Short Interest in Clipper Realty Inc. (NYSE:CLPR) Decreases By 7.4%

Clipper Realty Inc. (NYSE:CLPR) saw a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 598,700 shares, a drop of 7.4% from the January 15th total of 646,600 shares. Currently, 4.4% of the shares of the stock are short sold. Based on an average daily volume of 149,500 shares, the short-interest ratio is currently 4.0 days.

Institutional Investors Weigh In On Clipper Realty

A number of large investors have recently modified their holdings of CLPR. Two Sigma Investments LP bought a new stake in shares of Clipper Realty during the 4th quarter worth $103,000. Balyasny Asset Management L.P. acquired a new position in Clipper Realty during the fourth quarter worth about $87,000. Jane Street Group LLC lifted its holdings in shares of Clipper Realty by 757.8% in the fourth quarter. Jane Street Group LLC now owns 90,796 shares of the company’s stock worth $416,000 after acquiring an additional 80,211 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Clipper Realty by 24.2% in the 4th quarter. Northern Trust Corp now owns 137,054 shares of the company’s stock valued at $628,000 after purchasing an additional 26,723 shares in the last quarter. Finally, Invesco Ltd. acquired a new stake in shares of Clipper Realty in the 4th quarter valued at approximately $6,776,000. Institutional investors and hedge funds own 37.57% of the company’s stock.

Clipper Realty Stock Up 12.3 %

CLPR stock opened at $4.57 on Wednesday. Clipper Realty has a 52 week low of $3.38 and a 52 week high of $7.12. The business has a 50-day simple moving average of $4.45 and a 200 day simple moving average of $5.02. The company has a market cap of $73.79 million, a PE ratio of -15.75 and a beta of 1.24.

Clipper Realty (NYSE:CLPR) last issued its earnings results on Friday, February 14th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.12 by $0.07. Clipper Realty had a negative net margin of 2.17% and a negative return on equity of 85.95%. The company had revenue of $38.05 million during the quarter, compared to analysts’ expectations of $38.70 million. On average, analysts anticipate that Clipper Realty will post 0.48 EPS for the current fiscal year.

Clipper Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 19th will be paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 8.32%. The ex-dividend date is Wednesday, March 19th. Clipper Realty’s payout ratio is presently -131.03%.

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.