Short Interest in Clipper Realty Inc. (NYSE:CLPR) Expands By 5.3%

Clipper Realty Inc. (NYSE:CLPR) 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

Institutional investors and hedge funds have recently made changes to their positions in the business. O Shaughnessy Asset Management LLC bought a new stake in shares of Clipper Realty in the 3rd quarter worth about $79,000. Stifel Financial Corp purchased a new stake in shares of Clipper Realty during the third quarter valued at $96,000. FMR LLC grew its holdings in shares of Clipper Realty by 0.4% in the third quarter. FMR LLC now owns 1,153,013 shares of the company’s stock worth $5,973,000 after purchasing an additional 4,691 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in shares of Clipper Realty by 1.5% in the third quarter. State of New Jersey Common Pension Fund D now owns 347,500 shares of the company’s stock worth $1,800,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in Clipper Realty by 130.5% in the 2nd quarter. Wells Fargo & Company MN now owns 5,293 shares of the company’s stock worth $30,000 after buying an additional 2,997 shares during the period.

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.