Short-term stake in Clipper Realty Inc. (NYSE:CLPR) drops 13.9%

Clipper Realty Inc. (NYSE: CLPR – Get a rating) was the target of a sharp drop in short-term interest during August. As of August 31, there was short interest totaling 117,300 shares, down 13.9% from the August 15 total of 136,300 shares. Based on an average daily trading volume of 46,400 shares, the day-to-cover ratio is currently 2.5 days. Currently, 0.9% of the company’s shares are sold short.

Institutional entries and exits

A number of hedge funds have recently changed their positions in CLPR. Resources Investment Advisors LLC. bought a new position in Clipper Realty in Q4 worth approximately $126,000. Stockman Wealth Management Inc. purchased a new equity stake in Clipper Realty during Q1 worth approximately $159,000. Bank of New York Mellon Corp increased its stake in Clipper Realty shares by 1.7% in the 1st quarter. Bank of New York Mellon Corp now owns 118,314 shares of the company worth $1,073,000 after acquiring 1,932 additional shares last quarter. Dimensional Fund Advisors LP increased its holding in shares of Clipper Realty by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 140,187 shares of the company worth $1,272,000 after acquiring 1,424 additional shares in the last quarter. Finally, State Street Corp increased its stake in Clipper Realty shares by 3.5% during the 1st quarter. State Street Corp now owns 257,204 shares of the company worth $2,333,000 after acquiring 8,578 additional shares last quarter. 34.20% of the shares are currently held by institutional investors.

Clipper Realty Trading down 2.3%

Clipper Realty shares were down $0.19 during Friday trading hours, hitting $8.05. 161,980 shares of the stock trade in hands, compared to its average volume of 43,362. The company has a 50-day moving average price of $8.58 and a 200-day moving average price of $8.67. Clipper Realty has a 1-year low of $7.29 and a 1-year high of $10.41.

Clipper Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 26. Investors of record on Friday August 19 received a dividend of $0.095 per share. The ex-dividend date was Thursday, August 18. This represents a dividend of $0.38 on an annualized basis and a dividend yield of 4.72%. Clipper Realty’s dividend payout ratio (DPR) is currently -90.48%.

Company Profile Clipper Realty

(Get a rating)

Clipper Realty Inc (NYSE: CLPR) is a self-administered, self-managed real estate company that acquires, owns, manages, operates and repositions multi-family residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn.

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