Short Interest in Clipper Realty Inc. (NYSE:CLPR) Expands By 23.3%

Clipper Realty Inc. (NYSE:CLPR) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totalling 915,700 shares, a growth of 23.3% from the June 30th total of 742,800 shares. Approximately 6.8% of the company’s stock are short sold. Based on an average trading volume of 102,400 shares, the days-to-cover ratio is currently 8.9 days.

Institutional Investors Weigh In On Clipper Realty

Large investors have recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Clipper Realty by 286.6% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,591 shares of the company’s stock worth $62,000 after acquiring an additional 8,593 shares during the last quarter. Vanguard Group Inc. boosted its position in Clipper Realty by 0.7% in the first quarter. Vanguard Group Inc. now owns 735,024 shares of the company’s stock valued at $3,550,000 after buying an additional 5,470 shares during the last quarter. Finally, Raymond James & Associates boosted its position in Clipper Realty by 15.5% in the fourth quarter. Raymond James & Associates now owns 16,172 shares of the company’s stock valued at $87,000 after buying an additional 2,165 shares during the last quarter. Hedge funds and other institutional investors own 37.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CLPR. Raymond James downgraded shares of Clipper Realty from an “outperform” rating to an “underperform” rating in a report on Monday, April 15th. JMP Securities reiterated a “market perform” rating on shares of Clipper Realty in a report on Thursday, April 11th.

Clipper Realty Price Performance

Clipper Realty stock traded down $0.02 during trading hours on Tuesday, reaching $3.96. The stock had a trading volume of 43,745 shares, compared to its average volume of 73,808. The company has a market cap of $63.60 million, a price-to-earnings ratio of -11.34 and a beta of 1.32. The business’s 50 day moving average price is $3.75 and its 200-day moving average price is $4.32. Clipper Realty has a 52 week low of $3.38 and a 52 week high of $6.86.

Clipper Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Tuesday, May 21st were paid a dividend of $0.095 per share. The ex-dividend date was Monday, May 20th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 9.61%. Clipper Realty’s payout ratio is -108.57%.

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.