Charles Schwab Investment Management Inc. Increases Stock Position in Clipper Realty Inc. (NYSE:CLPR)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Clipper Realty Inc. (NYSE:CLPR) by 6.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,569 shares of the company’s stock after buying an additional 1,873 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Clipper Realty were worth $180,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CLPR. Marshall Wace LLP bought a new stake in Clipper Realty during the 2nd quarter valued at $38,000. Hsbc Holdings PLC raised its position in shares of Clipper Realty by 25.6% in the 2nd quarter. Hsbc Holdings PLC now owns 24,770 shares of the company’s stock worth $87,000 after acquiring an additional 5,054 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Clipper Realty by 192.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 78,703 shares of the company’s stock worth $449,000 after purchasing an additional 51,819 shares during the last quarter. Institutional investors own 37.57% of the company’s stock.

Clipper Realty Price Performance

CLPR opened at $6.00 on Friday. The firm has a market capitalization of $96.46 million, a PE ratio of -20.69 and a beta of 1.26. The business’s 50-day moving average is $5.67 and its two-hundred day moving average is $4.83. Clipper Realty Inc. has a 1 year low of $3.38 and a 1 year high of $7.12.

Clipper Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 6.33%. The ex-dividend date was Wednesday, November 13th. Clipper Realty’s payout ratio is currently -131.03%.

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.