Clipper Realty Inc. $CLPR Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in Clipper Realty Inc. (NYSE:CLPR) by 21.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,207 shares of the company’s stock after purchasing an additional 6,638 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.24% of Clipper Realty worth $147,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Northern Trust Corp lifted its stake in shares of Clipper Realty by 24.2% in the fourth quarter. Northern Trust Corp now owns 137,054 shares of the company’s stock valued at $628,000 after purchasing an additional 26,723 shares during the period. Jane Street Group LLC lifted its stake in shares of Clipper Realty by 757.8% in the fourth 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. Brookwood Investment Group LLC acquired a new stake in shares of Clipper Realty in the first quarter valued at about $207,000. Two Sigma Investments LP acquired a new stake in shares of Clipper Realty in the fourth quarter valued at about $103,000. Finally, XTX Topco Ltd acquired a new stake in shares of Clipper Realty in the first quarter valued at about $82,000. Institutional investors and hedge funds own 37.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Clipper Realty from a “hold” rating to a “sell” rating in a research note on Monday, August 18th.

Insider Activity at Clipper Realty

In other news, CEO David Bistricer purchased 8,174 shares of the stock in a transaction dated Thursday, August 21st. The stock was acquired at an average cost of $4.01 per share, for a total transaction of $32,777.74. Following the completion of the acquisition, the chief executive officer directly owned 8,174 shares in the company, valued at $32,777.74. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 53.01% of the stock is currently owned by company insiders.

Clipper Realty Trading Up 4.1%

NYSE:CLPR opened at $4.37 on Friday. The firm has a 50-day moving average price of $3.91 and a two-hundred day moving average price of $3.96. Clipper Realty Inc. has a twelve month low of $3.39 and a twelve month high of $7.12. The company has a market capitalization of $70.64 million, a P/E ratio of -4.25 and a beta of 1.10.

Clipper Realty (NYSE:CLPR) last posted its earnings results on Thursday, August 7th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.07. The business had revenue of $39.04 million for the quarter, compared to analysts’ expectations of $39.10 million. On average, equities research analysts predict that Clipper Realty Inc. will post 0.39 earnings per share for the current year.

Clipper Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Thursday, August 21st will be issued a dividend of $0.095 per share. The ex-dividend date is Thursday, August 21st. This represents a $0.38 dividend on an annualized basis and a dividend yield of 8.7%. Clipper Realty’s payout ratio is -36.89%.

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.