Clipper Realty Inc (NYSE:CLPR) Shares Acquired by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Clipper Realty Inc (NYSE:CLPR) by 14.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 18,214 shares of the company’s stock after purchasing an additional 2,327 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Clipper Realty were worth $186,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of CLPR. FMR LLC lifted its position in Clipper Realty by 19.6% during the first quarter. FMR LLC now owns 2,627,277 shares of the company’s stock valued at $35,180,000 after purchasing an additional 430,053 shares during the period. State of New Jersey Common Pension Fund D lifted its position in Clipper Realty by 7.1% during the second quarter. State of New Jersey Common Pension Fund D now owns 225,500 shares of the company’s stock valued at $2,521,000 after purchasing an additional 15,000 shares during the period. Monashee Investment Management LLC lifted its position in Clipper Realty by 23.4% during the second quarter. Monashee Investment Management LLC now owns 202,824 shares of the company’s stock valued at $2,268,000 after purchasing an additional 38,400 shares during the period. Monarch Partners Asset Management LLC acquired a new position in Clipper Realty during the second quarter valued at $789,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Clipper Realty by 6.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 35,812 shares of the company’s stock valued at $401,000 after purchasing an additional 2,200 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

CLPR opened at $9.01 on Friday. Clipper Realty Inc has a fifty-two week low of $8.50 and a fifty-two week high of $14.10. The company has a fifty day moving average of $9.63 and a two-hundred day moving average of $11.21. The stock has a market capitalization of $173.51 million, a price-to-earnings ratio of 20.02 and a beta of 0.05.

CLPR has been the subject of a number of research reports. ValuEngine upgraded shares of Clipper Realty from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. B. Riley set a $18.00 target price on shares of Clipper Realty and gave the company a “buy” rating in a research report on Thursday, October 17th. Finally, Zacks Investment Research downgraded shares of Clipper Realty from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th.

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.

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Institutional Ownership by Quarter for Clipper Realty (NYSE:CLPR)

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