Clipper Realty Inc. (NYSE:CLPR) Short Interest Up 21.1% in December

Clipper Realty Inc. (NYSE:CLPR) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 210,217 shares, an increase of 21.1% from the December 15th total of 173,631 shares. Based on an average daily volume of 95,579 shares, the short-interest ratio is currently 2.2 days. Approximately 2.8% of the shares of the company are short sold. Approximately 2.8% of the shares of the company are short sold. Based on an average daily volume of 95,579 shares, the short-interest ratio is currently 2.2 days.

Insider Transactions at Clipper Realty

In related news, Director Sam Levinson purchased 19,558 shares of the firm’s stock in a transaction on Tuesday, December 30th. The shares were bought at an average cost of $3.70 per share, for a total transaction of $72,364.60. Following the transaction, the director directly owned 79,410 shares of the company’s stock, valued at approximately $293,817. This trade represents a 32.68% increase in their position. The transaction was disclosed in a legal filing 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 Investors Weigh In On Clipper Realty

Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its holdings in shares of Clipper Realty by 209.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 22,300 shares of the company’s stock worth $85,000 after acquiring an additional 15,101 shares during the period. Abel Hall LLC acquired a new position in Clipper Realty in the third quarter worth about $52,000. Focus Partners Wealth bought a new position in Clipper Realty during the third quarter worth about $335,000. Two Sigma Investments LP lifted its stake in Clipper Realty by 19.3% during the third quarter. Two Sigma Investments LP now owns 86,968 shares of the company’s stock worth $330,000 after purchasing an additional 14,045 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in 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 in the last quarter. Institutional investors own 37.57% of the company’s stock.

Clipper Realty Price Performance

Shares of NYSE CLPR traded down $0.01 during mid-day trading on Monday, hitting $3.73. The company had a trading volume of 73,881 shares, compared to its average volume of 82,559. Clipper Realty has a 12 month low of $3.31 and a 12 month high of $5.16. The firm has a market cap of $60.16 million, a P/E ratio of -3.33 and a beta of 0.98. The business’s 50-day simple moving average is $3.60 and its 200-day simple moving average is $3.85.

Clipper Realty (NYSE:CLPR) last issued its quarterly earnings results on Thursday, November 13th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. The firm had revenue of $37.70 million for the quarter, compared to the consensus estimate of $37.90 million. As a group, sell-side analysts predict that Clipper Realty will post 0.39 EPS for the current year.

Clipper Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Wednesday, November 26th were paid a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date was Wednesday, November 26th. Clipper Realty’s dividend payout ratio is presently -33.93%.

Clipper Realty Company Profile

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.