38 and a 12 month high of $7.12.

Clipper Realty (NYSE:CLPR) last posted its earnings results on Friday, February 14th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.07. The company had revenue of $38.05 million during the quarter, compared to analyst estimates of $38.70 million. Clipper Realty had a negative return on equity of 85.95% and a negative net margin of 1.68%. Analysts expect that Clipper Realty Inc. will post 0.39 EPS for the current fiscal year.

Clipper Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 19th were paid a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 10.41%. The ex-dividend date was Wednesday, March 19th. Clipper Realty’s payout ratio is presently -152.00%.

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.