Clipper Realty Inc. (NYSE:CLPR) Short Interest Update

Clipper Realty Inc. (NYSE:CLPR) was the recipient of a large decrease in short interest during the month of 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. Based on an average daily volume of 80,725 shares, the short-interest ratio is currently 2.2 days. Currently, 2.3% of the shares of the stock are sold short. Currently, 2.3% of the shares of the stock are sold short. Based on an average daily volume of 80,725 shares, the short-interest ratio is currently 2.2 days.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Clipper Realty

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

Clipper Realty Stock Up 1.5%

Clipper Realty stock opened at $3.81 on Wednesday. The company has a fifty day simple moving average of $3.66 and a 200-day simple moving average of $3.86. The firm has a market capitalization of $61.44 million, a price-to-earnings ratio of -3.40 and a beta of 1.01. Clipper Realty has a 52-week low of $3.31 and a 52-week high of $5.16.

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

Clipper Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Wednesday, November 26th were issued a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 10.0%. The ex-dividend date was Wednesday, November 26th. Clipper Realty’s payout ratio is currently -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.