Dimensional Fund Advisors LP Sells 5,446 Shares of Clipper Realty Inc. (NYSE:CLPR)

Dimensional Fund Advisors LP reduced its stake in Clipper Realty Inc. (NYSE:CLPR) by 3.9% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 134,902 shares of the company’s stock after selling 5,446 shares during the quarter. Dimensional Fund Advisors LP owned 0.84% of Clipper Realty worth $618,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Invesco Ltd. purchased a new position in shares of Clipper Realty in the 4th quarter worth about $6,776,000. Cerity Partners LLC boosted its holdings in shares of Clipper Realty by 241.6% in the 4th quarter. Cerity Partners LLC now owns 90,443 shares of the company’s stock worth $428,000 after buying an additional 63,968 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of 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 buying an additional 131,913 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Clipper Realty by 6.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 83,404 shares of the company’s stock valued at $382,000 after purchasing an additional 4,701 shares during the last quarter. Finally, D Orazio & Associates Inc. purchased a new stake in Clipper Realty during the fourth quarter valued at about $47,000. 37.57% of the stock is owned by hedge funds and other institutional investors.

Clipper Realty Stock Up 3.2%

NYSE CLPR opened at $4.15 on Friday. The company has a market cap of $67.01 million, a PE ratio of -16.60 and a beta of 1.10. Clipper Realty Inc. has a 52 week low of $3.38 and a 52 week high of $7.12. The firm’s 50-day simple moving average is $3.84 and its two-hundred day simple moving average is $4.44.

Clipper Realty (NYSE:CLPR) last released its quarterly earnings data on Monday, May 12th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. Clipper Realty had a negative net margin of 1.68% and a negative return on equity of 85.95%. The business had revenue of $39.40 million for the quarter, compared to the consensus estimate of $40.40 million. As a group, equities research analysts anticipate that Clipper Realty Inc. will post 0.39 EPS for the current year.

Clipper Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Tuesday, May 27th will be paid a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 9.16%. The ex-dividend date of this dividend is Tuesday, May 27th. Clipper Realty’s dividend payout ratio 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.