Connor Clark & Lunn Investment Management Ltd. Acquires 51,819 Shares of Clipper Realty Inc. (NYSE:CLPR)

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Clipper Realty Inc. (NYSE:CLPR) by 192.8% in the third quarter, Holdings Channel.com reports. The fund owned 78,703 shares of the company’s stock after purchasing an additional 51,819 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Clipper Realty were worth $449,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CLPR. Marshall Wace LLP bought a new position in Clipper Realty in the 2nd quarter worth $38,000. Hsbc Holdings PLC boosted its stake in shares of Clipper Realty by 25.6% during the 2nd quarter. Hsbc Holdings PLC now owns 24,770 shares of the company’s stock valued at $87,000 after purchasing an additional 5,054 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Clipper Realty by 0.7% during the first quarter. Vanguard Group Inc. now owns 735,024 shares of the company’s stock valued at $3,550,000 after buying an additional 5,470 shares during the period. Hedge funds and other institutional investors own 37.57% of the company’s stock.

Clipper Realty Price Performance

Shares of CLPR opened at $5.07 on Friday. The company has a 50-day simple moving average of $5.81 and a two-hundred day simple moving average of $4.73. The firm has a market capitalization of $81.53 million, a PE ratio of -17.48 and a beta of 1.32. Clipper Realty Inc. has a one year low of $3.38 and a one year high of $7.12.

Clipper Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 7.50%. The ex-dividend date was Wednesday, November 13th. Clipper Realty’s payout ratio is presently -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.