Penserra Capital Management LLC Has $1.46 Million Position in Clipper Realty Inc. (NYSE:CLPR)

Penserra Capital Management LLC grew its stake in Clipper Realty Inc. (NYSE:CLPR) by 23.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 255,470 shares of the company’s stock after buying an additional 47,740 shares during the period. Penserra Capital Management LLC owned 1.59% of Clipper Realty worth $1,456,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in CLPR. Charles Schwab Investment Management Inc. increased its position in Clipper Realty by 6.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,569 shares of the company’s stock valued at $180,000 after purchasing an additional 1,873 shares during the period. Hsbc Holdings PLC boosted its stake in shares of Clipper Realty by 25.6% in the 2nd quarter. Hsbc Holdings PLC now owns 24,770 shares of the company’s stock valued at $87,000 after purchasing an additional 5,054 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Clipper Realty by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 735,024 shares of the company’s stock valued at $3,550,000 after purchasing an additional 5,470 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Clipper Realty during the second quarter worth $38,000. Finally, Pitcairn Co. bought a new position in Clipper Realty during the third quarter worth $62,000. 37.57% of the stock is currently owned by institutional investors.

Clipper Realty Trading Up 0.4 %

Shares of CLPR opened at $5.03 on Wednesday. The firm’s fifty day simple moving average is $5.84 and its two-hundred day simple moving average is $4.71. Clipper Realty Inc. has a 12 month low of $3.38 and a 12 month high of $7.12. The stock has a market capitalization of $80.88 million, a P/E ratio of -17.34 and a beta of 1.32.

Clipper Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a dividend of $0.095 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.38 annualized dividend and a dividend yield of 7.55%. Clipper Realty’s payout ratio is -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.