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

Clipper Realty Inc. (NYSE:CLPR) saw a large 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. Based on an average daily trading volume, of 89,900 shares, the days-to-cover ratio is presently 7.6 days. Currently, 5.1% of the shares of the stock are short sold.

Clipper Realty Stock Up 1.9 %

Shares of CLPR traded up $0.07 during mid-day trading on Monday, hitting $3.68. 42,343 shares of the company’s stock traded hands, compared to its average volume of 68,828. Clipper Realty has a 1 year low of $3.42 and a 1 year high of $6.86. The firm has a market capitalization of $59.16 million, a P/E ratio of -10.31 and a beta of 1.26. The business’s 50-day moving average price is $3.86 and its 200-day moving average price is $4.55.

Clipper Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Tuesday, May 21st were paid a dividend of $0.095 per share. The ex-dividend date was Monday, May 20th. This represents a $0.38 annualized dividend and a dividend yield of 10.33%. Clipper Realty’s dividend payout ratio (DPR) is presently -108.57%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CLPR. Raymond James downgraded Clipper Realty from an “outperform” rating to an “underperform” rating in a research report on Monday, April 15th. JMP Securities reiterated a “market perform” rating on shares of Clipper Realty in a research report on Thursday, April 11th.

Hedge Funds Weigh In On Clipper Realty

Hedge funds have recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Clipper Realty by 286.6% in the fourth 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 period. O Shaughnessy Asset Management LLC purchased a new stake in Clipper Realty in the third quarter worth $79,000. Raymond James & Associates grew its stake in Clipper Realty by 15.5% in 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 during the period. B. Riley Wealth Advisors Inc. grew its stake in Clipper Realty by 16.4% in the third quarter. B. Riley Wealth Advisors Inc. now owns 22,322 shares of the company’s stock worth $116,000 after purchasing an additional 3,137 shares during the period. Finally, Vanguard Group Inc. grew its stake in Clipper Realty by 0.7% in the first 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 period. 37.57% of the stock is owned by hedge funds and other institutional investors.

About Clipper Realty

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.