Clipper Realty Inc. (NYSE:CLPR) Short Interest Up 20.1% in February

Clipper Realty Inc. (NYSE:CLPR) was the recipient of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 308,582 shares, a growth of 20.1% from the January 29th total of 256,997 shares. Currently, 4.1% of the shares of the company are sold short. Based on an average trading volume of 61,816 shares, the days-to-cover ratio is currently 5.0 days. Based on an average trading volume of 61,816 shares, the days-to-cover ratio is currently 5.0 days. Currently, 4.1% of the shares of the company are sold short.

Clipper Realty Stock Performance

Shares of Clipper Realty stock traded up $0.01 during trading on Thursday, reaching $3.22. The company’s stock had a trading volume of 28,249 shares, compared to its average volume of 66,147. Clipper Realty has a one year low of $3.04 and a one year high of $4.68. The firm has a market cap of $51.99 million, a price-to-earnings ratio of -2.35 and a beta of 0.97. The business’s fifty day moving average price is $3.53 and its 200-day moving average price is $3.77.

Clipper Realty (NYSE:CLPR) last released its earnings results on Thursday, February 26th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.41). The business had revenue of $37.07 million during the quarter, compared to analysts’ expectations of $38.10 million. Sell-side analysts anticipate that Clipper Realty will post 0.39 EPS for the current year.

Clipper Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Thursday, March 12th will be issued a $0.095 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.38 dividend on an annualized basis and a yield of 11.8%. Clipper Realty’s dividend payout ratio is -27.74%.

Insider Buying and Selling

In other news, Director Sam Levinson bought 33,494 shares of the business’s stock in a transaction on Monday, December 29th. The stock was purchased at an average price of $3.71 per share, with a total value of $124,262.74. Following the transaction, the director directly owned 57,099 shares in the company, valued at approximately $211,837.29. The trade was a 141.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last quarter, insiders have acquired 58,263 shares of company stock valued at $216,184. Company insiders own 53.01% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new stake in Clipper Realty during the fourth quarter worth about $42,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Clipper Realty during the third quarter valued at approximately $44,000. Russell Investments Group Ltd. increased its position 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 valued at $48,000 after purchasing an additional 7,824 shares during the period. Abel Hall LLC acquired a new position in shares of Clipper Realty in the third quarter valued at $52,000. Finally, Wells Fargo & Company MN lifted its position in Clipper Realty by 48.0% in the fourth quarter. Wells Fargo & Company MN now owns 15,485 shares of the company’s stock worth $59,000 after purchasing an additional 5,023 shares during the period. Institutional investors and hedge funds own 37.57% of the company’s stock.

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.