18,995 Shares in Clipper Realty Inc. (NYSE:CLPR) Acquired by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. purchased a new position in Clipper Realty Inc. (NYSE:CLPR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,995 shares of the company’s stock, valued at approximately $87,000. Balyasny Asset Management L.P. owned 0.12% of Clipper Realty as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. D Orazio & Associates Inc. purchased a new position in Clipper Realty during the fourth quarter worth about $47,000. JPMorgan Chase & Co. grew its holdings in shares of Clipper Realty by 72.2% during the third quarter. JPMorgan Chase & Co. now owns 25,216 shares of the company’s stock worth $144,000 after purchasing an additional 10,571 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Clipper Realty by 6.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 83,404 shares of the company’s stock worth $382,000 after buying an additional 4,701 shares during the last quarter. Ritholtz Wealth Management increased its holdings 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 worth $387,000 after buying an additional 71,990 shares during the last quarter. Finally, Cerity Partners LLC raised its position in shares of Clipper Realty by 241.6% during the 4th quarter. Cerity Partners LLC now owns 90,443 shares of the company’s stock valued at $428,000 after buying an additional 63,968 shares in the last quarter. Institutional investors own 37.57% of the company’s stock.

Clipper Realty Stock Performance

NYSE CLPR opened at $4.15 on Monday. Clipper Realty Inc. has a 52-week low of $3.38 and a 52-week high of $7.12. The company has a fifty day moving average of $3.84 and a 200-day moving average of $4.41. The company has a market capitalization of $67.01 million, a P/E ratio of -16.60 and a beta of 1.10.

Clipper Realty (NYSE:CLPR) last posted its quarterly earnings data on Monday, May 12th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The firm had revenue of $39.40 million during the quarter, compared to analysts’ expectations of $40.40 million. Clipper Realty had a negative return on equity of 85.95% and a negative net margin of 1.68%. As a group, analysts forecast that Clipper Realty Inc. will post 0.39 EPS for the current fiscal year.

Clipper Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Tuesday, May 27th will be given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 9.16%. The ex-dividend date is Tuesday, May 27th. Clipper Realty’s payout ratio is currently -37.25%.

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.