Clipper Realty Inc. (NYSE:CLPR) Sees Large Decrease in Short Interest

Clipper Realty Inc. (NYSE:CLPR) was the recipient of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 148,979 shares, a decrease of 60.4% from the June 15th total of 376,633 shares. Based on an average trading volume of 274,633 shares, the short-interest ratio is currently 0.5 days. Approximately 2.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On Clipper Realty

Large investors have recently added to or reduced their stakes in the company. Focus Partners Wealth acquired a new stake in shares of Clipper Realty during the third quarter worth approximately $335,000. ANTIPODES PARTNERS Ltd acquired a new stake in Clipper Realty in the fourth quarter valued at $202,000. Jane Street Group LLC raised its holdings in Clipper Realty by 56.4% in the first quarter. Jane Street Group LLC now owns 142,027 shares of the company’s stock valued at $545,000 after acquiring an additional 51,231 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in Clipper Realty during the 1st quarter valued at $193,000. Finally, Geode Capital Management LLC grew its holdings in Clipper Realty by 9.3% during the 2nd quarter. Geode Capital Management LLC now owns 333,970 shares of the company’s stock worth $1,226,000 after acquiring an additional 28,385 shares in the last quarter. 37.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Clipper Realty from a “hold” rating to a “sell” rating in a report on Sunday, May 31st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Clipper Realty Stock Performance

NYSE CLPR traded down $0.01 during mid-day trading on Tuesday, reaching $2.88. 60,350 shares of the stock were exchanged, compared to its average volume of 88,618. The stock has a market capitalization of $46.46 million, a PE ratio of -3.55 and a beta of 0.98. Clipper Realty has a 1-year low of $2.69 and a 1-year high of $4.61. The business’s fifty day simple moving average is $3.05 and its 200 day simple moving average is $3.26.

Clipper Realty (NYSE:CLPR) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.39). The business had revenue of $38.12 million during the quarter, compared to the consensus estimate of $39.60 million. On average, analysts anticipate that Clipper Realty will post 0.26 EPS for the current year.

Clipper Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Tuesday, May 26th were issued a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 13.2%. The ex-dividend date was Tuesday, May 26th. Clipper Realty’s dividend payout ratio is currently -46.91%.

About Clipper Realty

Clipper Realty Inc is a publicly traded real estate investment trust that acquires, owns and manages multifamily residential and mixed?use properties in the Greater New York metropolitan area. Since its initial public offering in early 2017, the company has focused on strategically sourcing apartment buildings and retail space in Manhattan and Brooklyn, with an emphasis on value?add opportunities that can benefit from in?house leasing, renovation and operational efficiencies.

The company’s primary activities include property acquisition, selective repositioning and asset management.