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Clipper Realty Inc. (NYSE:CLPR) Sees Significant Decrease in Short Interest

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Clipper Realty Inc. (NYSE:CLPR - Get Free Report) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 213,600 shares, a decrease of 15.9% from the April 30th total of 254,100 shares. Approximately 1.6% of the shares of the stock are short sold. Based on an average daily volume of 133,700 shares, the days-to-cover ratio is presently 1.6 days.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Clipper Realty from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd.

Read Our Latest Analysis on Clipper Realty

Clipper Realty Price Performance

NYSE CLPR traded down $0.06 during trading hours on Thursday, hitting $3.83. 51,530 shares of the company's stock traded hands, compared to its average volume of 121,017. The company has a market capitalization of $61.84 million, a PE ratio of -15.32 and a beta of 1.10. Clipper Realty has a 52-week low of $3.38 and a 52-week high of $7.12. The firm's 50-day moving average is $3.81 and its 200-day moving average is $4.27.

Clipper Realty (NYSE:CLPR - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. Clipper Realty had a negative return on equity of 85.95% and a negative net margin of 1.68%. The business had revenue of $39.40 million during the quarter, compared to analyst estimates of $40.40 million. Equities research analysts predict that Clipper Realty will post 0.39 earnings per share for the current fiscal year.

Clipper Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Tuesday, May 27th will be paid a dividend of $0.095 per share. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $0.38 dividend on an annualized basis and a yield of 9.92%. Clipper Realty's dividend payout ratio (DPR) is presently -37.25%.

Institutional Trading of Clipper Realty

Hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC grew its holdings in shares of Clipper Realty by 12.3% in the first quarter. AQR Capital Management LLC now owns 22,698 shares of the company's stock valued at $87,000 after purchasing an additional 2,491 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Clipper Realty by 35.5% during the 1st quarter. Russell Investments Group Ltd. now owns 11,194 shares of the company's stock worth $43,000 after acquiring an additional 2,930 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of 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 purchasing an additional 4,701 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Clipper Realty by 21.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 38,207 shares of the company's stock worth $147,000 after purchasing an additional 6,638 shares in the last quarter. Finally, D Orazio & Associates Inc. acquired a new stake in shares of Clipper Realty during the fourth quarter worth about $47,000. Institutional investors and hedge funds own 37.57% of the company's stock.

Clipper Realty Company Profile

(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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