Clipper Realty Inc. (NYSE:CLPR) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in shares of Clipper Realty Inc. (NYSE:CLPR) by 12.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,063 shares of the company’s stock after selling 4,811 shares during the period. Bank of New York Mellon Corp owned about 0.20% of Clipper Realty worth $127,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Two Sigma Investments LP bought a new position in shares of Clipper Realty during the fourth quarter valued at approximately $103,000. Balyasny Asset Management L.P. bought a new stake in shares of Clipper Realty in the 4th quarter worth approximately $87,000. Jane Street Group LLC boosted its position in Clipper Realty by 757.8% during the 4th quarter. Jane Street Group LLC now owns 90,796 shares of the company’s stock valued at $416,000 after purchasing an additional 80,211 shares during the period. Northern Trust Corp grew its stake in 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 buying an additional 26,723 shares during the last quarter. Finally, Invesco Ltd. acquired a new stake in Clipper Realty in the fourth quarter worth $6,776,000. Institutional investors own 37.57% of the company’s stock.

Clipper Realty Stock Performance

NYSE:CLPR opened at $3.59 on Thursday. The stock has a market cap of $57.97 million, a price-to-earnings ratio of -3.52 and a beta of 1.06. Clipper Realty Inc. has a 1 year low of $3.39 and a 1 year high of $7.12. The business has a fifty day moving average of $3.79 and a 200-day moving average of $3.94.

Clipper Realty (NYSE:CLPR) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $40.40 million. On average, equities research analysts predict that Clipper Realty Inc. will post 0.39 EPS for the current year.

Clipper Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Tuesday, May 27th were paid a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 10.6%. The ex-dividend date of this dividend was Tuesday, May 27th. Clipper Realty’s dividend payout ratio is currently -37.25%.

Wall Street Analyst Weigh In

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

About Clipper Realty

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.