Clipper Realty Inc. (NYSE:CLPR) Short Interest Down 7.4% in January

Clipper Realty Inc. (NYSE:CLPR) was the recipient of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 598,700 shares, a decline of 7.4% from the January 15th total of 646,600 shares. Based on an average daily trading volume, of 149,500 shares, the days-to-cover ratio is currently 4.0 days. Approximately 4.4% of the shares of the stock are sold short.

Clipper Realty Price Performance

CLPR stock traded up $0.50 during midday trading on Tuesday, reaching $4.57. 194,055 shares of the stock were exchanged, compared to its average volume of 95,553. Clipper Realty has a 52 week low of $3.38 and a 52 week high of $7.12. The company has a fifty day moving average price of $4.45 and a 200 day moving average price of $5.02. The stock has a market capitalization of $73.79 million, a PE ratio of -15.75 and a beta of 1.24.

Clipper Realty (NYSE:CLPR) last released its quarterly earnings results on Friday, February 14th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.07. The company had revenue of $38.05 million for the quarter, compared to analysts’ expectations of $38.70 million. Clipper Realty had a negative return on equity of 85.95% and a negative net margin of 2.17%. As a group, analysts anticipate that Clipper Realty will post 0.48 earnings per share for the current fiscal year.

Clipper Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 19th will be paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 8.32%. The ex-dividend date is Wednesday, March 19th. Clipper Realty’s payout ratio is currently -131.03%.

Hedge Funds Weigh In On Clipper Realty

A number of hedge funds have recently modified their holdings of the business. Invesco Ltd. bought a new position in Clipper Realty during the 4th quarter worth $6,776,000. O Shaughnessy Asset Management LLC raised its position in shares of Clipper Realty by 687.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 151,088 shares of the company’s stock worth $692,000 after acquiring an additional 131,913 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Clipper Realty by 757.8% in the fourth quarter. Jane Street Group LLC now owns 90,796 shares of the company’s stock worth $416,000 after acquiring an additional 80,211 shares during the period. Ritholtz Wealth Management boosted its holdings in Clipper Realty by 574.9% in the fourth quarter. Ritholtz Wealth Management now owns 84,512 shares of the company’s stock valued at $387,000 after acquiring an additional 71,990 shares during the last quarter. Finally, Cerity Partners LLC increased its position in Clipper Realty by 241.6% during the 4th quarter. Cerity Partners LLC now owns 90,443 shares of the company’s stock valued at $428,000 after purchasing an additional 63,968 shares during the period. Institutional investors and hedge funds own 37.57% of the company’s stock.

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.