Clipper Realty Inc. (NYSE:CLPR) Short Interest Update

Clipper Realty Inc. (NYSE:CLPR - Get Free Report) saw a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 363,500 shares, a decline of 48.7% from the March 15th total of 708,800 shares. Based on an average daily volume of 139,700 shares, the days-to-cover ratio is presently 2.6 days. Currently, 2.7% of the company's stock are sold short.

Clipper Realty Stock Down 0.8 %

Shares of Clipper Realty stock traded down $0.03 on Monday, hitting $3.64. 53,592 shares of the company's stock traded hands, compared to its average volume of 121,934. Clipper Realty has a 52-week low of $3.38 and a 52-week high of $7.12. The stock has a market cap of $58.78 million, a P/E ratio of -14.56 and a beta of 1.01. The firm's 50-day moving average is $4.08 and its 200 day moving average is $4.75.

Clipper Realty (NYSE:CLPR - Get Free Report) last posted its quarterly earnings data on Friday, February 14th. The company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.07. The firm had revenue of $38.05 million for the quarter, compared to the consensus estimate of $38.70 million. Clipper Realty had a negative net margin of 1.68% and a negative return on equity of 85.95%. Equities research analysts forecast that Clipper Realty will post 0.39 EPS for the current year.

Clipper Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 19th were issued a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 10.44%. The ex-dividend date was Wednesday, March 19th. Clipper Realty's dividend payout ratio is currently -152.00%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Barclays PLC lifted its stake in Clipper Realty by 18.8% during the third quarter. Barclays PLC now owns 82,621 shares of the company's stock worth $472,000 after purchasing an additional 13,100 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of Clipper Realty by 687.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 151,088 shares of the company's stock valued at $692,000 after buying an additional 131,913 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Clipper Realty by 6.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,569 shares of the company's stock valued at $180,000 after buying an additional 1,873 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Clipper Realty by 6.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 83,404 shares of the company's stock worth $382,000 after acquiring an additional 4,701 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Clipper Realty by 3.2% in the third quarter. Geode Capital Management LLC now owns 292,811 shares of the company's stock worth $1,669,000 after acquiring an additional 9,009 shares during the last quarter. Institutional investors and hedge funds own 37.57% of the company's stock.

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.