Charles Schwab Investment Management Inc. Purchases 1,873 Shares of Clipper Realty Inc. (NYSE:CLPR)

Charles Schwab Investment Management Inc. grew its holdings in shares of Clipper Realty Inc. (NYSE:CLPR) by 6.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 31,569 shares of the company’s stock after buying an additional 1,873 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.20% of Clipper Realty worth $180,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Hsbc Holdings PLC boosted its holdings in 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 acquiring an additional 5,054 shares during the period. Marshall Wace LLP purchased a new stake in Clipper Realty in the second quarter worth $38,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of 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 purchasing an additional 51,819 shares during the last quarter. Institutional investors own 37.57% of the company’s stock.

Clipper Realty Trading Up 3.8 %

NYSE CLPR opened at $6.00 on Friday. The stock has a market cap of $96.46 million, a PE ratio of -20.69 and a beta of 1.26. Clipper Realty Inc. has a 12 month low of $3.38 and a 12 month high of $7.12. The company’s 50-day moving average price is $5.67 and its 200-day moving average price is $4.83.

Clipper Realty Dividend Announcement

The business 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. The ex-dividend date was Wednesday, November 13th. This represents a $0.38 dividend on an annualized basis and a yield of 6.33%. Clipper Realty’s dividend 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.