Mitsubishi UFJ Asset Management Co. Ltd. Acquires 8,593 Shares of Clipper Realty Inc. (NYSE:CLPR)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Clipper Realty Inc. (NYSE:CLPR) by 286.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,591 shares of the company’s stock after purchasing an additional 8,593 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.07% of Clipper Realty worth $62,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC acquired a new position in shares of Clipper Realty during the third quarter worth approximately $79,000. Raymond James & Associates increased its stake in shares of Clipper Realty by 15.5% during the 4th quarter. Raymond James & Associates now owns 16,172 shares of the company’s stock worth $87,000 after purchasing an additional 2,165 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in Clipper Realty by 16.4% in the third quarter. B. Riley Wealth Advisors Inc. now owns 22,322 shares of the company’s stock valued at $116,000 after purchasing an additional 3,137 shares during the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of Clipper Realty by 1.5% in the third quarter. State of New Jersey Common Pension Fund D now owns 347,500 shares of the company’s stock valued at $1,800,000 after buying an additional 5,000 shares during the period. Finally, FMR LLC lifted its position in shares of Clipper Realty by 0.4% during the 3rd quarter. FMR LLC now owns 1,153,013 shares of the company’s stock valued at $5,973,000 after buying an additional 4,691 shares during the last quarter. 37.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CLPR. Raymond James cut shares of Clipper Realty from an “outperform” rating to an “underperform” rating in a research note on Monday, April 15th. JMP Securities restated a “market perform” rating on shares of Clipper Realty in a research report on Thursday, April 11th.

Clipper Realty Stock Up 1.6 %

Shares of Clipper Realty stock opened at $3.83 on Friday. The company has a market cap of $61.57 million, a price-to-earnings ratio of -10.94 and a beta of 1.24. Clipper Realty Inc. has a twelve month low of $3.64 and a twelve month high of $6.86. The company’s 50 day moving average is $4.26 and its 200 day moving average is $4.79.

Clipper Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Tuesday, May 21st will be given a $0.095 dividend. The ex-dividend date is Monday, May 20th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 9.92%. Clipper Realty’s payout ratio is currently -108.57%.

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.