Clipper Realty Inc. (NYSE:CLPR) Shares Bought by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its position in shares of Clipper Realty Inc. (NYSE:CLPRFree Report) by 574.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,512 shares of the company’s stock after acquiring an additional 71,990 shares during the quarter. Ritholtz Wealth Management owned 0.53% of Clipper Realty worth $387,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Clipper Realty by 192.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 78,703 shares of the company’s stock worth $449,000 after acquiring an additional 51,819 shares during the period. Penserra Capital Management LLC grew its holdings in Clipper Realty by 23.0% in the 3rd quarter. Penserra Capital Management LLC now owns 255,470 shares of the company’s stock valued at $1,456,000 after buying an additional 47,740 shares during the period. FMR LLC increased its stake in Clipper Realty by 280.1% during the third quarter. FMR LLC now owns 28,180 shares of the company’s stock worth $161,000 after acquiring an additional 20,767 shares during the last quarter. Kathmere Capital Management LLC acquired a new stake in shares of Clipper Realty in the fourth quarter worth $78,000. Finally, Barclays PLC raised its holdings in shares of Clipper Realty by 18.8% during the 3rd quarter. Barclays PLC now owns 82,621 shares of the company’s stock valued at $472,000 after buying an additional 13,100 shares during the period. 37.57% of the stock is owned by hedge funds and other institutional investors.

Clipper Realty Trading Up 5.3 %

Shares of CLPR opened at $4.18 on Wednesday. Clipper Realty Inc. has a 52 week low of $3.38 and a 52 week high of $7.12. The stock has a 50 day moving average of $4.87 and a 200-day moving average of $4.99. The firm has a market cap of $67.20 million, a price-to-earnings ratio of -14.41 and a beta of 1.25.

Clipper Realty (NYSE:CLPRGet Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.15). The firm had revenue of $37.62 million during the quarter, compared to the consensus estimate of $38.00 million. Clipper Realty had a negative return on equity of 85.95% and a negative net margin of 2.17%. During the same period in the prior year, the firm posted $0.15 EPS. On average, sell-side analysts predict that Clipper Realty Inc. will post 0.48 earnings per share for the current fiscal year.

Clipper Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 9.09%. The ex-dividend date of this dividend was Wednesday, November 13th. Clipper Realty’s dividend payout ratio (DPR) is presently -131.03%.

About Clipper Realty

(Free Report)

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.

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Institutional Ownership by Quarter for Clipper Realty (NYSE:CLPR)

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