Forward Management LLC cut its holdings in shares of CLIPPER Rlty In/SH 144A (NYSE:CLPR) by 5.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 950,110 shares of the company’s stock after selling 52,200 shares during the period. CLIPPER Rlty In/SH 144A makes up approximately 2.2% of Forward Management LLC’s investment portfolio, making the stock its 10th largest holding. Forward Management LLC owned 5.33% of CLIPPER Rlty In/SH 144A worth $12,855,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. BlackRock Inc. raised its stake in shares of CLIPPER Rlty In/SH 144A by 1.0% in the 2nd quarter. BlackRock Inc. now owns 736,240 shares of the company’s stock valued at $6,287,000 after purchasing an additional 7,330 shares during the period. State of New Jersey Common Pension Fund D raised its stake in shares of CLIPPER Rlty In/SH 144A by 5.9% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 160,500 shares of the company’s stock valued at $2,172,000 after purchasing an additional 9,000 shares during the period. JPMorgan Chase & Co. raised its stake in shares of CLIPPER Rlty In/SH 144A by 671.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,756 shares of the company’s stock valued at $322,000 after purchasing an additional 20,677 shares during the period. Finally, Northern Trust Corp raised its stake in shares of CLIPPER Rlty In/SH 144A by 3.3% in the 2nd quarter. Northern Trust Corp now owns 162,332 shares of the company’s stock valued at $1,386,000 after purchasing an additional 5,233 shares during the period. Hedge funds and other institutional investors own 56.12% of the company’s stock.

Several research firms have issued reports on CLPR. ValuEngine raised CLIPPER Rlty In/SH 144A from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. Zacks Investment Research downgraded CLIPPER Rlty In/SH 144A from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 10th.

CLPR opened at $13.99 on Tuesday. CLIPPER Rlty In/SH 144A has a 1 year low of $7.62 and a 1 year high of $14.38. The stock has a market capitalization of $250.80 million, a price-to-earnings ratio of 36.82 and a beta of 0.76.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 20th. Shareholders of record on Wednesday, November 14th will be paid a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Tuesday, November 13th. CLIPPER Rlty In/SH 144A’s dividend payout ratio is 100.00%.

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CLIPPER Rlty In/SH 144A Company 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.

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Institutional Ownership by Quarter for CLIPPER Rlty In/SH 144A (NYSE:CLPR)

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