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. Based on an average trading volume of 61,816 shares, the short-interest ratio is currently 5.0 days. Currently, 4.1% of the shares of the company are short sold. Currently, 4.1% of the shares of the company are short sold. Based on an average trading volume of 61,816 shares, the short-interest ratio is currently 5.0 days.

Insider Buying and Selling at Clipper Realty

In other Clipper Realty news, Director Sam Levinson purchased 19,558 shares of the stock in a transaction that occurred on Tuesday, December 30th. The shares were acquired at an average cost of $3.70 per share, with a total value of $72,364.60. Following the completion of the transaction, the director owned 79,410 shares in the company, valued at $293,817. The trade was a 32.68% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders acquired a total of 58,263 shares of company stock worth $216,184 over the last three months. 53.01% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CLPR. Virtu Financial LLC acquired a new stake in Clipper Realty during the 4th quarter worth approximately $42,000. Wells Fargo & Company MN grew its stake in shares of Clipper Realty by 48.0% in the fourth quarter. Wells Fargo & Company MN now owns 15,485 shares of the company’s stock worth $59,000 after purchasing an additional 5,023 shares during the last quarter. Deutsche Bank AG acquired a new stake in Clipper Realty in the fourth quarter valued at $63,000. Geode Capital Management LLC increased its holdings in Clipper Realty by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 339,418 shares of the company’s stock valued at $1,297,000 after purchasing an additional 8,738 shares during the period. Finally, ANTIPODES PARTNERS Ltd bought a new position in Clipper Realty during the 4th quarter worth $202,000. Institutional investors own 37.57% of the company’s stock.

Clipper Realty Trading Up 0.3%

NYSE CLPR opened at $3.22 on Wednesday. The firm’s 50 day simple moving average is $3.53 and its 200 day simple moving average is $3.77. The firm has a market capitalization of $52.00 million, a price-to-earnings ratio of -2.35 and a beta of 0.97. Clipper Realty has a 1 year low of $3.04 and a 1 year high of $4.68.

Clipper Realty (NYSE:CLPR) last posted its earnings results on Thursday, February 26th. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.41). The firm had revenue of $37.07 million for the quarter, compared to analysts’ expectations of $38.10 million. On average, equities research analysts forecast that Clipper Realty will post 0.39 earnings per share for the current year.

Clipper Realty Announces Dividend

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

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.