Clipper Realty Inc. (NYSE:CLPR) Short Interest Update

Clipper Realty Inc. (NYSE:CLPR) was the target of a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 173,631 shares, a decrease of 15.8% from the November 30th total of 206,193 shares. Based on an average daily trading volume, of 80,725 shares, the short-interest ratio is currently 2.2 days. Approximately 2.3% of the company’s shares are short sold. Approximately 2.3% of the company’s shares are short sold. Based on an average daily trading volume, of 80,725 shares, the short-interest ratio is currently 2.2 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Penserra Capital Management LLC purchased a new position in shares of Clipper Realty during the second quarter worth $955,000. Focus Partners Wealth acquired a new position in Clipper Realty during the 3rd quarter worth about $335,000. Jane Street Group LLC lifted its stake in Clipper Realty by 56.4% during the 1st quarter. Jane Street Group LLC now owns 142,027 shares of the company’s stock worth $545,000 after acquiring an additional 51,231 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Clipper Realty during the 1st quarter valued at about $193,000. Finally, Geode Capital Management LLC grew its position in Clipper Realty by 9.3% in the 2nd quarter. Geode Capital Management LLC now owns 333,970 shares of the company’s stock valued at $1,226,000 after acquiring an additional 28,385 shares in the last quarter. 37.57% of the stock is currently owned by institutional investors and hedge funds.

Clipper Realty Trading Up 1.5%

Shares of CLPR opened at $3.81 on Wednesday. The company’s 50-day moving average price is $3.66 and its 200 day moving average price is $3.86. Clipper Realty has a 12-month low of $3.31 and a 12-month high of $5.16. The firm has a market cap of $61.44 million, a P/E ratio of -3.40 and a beta of 1.01.

Clipper Realty (NYSE:CLPR) last announced its earnings results on Thursday, November 13th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03. The company had revenue of $37.70 million for the quarter, compared to analysts’ expectations of $37.90 million. Equities research analysts forecast that Clipper Realty will post 0.39 earnings per share for the current year.

Clipper Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Wednesday, November 26th were issued a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 10.0%. The ex-dividend date was Wednesday, November 26th. Clipper Realty’s dividend payout ratio (DPR) is -33.93%.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of Clipper Realty from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 9th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Clipper Realty currently has a consensus rating of “Hold”.

Clipper Realty Company Profile

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.