Clipper Realty (NYSE:CLPR) Director Buys $366,450.10 in Stock

Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson acquired 110,710 shares of the company’s stock in a transaction on Wednesday, September 9th. The shares were acquired at an average price of $3.31 per share, for a total transaction of $366,450.10. Following the completion of the acquisition, the director directly owned 379,014 shares in the company, valued at $1,254,536.34. The trade was a 41.26% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Sam Levinson also recently made the following trade(s):

• On Tuesday, September 8th, Sam Levinson bought 6,842 shares of Clipper Realty stock. The shares were acquired at an average price of $3.24 per share, with a total value of $22,168.08.
• On Wednesday, September 2nd, Sam Levinson purchased 5,387 shares of Clipper Realty stock. The shares were bought at an average cost of $3.25 per share, with a total value of $17,507.75.
• On Tuesday, September 1st, Sam Levinson purchased 934 shares of Clipper Realty stock. The shares were bought at an average cost of $3.20 per share, with a total value of $2,988.80.
• On Monday, August 31st, Sam Levinson purchased 1,742 shares of Clipper Realty stock. The stock was bought at an average price of $3.25 per share, with a total value of $5,661.50.
• On Thursday, August 20th, Sam Levinson purchased 2,392 shares of Clipper Realty stock. The stock was bought at an average cost of $3.19 per share, for a total transaction of $7,630.48.
• On Wednesday, August 19th, Sam Levinson purchased 9,260 shares of Clipper Realty stock. The stock was bought at an average cost of $3.14 per share, for a total transaction of $29,076.40.
• On Tuesday, August 18th, Sam Levinson acquired 86,983 shares of Clipper Realty stock. The shares were bought at an average price of $3.15 per share, for a total transaction of $273,996.45.
• On Friday, August 14th, Sam Levinson acquired 3,945 shares of Clipper Realty stock. The shares were bought at an average cost of $3.29 per share, with a total value of $12,979.05.
• On Thursday, August 13th, Sam Levinson bought 81,647 shares of Clipper Realty stock. The stock was bought at an average cost of $3.21 per share, with a total value of $262,086.87.
• On Wednesday, August 12th, Sam Levinson bought 69,172 shares of Clipper Realty stock. The stock was bought at an average price of $3.09 per share, for a total transaction of $213,741.48.

Clipper Realty Stock Performance

Shares of Clipper Realty stock traded down $0.01 during trading on Thursday, reaching $3.38. The company had a trading volume of 130,147 shares, compared to its average volume of 82,193. Clipper Realty Inc. has a fifty-two week low of $2.69 and a fifty-two week high of $4.46. The firm’s fifty day moving average is $3.04 and its 200-day moving average is $3.11. The company has a market cap of $54.54 million, a price-to-earnings ratio of -3.63 and a beta of 0.99.

Clipper Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Tuesday, August 18th were paid a dividend of $0.095 per share. The ex-dividend date was Tuesday, August 18th. This represents a $0.38 annualized dividend and a yield of 11.3%. Clipper Realty’s dividend payout ratio is presently -40.86%.

Institutional Trading of Clipper Realty

Institutional investors and hedge funds have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Clipper Realty in the 2nd quarter valued at about $412,000. BlackRock Inc. bought a new stake in shares of Clipper Realty during the 2nd quarter valued at about $297,000. GSA Capital Partners LLP acquired a new stake in Clipper Realty during the second quarter worth about $254,000. Focus Partners Wealth acquired a new stake in Clipper Realty during the third quarter worth about $335,000. Finally, ANTIPODES PARTNERS Ltd bought a new position in Clipper Realty in the fourth quarter worth about $202,000. 37.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Clipper Realty from a “hold” rating to a “sell” rating in a research report on Sunday, May 31st.

About Clipper Realty

Clipper Realty Inc is a publicly traded real estate investment trust that acquires, owns and manages multifamily residential and mixed‐use properties in the Greater New York metropolitan area. Since its initial public offering in early 2017, the company has focused on strategically sourcing apartment buildings and retail space in Manhattan and Brooklyn, with an emphasis on value‐add opportunities that can benefit from in‐house leasing, renovation and operational efficiencies.

The company’s primary activities include property acquisition, selective repositioning and asset management.