Clipper Realty Inc. (NYSE:CLPR – Get Free Report) 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.
Check Out Our Latest Stock Analysis on Clipper Realty
Hedge Funds Weigh In On Clipper Realty
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.
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