Jane Street Group LLC Lowers Stock Holdings in Clipper Realty Inc. (NYSE:CLPR)

Jane Street Group LLC cut its holdings in Clipper Realty Inc. (NYSE:CLPR) by 51.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,585 shares of the company’s stock after selling 11,337 shares during the period. Jane Street Group LLC owned about 0.07% of Clipper Realty worth $60,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its position in shares of Clipper Realty by 6.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 31,569 shares of the company’s stock worth $180,000 after purchasing an additional 1,873 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of Clipper Realty by 25.6% during the second quarter. Hsbc Holdings PLC now owns 24,770 shares of the company’s stock worth $87,000 after purchasing an additional 5,054 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Clipper Realty during the second quarter worth about $38,000. Pitcairn Co. purchased a new stake in Clipper Realty during the 3rd quarter valued at approximately $62,000. Finally, FMR LLC raised its stake in Clipper Realty by 280.1% during the 3rd quarter. FMR LLC now owns 28,180 shares of the company’s stock valued at $161,000 after acquiring an additional 20,767 shares during the last quarter. 37.57% of the stock is currently owned by institutional investors and hedge funds.

Clipper Realty Stock Up 9.0 %

CLPR opened at $4.24 on Thursday. The business has a 50 day moving average price of $5.00 and a two-hundred day moving average price of $4.98. The company has a market cap of $68.17 million, a PE ratio of -14.62 and a beta of 1.25. Clipper Realty Inc. has a 52 week low of $3.38 and a 52 week high of $7.12.

Clipper Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 8.96%. The ex-dividend date of this dividend was Wednesday, November 13th. Clipper Realty’s dividend payout ratio (DPR) is -131.03%.

About Clipper Realty

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.