Invesco Ltd. Invests $6.78 Million in Clipper Realty Inc. (NYSE:CLPR)

Invesco Ltd. acquired a new stake in shares of Clipper Realty Inc. (NYSE:CLPR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,479,514 shares of the company's stock, valued at approximately $6,776,000. Invesco Ltd. owned about 9.16% of Clipper Realty as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of CLPR. Geode Capital Management LLC increased its holdings in shares of Clipper Realty by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 292,811 shares of the company's stock worth $1,669,000 after purchasing an additional 9,009 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in Clipper Realty by 687.9% during 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 during the period. Cerity Partners LLC boosted its holdings in shares of Clipper Realty by 241.6% during the 4th quarter. Cerity Partners LLC now owns 90,443 shares of the company's stock valued at $428,000 after acquiring an additional 63,968 shares during the last quarter. Ritholtz Wealth Management grew its stake in shares of Clipper Realty by 574.9% in the fourth quarter. Ritholtz Wealth Management now owns 84,512 shares of the company's stock worth $387,000 after acquiring an additional 71,990 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Clipper Realty by 6.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 83,404 shares of the company's stock valued at $382,000 after purchasing an additional 4,701 shares during the last quarter. 37.57% of the stock is owned by hedge funds and other institutional investors.

Clipper Realty Price Performance

Clipper Realty stock traded up $0.01 during midday trading on Wednesday, reaching $3.59. 99,023 shares of the company traded hands, compared to its average volume of 122,838. Clipper Realty Inc. has a 12 month low of $3.38 and a 12 month high of $7.12. The firm has a market capitalization of $57.97 million, a price-to-earnings ratio of -14.36 and a beta of 1.01. The business has a 50 day moving average of $3.97 and a two-hundred day moving average of $4.66.

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

Clipper Realty Announces Dividend

The firm also recently announced 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. The ex-dividend date was Wednesday, March 19th. This represents a $0.38 dividend on an annualized basis and a yield of 10.58%. Clipper Realty's dividend payout ratio is currently -152.00%.

About Clipper Realty

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.