Clipper Realty Inc. (NYSE:CLPR) Short Interest Down 7.4% in January

Clipper Realty Inc. (NYSE:CLPR - Get Free Report) was the target of a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 598,700 shares, a decrease of 7.4% from the January 15th total of 646,600 shares. Based on an average daily volume of 149,500 shares, the short-interest ratio is currently 4.0 days. Approximately 4.4% of the company's shares are sold short.

Clipper Realty Price Performance

NYSE CLPR traded down $0.41 on Friday, reaching $4.49. The company had a trading volume of 65,898 shares, compared to its average volume of 97,806. The firm has a market cap of $72.51 million, a price-to-earnings ratio of -17.96 and a beta of 1.24. Clipper Realty has a fifty-two week low of $3.38 and a fifty-two week high of $7.12. The business has a 50 day moving average of $4.46 and a two-hundred day moving average of $5.02.

Clipper Realty (NYSE:CLPR - Get Free Report) last posted its quarterly earnings data on Friday, February 14th. The company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.07. The business had revenue of $38.05 million during the quarter, compared to the consensus estimate 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, research analysts predict that Clipper Realty will post 0.39 earnings per share for the current fiscal year.

Clipper Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 19th will be issued a $0.095 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $0.38 dividend on an annualized basis and a yield of 8.46%. Clipper Realty's payout ratio is -152.00%.

Institutional Trading of Clipper Realty

A number of institutional investors and hedge funds have recently bought and sold shares of CLPR. Two Sigma Investments LP bought a new stake in Clipper Realty during the fourth quarter valued at $103,000. Balyasny Asset Management L.P. bought a new stake in Clipper Realty during the fourth quarter valued at $87,000. Jane Street Group LLC boosted its position in Clipper Realty by 757.8% during the fourth quarter. Jane Street Group LLC now owns 90,796 shares of the company's stock valued at $416,000 after acquiring an additional 80,211 shares during the last quarter. Northern Trust Corp boosted its position in Clipper Realty by 24.2% during the fourth quarter. Northern Trust Corp now owns 137,054 shares of the company's stock valued at $628,000 after acquiring an additional 26,723 shares during the last quarter. Finally, Invesco Ltd. bought a new stake in Clipper Realty during the fourth quarter valued at $6,776,000. 37.57% of the stock is currently owned by institutional investors and hedge funds.

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.