Clipper Realty Inc. (NYSE:CLPR) Sees Large Decline in Short Interest

Clipper Realty Inc. (NYSE:CLPR) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 363,500 shares, a decrease of 48.7% from the March 15th total of 708,800 shares. Approximately 2.7% of the shares of the stock are short sold. Based on an average daily volume of 139,700 shares, the short-interest ratio is currently 2.6 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CLPR. D Orazio & Associates Inc. bought a new position in shares of Clipper Realty during the fourth quarter valued at approximately $47,000. Kathmere Capital Management LLC bought a new position in Clipper Realty in the 4th quarter worth approximately $78,000. Balyasny Asset Management L.P. purchased a new position in shares of Clipper Realty in the fourth quarter worth $87,000. Two Sigma Investments LP bought a new stake in shares of Clipper Realty in the fourth quarter worth about $103,000. Finally, JPMorgan Chase & Co. boosted its stake in Clipper Realty by 72.2% during the third quarter. JPMorgan Chase & Co. now owns 25,216 shares of the company’s stock valued at $144,000 after buying an additional 10,571 shares during the last quarter. Hedge funds and other institutional investors own 37.57% of the company’s stock.

Clipper Realty Trading Down 0.5 %

Shares of CLPR stock traded down $0.02 during trading hours on Wednesday, reaching $3.68. The stock had a trading volume of 70,659 shares, compared to its average volume of 122,108. The stock’s fifty day simple moving average is $4.11 and its 200 day simple moving average is $4.81. Clipper Realty has a 12 month low of $3.38 and a 12 month high of $7.12. The firm has a market capitalization of $59.42 million, a PE ratio of -14.72 and a beta of 1.01.

Clipper Realty (NYSE:CLPR) last released its earnings results on Friday, February 14th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.07. The business 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 1.68%. As a group, equities research analysts anticipate that Clipper Realty will post 0.39 EPS for the current fiscal year.

Clipper Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 19th were given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 10.33%. The ex-dividend date of this dividend was Wednesday, March 19th. Clipper Realty’s payout ratio is -152.00%.

About Clipper Realty

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.