Clipper Realty Inc. (NYSE:CLPR) Short Interest Up 43.7% in June

Clipper Realty Inc. (NYSE:CLPR) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 686,900 shares, a growth of 43.7% from the May 31st total of 478,100 shares. Approximately 5.1% of the shares of the company are short sold. Based on an average daily trading volume, of 89,900 shares, the days-to-cover ratio is presently 7.6 days.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CLPR shares. Raymond James downgraded Clipper Realty from an “outperform” rating to an “underperform” rating in a research note on Monday, April 15th. JMP Securities restated a “market perform” rating on shares of Clipper Realty in a research note on Thursday, April 11th.

Hedge Funds Weigh In On Clipper Realty

A number of hedge funds have recently bought and sold shares of the business. Raymond James & Associates boosted its position in Clipper Realty by 15.5% during the fourth quarter. Raymond James & Associates now owns 16,172 shares of the company’s stock worth $87,000 after purchasing an additional 2,165 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of Clipper Realty by 16.4% during the third quarter. B. Riley Wealth Advisors Inc. now owns 22,322 shares of the company’s stock valued at $116,000 after acquiring an additional 3,137 shares during the last quarter. FMR LLC raised its holdings in shares of Clipper Realty by 0.4% during the third quarter. FMR LLC now owns 1,153,013 shares of the company’s stock valued at $5,973,000 after acquiring an additional 4,691 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Clipper Realty by 0.7% during the first quarter. Vanguard Group Inc. now owns 735,024 shares of the company’s stock valued at $3,550,000 after acquiring an additional 5,470 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Clipper Realty by 286.6% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,591 shares of the company’s stock valued at $62,000 after acquiring an additional 8,593 shares during the last quarter. Hedge funds and other institutional investors own 37.57% of the company’s stock.

Clipper Realty Price Performance

CLPR stock traded up $0.07 during mid-day trading on Monday, reaching $3.68. 42,343 shares of the company’s stock were exchanged, compared to its average volume of 68,828. The company has a market cap of $59.16 million, a price-to-earnings ratio of -10.31 and a beta of 1.26. The stock’s 50 day moving average is $3.86 and its 200 day moving average is $4.55. Clipper Realty has a 12-month low of $3.42 and a 12-month high of $6.86.

Clipper Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Tuesday, May 21st were given a dividend of $0.095 per share. The ex-dividend date of this dividend was Monday, May 20th. This represents a $0.38 dividend on an annualized basis and a yield of 10.33%. Clipper Realty’s dividend payout ratio is currently -108.57%.

Clipper Realty Company Profile

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.