212,025 Shares in Clipper Realty Inc. (NYSE:CLPR) Acquired by Barings LLC

Barings LLC purchased a new position in shares of Clipper Realty Inc. (NYSE:CLPR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 212,025 shares of the company’s stock, valued at approximately $1,558,000. Barings LLC owned 1.32% of Clipper Realty at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CLPR. FMR LLC increased its holdings in Clipper Realty by 19.6% during the 1st quarter. FMR LLC now owns 2,627,277 shares of the company’s stock worth $35,180,000 after purchasing an additional 430,053 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Clipper Realty by 6.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 143,142 shares of the company’s stock valued at $1,009,000 after acquiring an additional 8,879 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Clipper Realty by 3.9% in the 1st quarter. BlackRock Inc. now owns 1,074,171 shares of the company’s stock valued at $8,508,000 after acquiring an additional 40,552 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Clipper Realty by 2.4% in the 1st quarter. Geode Capital Management LLC now owns 204,137 shares of the company’s stock valued at $1,616,000 after acquiring an additional 4,855 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Clipper Realty by 24.3% in the 1st quarter. Barclays PLC now owns 72,750 shares of the company’s stock valued at $577,000 after acquiring an additional 14,200 shares during the last quarter. Institutional investors own 45.88% of the company’s stock.

NYSE CLPR opened at $8.14 on Thursday. Clipper Realty Inc. has a one year low of $5.25 and a one year high of $9.37. The company’s 50 day moving average price is $8.23 and its 200 day moving average price is $8.11. The firm has a market capitalization of $130.75 million, a price-to-earnings ratio of -17.70 and a beta of 1.02.

Clipper Realty (NYSE:CLPR) last issued its quarterly earnings data on Monday, August 9th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.04). Clipper Realty had a negative net margin of 5.61% and a negative return on equity of 6.72%. As a group, sell-side analysts anticipate that Clipper Realty Inc. will post 0.28 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 26th. Shareholders of record on Thursday, August 19th were paid a $0.095 dividend. The ex-dividend date of this dividend was Wednesday, August 18th. This represents a $0.38 annualized dividend and a dividend yield of 4.67%. Clipper Realty’s payout ratio is currently 100.00%.

CLPR has been the subject of a number of recent research reports. Zacks Investment Research raised Clipper Realty from a “sell” rating to a “hold” rating in a research report on Monday, August 16th. Raymond James lowered Clipper Realty from an “outperform” rating to a “market perform” rating in a research note on Monday, September 13th. Finally, JMP Securities reaffirmed a “buy” rating and set a $14.00 price target on shares of Clipper Realty in a research note on Tuesday, June 22nd.

Clipper Realty Company Profile

Clipper Realty, Inc engages in the acquisition, owning, managing, operating, and repositioning of real estate properties. The firm operates through the Residential and Commercial segments. The Residential segment consists of the Flatbush Gardens, the Clover House, the 10 West 65th Street, the 1010 Pacific Street, and portions of the 250 Livingston Street, Tribeca House, and Aspen properties.

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

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