Short Interest in Clipper Realty Inc. (NYSE:CLPR) Rises By 52.6%

Clipper Realty Inc. (NYSE:CLPR) saw a significant increase in short interest in March. As of March 13th, there was short interest totaling 443,393 shares, an increase of 52.6% from the February 26th total of 290,570 shares. Based on an average daily trading volume, of 72,408 shares, the short-interest ratio is currently 6.1 days. Approximately 5.8% of the company’s stock are sold short.

Insider Transactions at Clipper Realty

In other Clipper Realty news, Director Sam Levinson purchased 19,558 shares of the firm’s stock in a transaction on Tuesday, December 30th. The stock was bought at an average cost of $3.70 per share, with a total value of $72,364.60. Following the acquisition, the director directly owned 79,410 shares of the company’s stock, valued at approximately $293,817. This represents a 32.68% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 53.01% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its position in shares of Clipper Realty by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 339,418 shares of the company’s stock valued at $1,297,000 after buying an additional 8,738 shares during the last quarter. Penserra Capital Management LLC lifted its position in Clipper Realty by 3.5% in the third quarter. Penserra Capital Management LLC now owns 269,444 shares of the company’s stock valued at $1,023,000 after acquiring an additional 9,131 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Clipper Realty by 3.1% in the third quarter. Dimensional Fund Advisors LP now owns 147,119 shares of the company’s stock valued at $559,000 after acquiring an additional 4,375 shares in the last quarter. Jane Street Group LLC boosted its stake in Clipper Realty by 56.4% in the first quarter. Jane Street Group LLC now owns 142,027 shares of the company’s stock valued at $545,000 after acquiring an additional 51,231 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Clipper Realty by 25.4% during 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 during the last quarter. Institutional investors and hedge funds own 37.57% of the company’s stock.

Clipper Realty Stock Performance

CLPR opened at $2.94 on Monday. Clipper Realty has a one year low of $2.92 and a one year high of $4.61. The company has a market cap of $47.39 million, a P/E ratio of -2.14 and a beta of 0.97. The business’s 50-day simple moving average is $3.33 and its 200-day simple moving average is $3.62.

Clipper Realty (NYSE:CLPR) last posted its earnings results on Thursday, February 26th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.41). The company had revenue of $37.07 million during the quarter, compared to analysts’ expectations of $38.10 million. As a group, analysts predict that Clipper Realty will post 0.39 earnings per share for the current fiscal year.

Clipper Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Thursday, March 12th were issued a dividend of $0.095 per share. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $0.38 dividend on an annualized basis and a yield of 12.9%. 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.