State of New Jersey Common Pension Fund D lessened its holdings in Clipper Realty Inc. (NYSE:CLPR – Free Report) by 41.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 204,993 shares of the company’s stock after selling 142,507 shares during the period. State of New Jersey Common Pension Fund D owned about 1.28% of Clipper Realty worth $740,000 at the end of the most recent quarter.
Separately, Vanguard Group Inc. grew its holdings in Clipper Realty by 0.7% in the first quarter. Vanguard Group Inc. now owns 735,024 shares of the company’s stock worth $3,550,000 after purchasing an additional 5,470 shares during the last quarter. 37.57% of the stock is owned by institutional investors and hedge funds.
Clipper Realty Price Performance
Clipper Realty stock opened at $5.36 on Thursday. Clipper Realty Inc. has a 1-year low of $3.38 and a 1-year high of $5.72. The business has a fifty day moving average price of $4.60 and a 200-day moving average price of $4.25. The stock has a market capitalization of $86.19 million, a price-to-earnings ratio of -15.31 and a beta of 1.34.
Clipper Realty Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were issued a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 7.09%. The ex-dividend date was Thursday, August 15th. Clipper Realty’s dividend payout ratio (DPR) is -108.57%.
Clipper Realty Company 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.
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