Clipper Realty Inc. (NYSE:CLPR) Short Interest Down 15.8% in December

Clipper Realty Inc. (NYSE:CLPR) saw a significant decrease in short interest in 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. Currently, 2.3% of the company’s shares are short sold. Based on an average trading volume of 80,725 shares, the days-to-cover ratio is currently 2.2 days. Based on an average trading volume of 80,725 shares, the days-to-cover ratio is currently 2.2 days. Currently, 2.3% of the company’s shares are short sold.

Analyst Ratings Changes

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

Clipper Realty Stock Up 1.1%

CLPR stock opened at $3.83 on Friday. The business has a 50 day moving average of $3.65 and a 200 day moving average of $3.86. The firm has a market cap of $61.85 million, a PE ratio of -3.42 and a beta of 0.98. Clipper Realty has a twelve month low of $3.31 and a twelve month high of $5.16.

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

Clipper Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Wednesday, November 26th were given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 9.9%. The ex-dividend date of this dividend was Wednesday, November 26th. Clipper Realty’s dividend payout ratio is -33.93%.

Insider Buying and Selling

In related news, Director Sam Levinson purchased 19,558 shares of the business’s stock in a transaction that occurred on Tuesday, December 30th. The shares were acquired at an average price of $3.70 per share, for a total transaction of $72,364.60. Following the completion of the acquisition, the director directly owned 79,410 shares in the company, valued at approximately $293,817. The trade was a 32.68% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders acquired a total of 58,263 shares of company stock valued at $216,184 over the last ninety days. Company insiders own 53.01% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. grew its holdings in shares of Clipper Realty by 35.5% during the first quarter. Russell Investments Group Ltd. now owns 11,194 shares of the company’s stock valued at $43,000 after buying an additional 2,930 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in Clipper Realty in the 3rd quarter valued at approximately $44,000. Abel Hall LLC purchased a new stake in Clipper Realty during the 3rd quarter valued at $52,000. Ameriprise Financial Inc. purchased a new stake in Clipper Realty during the 2nd quarter valued at $70,000. Finally, Harpswell Capital Advisors LLC bought a new stake in shares of Clipper Realty in the 3rd quarter worth $72,000. Institutional investors own 37.57% of the company’s stock.

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.