Cerity Partners LLC Sells 17,302 Shares of Clipper Realty Inc. (NYSE:CLPR)

Cerity Partners LLC reduced its holdings in shares of Clipper Realty Inc. (NYSE:CLPR) by 19.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 73,141 shares of the company’s stock after selling 17,302 shares during the quarter. Cerity Partners LLC owned approximately 0.45% of Clipper Realty worth $281,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CLPR. Invesco Ltd. bought a new position in shares of Clipper Realty during the 4th quarter worth approximately $6,776,000. O Shaughnessy Asset Management LLC grew its stake in shares of Clipper Realty by 687.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 151,088 shares of the company’s stock worth $692,000 after acquiring an additional 131,913 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Clipper Realty by 757.8% during the 4th quarter. Jane Street Group LLC now owns 90,796 shares of the company’s stock worth $416,000 after acquiring an additional 80,211 shares in the last quarter. Northern Trust Corp increased its position in shares of Clipper Realty by 24.2% during the 4th quarter. Northern Trust Corp now owns 137,054 shares of the company’s stock worth $628,000 after purchasing an additional 26,723 shares during the last quarter. Finally, Two Sigma Investments LP acquired a new position in shares of Clipper Realty during the 4th quarter worth approximately $103,000. 37.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Clipper Realty from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd.

Clipper Realty Stock Down 2.6%

NYSE:CLPR opened at $3.71 on Monday. The firm has a market capitalization of $59.93 million, a price-to-earnings ratio of -3.64 and a beta of 0.99. Clipper Realty Inc. has a twelve month low of $3.43 and a twelve month high of $7.12. The stock’s 50 day moving average price is $3.86 and its two-hundred day moving average price is $3.97.

Clipper Realty (NYSE:CLPR) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. The company had revenue of $39.40 million for the quarter, compared to analyst estimates of $40.40 million. As a group, analysts anticipate that Clipper Realty Inc. will post 0.39 earnings per share for the current year.

Clipper Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Tuesday, May 27th were given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 10.24%. The ex-dividend date of this dividend was Tuesday, May 27th. Clipper Realty’s dividend payout ratio (DPR) is -37.25%.

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.