Renaissance Technologies LLC Has $511,000 Position in Clipper Realty Inc. (NYSE:CLPR)

Renaissance Technologies LLC cut its holdings in Clipper Realty Inc. (NYSE:CLPR) by 3.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 111,657 shares of the company’s stock after selling 4,500 shares during the quarter. Renaissance Technologies LLC owned about 0.69% of Clipper Realty worth $511,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CLPR. Invesco Ltd. bought a new position in Clipper Realty in the fourth quarter valued at approximately $6,776,000. Geode Capital Management LLC lifted its position in Clipper Realty by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 292,811 shares of the company’s stock valued at $1,669,000 after acquiring an additional 9,009 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in Clipper Realty by 687.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 151,088 shares of the company’s stock worth $692,000 after purchasing an additional 131,913 shares during the period. Cerity Partners LLC increased its holdings in Clipper Realty by 241.6% during the 4th quarter. Cerity Partners LLC now owns 90,443 shares of the company’s stock worth $428,000 after purchasing an additional 63,968 shares in the last quarter. Finally, Ritholtz Wealth Management raised 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 Price Performance

Shares of Clipper Realty stock opened at $3.77 on Friday. The firm has a market cap of $60.87 million, a price-to-earnings ratio of -15.08 and a beta of 1.10. Clipper Realty Inc. has a one year low of $3.38 and a one year high of $7.12. The stock’s 50-day moving average is $3.94 and its 200-day moving average is $4.60.

Clipper Realty (NYSE:CLPR) last released its earnings results on Friday, February 14th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.12 by $0.07. Clipper Realty had a negative return on equity of 85.95% and a negative net margin of 1.68%. The firm had revenue of $38.05 million for the quarter, compared to analysts’ expectations of $38.70 million. On average, equities analysts expect that Clipper Realty Inc. will post 0.39 EPS for the current year.

Clipper Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 19th were given a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 10.08%. The ex-dividend date of this dividend was Wednesday, March 19th. Clipper Realty’s dividend payout ratio (DPR) is currently -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.