Short Interest in Clipper Realty Inc. (NYSE:CLPR) Expands By 23.3%

Clipper Realty Inc. (NYSE:CLPR) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totalling 915,700 shares, an increase of 23.3% from the June 30th total of 742,800 shares. Currently, 6.8% of the company’s stock are sold short. Based on an average daily volume of 102,400 shares, the days-to-cover ratio is currently 8.9 days.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Clipper Realty by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 735,024 shares of the company’s stock worth $3,550,000 after purchasing an additional 5,470 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Clipper Realty by 286.6% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,591 shares of the company’s stock worth $62,000 after purchasing an additional 8,593 shares during the last quarter. Finally, Raymond James & Associates lifted its holdings in shares of Clipper Realty by 15.5% in the 4th quarter. Raymond James & Associates now owns 16,172 shares of the company’s stock worth $87,000 after purchasing an additional 2,165 shares during the last quarter. Institutional investors own 37.57% of the company’s stock.

Analysts Set New Price Targets

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

Clipper Realty Stock Down 0.4 %

NYSE:CLPR traded down $0.02 during trading hours on Tuesday, reaching $3.96. 43,745 shares of the stock were exchanged, compared to its average volume of 73,808. The firm has a 50 day simple moving average of $3.75 and a 200-day simple moving average of $4.32. Clipper Realty has a 52 week low of $3.38 and a 52 week high of $6.86. The stock has a market capitalization of $63.60 million, a P/E ratio of -11.34 and a beta of 1.32.

Clipper Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Tuesday, May 21st were issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 9.61%. The ex-dividend date was Monday, May 20th. Clipper Realty’s dividend payout ratio is presently -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.