Clipper Realty Inc. (NYSE:CLPR – Get Rating) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 147,200 shares, a decrease of 11.4% from the September 15th total of 166,200 shares. Approximately 1.1% of the company’s shares are sold short. Based on an average daily volume of 42,100 shares, the short-interest ratio is currently 3.5 days.
Clipper Realty Price Performance
Shares of CLPR stock traded down $0.21 on Friday, reaching $6.60. 12,726 shares of the company were exchanged, compared to its average volume of 54,752. The company has a market cap of $106.00 million, a price-to-earnings ratio of -15.71 and a beta of 1.05. The company has a 50-day moving average of $8.01 and a 200-day moving average of $8.36. Clipper Realty has a one year low of $6.51 and a one year high of $10.41.
Clipper Realty Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Investors of record on Friday, August 19th were issued a dividend of $0.095 per share. The ex-dividend date was Thursday, August 18th. This represents a $0.38 dividend on an annualized basis and a yield of 5.76%. Clipper Realty’s dividend payout ratio (DPR) is -90.48%.
Institutional Trading of Clipper Realty
A number of institutional investors have recently added to or reduced their stakes in CLPR. FMR LLC increased its position in shares of Clipper Realty by 38.6% during the 2nd quarter. FMR LLC now owns 1,094,811 shares of the company’s stock valued at $8,452,000 after purchasing an additional 304,762 shares during the last quarter. Dupont Capital Management Corp purchased a new stake in Clipper Realty in the 2nd quarter worth approximately $160,000. Stockman Wealth Management Inc. purchased a new stake in Clipper Realty in the first quarter worth $159,000. Resources Investment Advisors LLC. bought a new position in Clipper Realty in the fourth quarter worth $126,000. Finally, LPL Financial LLC increased its stake in shares of Clipper Realty by 7.2% in the 2nd quarter. LPL Financial LLC now owns 131,030 shares of the company’s stock worth $1,012,000 after acquiring an additional 8,775 shares in the last quarter. Hedge funds and other institutional investors own 34.20% 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.
See Also
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