Clipper Realty Inc. (NYSE:CLPR - Get Free Report) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totalling 525,100 shares, a drop of 5.1% from the November 30th total of 553,100 shares. Currently, 3.9% of the shares of the stock are sold short. Based on an average daily volume of 152,700 shares, the short-interest ratio is presently 3.4 days.
Clipper Realty Price Performance
Clipper Realty stock traded down $0.12 during midday trading on Wednesday, reaching $4.58. The company had a trading volume of 150,881 shares, compared to its average volume of 96,652. Clipper Realty has a 12-month low of $3.38 and a 12-month high of $7.12. The company has a market capitalization of $73.63 million, a P/E ratio of -15.79 and a beta of 1.26. The firm's fifty day simple moving average is $5.41 and its 200-day simple moving average is $4.93.
Clipper Realty Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 8.30%. The ex-dividend date of this dividend was Wednesday, November 13th. Clipper Realty's dividend payout ratio is presently -131.03%.
Institutional Trading of Clipper Realty
Large investors have recently made changes to their positions in the company. Marshall Wace LLP acquired a new stake in Clipper Realty during the 2nd quarter worth $38,000. Pitcairn Co. purchased a new position in shares of Clipper Realty in the third quarter worth about $62,000. Hsbc Holdings PLC boosted its position in Clipper Realty by 25.6% during the second quarter. Hsbc Holdings PLC now owns 24,770 shares of the company's stock worth $87,000 after acquiring an additional 5,054 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Clipper Realty by 72.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 25,216 shares of the company's stock valued at $144,000 after acquiring an additional 10,571 shares in the last quarter. Finally, FMR LLC raised its holdings in Clipper Realty by 280.1% in the 3rd quarter. FMR LLC now owns 28,180 shares of the company's stock valued at $161,000 after acquiring an additional 20,767 shares during the last quarter. 37.57% of the stock is currently owned by hedge funds and other institutional investors.
About Clipper Realty
(
Get Free Report)
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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