O Shaughnessy Asset Management LLC Acquires 131,913 Shares of Clipper Realty Inc. (NYSE:CLPR)

O Shaughnessy Asset Management LLC increased its stake in Clipper Realty Inc. (NYSE:CLPR - Free Report) by 687.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 151,088 shares of the company's stock after purchasing an additional 131,913 shares during the quarter. O Shaughnessy Asset Management LLC owned approximately 0.94% of Clipper Realty worth $692,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. D Orazio & Associates Inc. bought a new stake in Clipper Realty during the fourth quarter valued at about $47,000. Kathmere Capital Management LLC bought a new stake in Clipper Realty during the 4th quarter valued at approximately $78,000. JPMorgan Chase & Co. lifted its holdings in Clipper Realty by 72.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 25,216 shares of the company's stock worth $144,000 after purchasing an additional 10,571 shares in the last quarter. FMR LLC boosted its stake in Clipper Realty by 280.1% in the 3rd quarter. FMR LLC now owns 28,180 shares of the company's stock worth $161,000 after purchasing an additional 20,767 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings 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 buying an additional 1,873 shares in the last quarter. Institutional investors own 37.57% of the company's stock.

Clipper Realty Price Performance

Shares of CLPR stock traded up $0.14 during mid-day trading on Monday, hitting $3.72. The company had a trading volume of 2,159 shares, compared to its average volume of 135,890. The stock's 50 day moving average price is $4.12 and its 200-day moving average price is $4.83. Clipper Realty Inc. has a 52-week low of $3.38 and a 52-week high of $7.12. The company has a market capitalization of $59.99 million, a P/E ratio of -14.86 and a beta of 1.01.

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Clipper Realty (NYSE:CLPR - Get Free Report) last announced its quarterly earnings results on Friday, February 14th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.12 by $0.07. The business had revenue of $38.05 million for the quarter, compared to analysts' expectations of $38.70 million. Clipper Realty had a negative net margin of 1.68% and a negative return on equity of 85.95%. On average, equities research analysts expect that Clipper Realty Inc. will post 0.39 earnings per share for the current year.

Clipper Realty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 19th were issued a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 10.23%. The ex-dividend date was Wednesday, March 19th. Clipper Realty's dividend payout ratio is presently -152.00%.

Clipper Realty 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.