Short Interest in Clipper Realty Inc. (NYSE:CLPR) Increases By 20.1%

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

Insider Buying and Selling at Clipper Realty

In other Clipper Realty news, Director Sam Levinson acquired 33,494 shares of the firm’s stock in a transaction that occurred on Monday, December 29th. The stock was acquired at an average cost of $3.71 per share, for a total transaction of $124,262.74. Following the transaction, the director owned 57,099 shares of the company’s stock, valued at $211,837.29. This trade represents a 141.89% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders bought 58,263 shares of company stock worth $216,184. Insiders own 53.01% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Cubist Systematic Strategies LLC bought a new stake in Clipper Realty in the 1st quarter valued at approximately $193,000. AQR Capital Management LLC raised its holdings in shares of Clipper Realty by 12.3% in the first quarter. AQR Capital Management LLC now owns 22,698 shares of the company’s stock valued at $87,000 after purchasing an additional 2,491 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Clipper Realty by 25.4% in the first quarter. Goldman Sachs Group Inc. now owns 97,027 shares of the company’s stock worth $373,000 after purchasing an additional 19,640 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Clipper Realty by 56.4% in the first quarter. Jane Street Group LLC now owns 142,027 shares of the company’s stock worth $545,000 after purchasing an additional 51,231 shares in the last quarter. Finally, Penserra Capital Management LLC acquired a new position in Clipper Realty during the second quarter worth $955,000. 37.57% of the stock is currently owned by institutional investors.

Clipper Realty Stock Performance

Shares of CLPR stock opened at $3.22 on Wednesday. Clipper Realty has a 52 week low of $3.04 and a 52 week high of $4.68. The company’s 50 day moving average price is $3.53 and its two-hundred day moving average price is $3.77. The company has a market capitalization of $52.00 million, a P/E ratio of -2.35 and a beta of 0.97.

Clipper Realty (NYSE:CLPR) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.41). The firm had revenue of $37.07 million for the quarter, compared to the consensus estimate of $38.10 million. Analysts forecast that Clipper Realty will post 0.39 earnings per share for the current year.

Clipper Realty Dividend Announcement

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

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.