Jane Street Group LLC Buys 80,211 Shares of Clipper Realty Inc. (NYSE:CLPR)

Jane Street Group LLC increased its holdings in Clipper Realty Inc. (NYSE:CLPR - Free Report) by 757.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 90,796 shares of the company's stock after buying an additional 80,211 shares during the period. Jane Street Group LLC owned 0.56% of Clipper Realty worth $416,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC raised its holdings in shares of Clipper Realty by 687.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 151,088 shares of the company's stock valued at $692,000 after acquiring an additional 131,913 shares in the last quarter. Invesco Ltd. purchased a new position in shares of Clipper Realty during the fourth quarter worth about $6,776,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Clipper Realty by 6.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 83,404 shares of the company's stock worth $382,000 after purchasing an additional 4,701 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Clipper Realty by 72.2% in the third quarter. JPMorgan Chase & Co. now owns 25,216 shares of the company's stock worth $144,000 after purchasing an additional 10,571 shares during the last quarter. Finally, Cerity Partners LLC raised its stake in Clipper Realty by 241.6% in the fourth quarter. Cerity Partners LLC now owns 90,443 shares of the company's stock valued at $428,000 after purchasing an additional 63,968 shares in the last quarter. Institutional investors own 37.57% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Clipper Realty from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd.

Clipper Realty Stock Up 0.5%

Shares of NYSE CLPR traded up $0.02 during mid-day trading on Wednesday, reaching $3.89. 39,563 shares of the company were exchanged, compared to its average volume of 122,002. Clipper Realty Inc. has a 52 week low of $3.38 and a 52 week high of $7.12. The company's 50 day moving average price is $3.81 and its 200 day moving average price is $4.27. The stock has a market capitalization of $62.81 million, a PE ratio of -15.56 and a beta of 1.10.

Clipper Realty (NYSE:CLPR - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.03. Clipper Realty had a negative return on equity of 85.95% and a negative net margin of 1.68%. The business had revenue of $39.40 million for the quarter, compared to the consensus estimate of $40.40 million. On average, sell-side analysts predict that Clipper Realty Inc. will post 0.39 earnings per share for the current year.

Clipper Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Tuesday, May 27th will be issued a dividend of $0.095 per share. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 9.77%. Clipper Realty's dividend payout ratio is -37.25%.

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.