Clipper Realty Inc. (NYSE:CLPR – Get Free Report) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 85,100 shares, a growth of 5.3% from the October 15th total of 80,800 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average trading volume of 46,500 shares, the short-interest ratio is currently 1.8 days.
Wall Street Analyst Weigh In
Separately, Raymond James lifted their target price on Clipper Realty from $7.00 to $8.00 and gave the stock an “outperform” rating in a report on Tuesday, August 1st.
Hedge Funds Weigh In On Clipper Realty
Clipper Realty Stock Up 0.8 %
Shares of NYSE CLPR traded up $0.04 during midday trading on Friday, reaching $4.85. 37,502 shares of the stock traded hands, compared to its average volume of 47,526. The company’s 50 day moving average is $5.08 and its 200 day moving average is $5.55. Clipper Realty has a one year low of $4.48 and a one year high of $7.77.
Clipper Realty Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Tuesday, November 14th will be paid a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 7.84%. The ex-dividend date is Monday, November 13th. Clipper Realty’s payout ratio is -82.61%.
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.
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