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

Clipper Realty Inc. (NYSE:CLPR) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 272,833 shares, an increase of 29.8% from the December 31st total of 210,217 shares. Currently, 3.6% of the company’s shares are sold short. Based on an average daily volume of 76,228 shares, the short-interest ratio is presently 3.6 days. Based on an average daily volume of 76,228 shares, the short-interest ratio is presently 3.6 days. Currently, 3.6% of the company’s shares are sold short.

Insider Activity

In other Clipper Realty news, Director Sam Levinson acquired 33,494 shares of Clipper Realty stock in a transaction that occurred on Monday, December 29th. The shares were bought at an average price of $3.71 per share, with a total value of $124,262.74. Following the completion of the purchase, the director directly owned 57,099 shares in the company, valued at $211,837.29. This trade represents a 141.89% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders purchased a total of 58,263 shares of company stock valued at $216,184 over the last three months. Corporate insiders own 53.01% of the company’s stock.

Hedge Funds Weigh In On Clipper Realty

Several institutional investors have recently modified their holdings of the company. B. Riley Wealth Advisors Inc. purchased a new stake in Clipper Realty during the third quarter valued at about $44,000. Russell Investments Group Ltd. boosted its holdings in shares of Clipper Realty by 161.4% during the third quarter. Russell Investments Group Ltd. now owns 12,673 shares of the company’s stock worth $48,000 after purchasing an additional 7,824 shares during the period. Abel Hall LLC bought a new stake in shares of Clipper Realty in the third quarter worth about $52,000. Ameriprise Financial Inc. purchased a new position in Clipper Realty during the 2nd quarter valued at about $70,000. Finally, Harpswell Capital Advisors LLC bought a new position in Clipper Realty during the 3rd quarter valued at approximately $72,000. 37.57% of the stock is currently owned by institutional investors.

Clipper Realty Trading Down 2.6%

CLPR stock traded down $0.09 during trading on Monday, reaching $3.40. 70,492 shares of the stock were exchanged, compared to its average volume of 64,888. The firm has a market cap of $54.91 million, a P/E ratio of -3.04 and a beta of 0.98. The firm’s 50 day moving average is $3.58 and its 200 day moving average is $3.84. Clipper Realty has a twelve month low of $3.30 and a twelve month high of $5.16.

Clipper Realty (NYSE:CLPR) last released its quarterly earnings results on Thursday, November 13th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The firm had revenue of $37.70 million for the quarter, compared to the consensus estimate of $37.90 million. As a group, analysts predict that Clipper Realty will post 0.39 earnings per share for the current fiscal year.

Clipper Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Wednesday, November 26th were given a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date was Wednesday, November 26th. Clipper Realty’s dividend payout ratio (DPR) is -33.93%.

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.