Bank of New York Mellon Corp acquired a new position in Clipper Realty Inc (NASDAQ:CLPR) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 16,943 shares of the company’s stock, valued at approximately $217,000. Bank of New York Mellon Corp owned 0.10% of Clipper Realty as of its most recent filing with the SEC.

Separately, Mesirow Financial Investment Management Equity Management acquired a new stake in shares of Clipper Realty during the first quarter worth $239,000.

Clipper Realty Inc (NASDAQ CLPR) opened at 10.29 on Thursday. The stock’s market capitalization is $183.29 million. The company has a 50 day moving average of $11.80 and a 200 day moving average of $12.11. Clipper Realty Inc has a 52 week low of $10.07 and a 52 week high of $15.00.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, August 7th will be given a dividend of $0.095 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $0.38 dividend on an annualized basis and a dividend yield of 3.69%.

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A number of brokerages have recently weighed in on CLPR. Zacks Investment Research upgraded shares of Clipper Realty from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Wednesday, June 21st. FBR & Co reaffirmed a “buy” rating on shares of Clipper Realty in a research note on Tuesday, May 16th.

In other news, Director Sam Levinson bought 83,334 shares of the stock in a transaction dated Friday, June 9th. The stock was purchased at an average cost of $11.25 per share, for a total transaction of $937,507.50. Following the transaction, the director now owns 40,000 shares of the company’s stock, valued at $450,000. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

About Clipper Realty

Clipper Realty, Inc is a real estate investment trust, which acquires, owns, manages, operates and repositions multi-family residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn. The Company’s segments include Commercial and Residential. As of June 30, 2016, it owned two residential/retail rental properties at 50 Murray Street and 53 Park Place in the Tribeca neighborhood of Manhattan, referred to as the Tribeca House properties.

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

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