Clipper Realty Inc. (NYSE:CLPR) Stock Position Reduced by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. decreased its stake in Clipper Realty Inc. (NYSE:CLPR) by 44.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,342 shares of the company’s stock after selling 8,142 shares during the quarter. B. Riley Wealth Advisors Inc. owned approximately 0.06% of Clipper Realty worth $59,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Marshall Wace LLP acquired a new position in shares of Clipper Realty in the second quarter worth $38,000. Pitcairn Co. purchased a new position in Clipper Realty in the third quarter valued at about $62,000. Hsbc Holdings PLC increased its position in Clipper Realty by 25.6% in the 2nd quarter. Hsbc Holdings PLC now owns 24,770 shares of the company’s stock worth $87,000 after purchasing an additional 5,054 shares during the last quarter. FMR LLC raised its stake in shares of Clipper Realty by 280.1% during 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Clipper Realty by 6.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,569 shares of the company’s stock worth $180,000 after purchasing an additional 1,873 shares in the last quarter. Hedge funds and other institutional investors own 37.57% of the company’s stock.

Clipper Realty Stock Performance

Shares of NYSE CLPR opened at $5.80 on Monday. The business has a 50 day simple moving average of $5.66 and a 200 day simple moving average of $4.87. Clipper Realty Inc. has a 52 week low of $3.38 and a 52 week high of $7.12. The stock has a market cap of $93.25 million, a price-to-earnings ratio of -20.00 and a beta of 1.26.

Clipper Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 6.55%. The ex-dividend date of this dividend was Wednesday, November 13th. Clipper Realty’s dividend payout ratio is -131.03%.

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.