Clipper Realty (NYSE:CLPR) Director Sam Levinson Buys 4,315 Shares

Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson purchased 4,315 shares of Clipper Realty stock in a transaction dated Tuesday, September 15th. The stock was bought at an average price of $3.30 per share, with a total value of $14,239.50. Following the completion of the purchase, the director directly owned 388,098 shares of the company’s stock, valued at approximately $1,280,723.40. This trade represents a 1.12% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, September 14th, Sam Levinson bought 4,769 shares of Clipper Realty stock. The shares were acquired at an average cost of $3.28 per share, with a total value of $15,642.32.
• On Wednesday, September 9th, Sam Levinson purchased 110,710 shares of Clipper Realty stock. The stock was acquired at an average price of $3.31 per share, for a total transaction of $366,450.10.
• On Tuesday, September 8th, Sam Levinson purchased 6,842 shares of Clipper Realty stock. The stock was acquired at an average price of $3.24 per share, for a total transaction of $22,168.08.
• On Wednesday, September 2nd, Sam Levinson acquired 5,387 shares of Clipper Realty stock. The shares were acquired at an average cost of $3.25 per share, with a total value of $17,507.75.
• On Tuesday, September 1st, Sam Levinson acquired 934 shares of Clipper Realty stock. The stock was bought at an average price of $3.20 per share, with a total value of $2,988.80.
• On Monday, August 31st, Sam Levinson bought 1,742 shares of Clipper Realty stock. The stock was bought at an average cost of $3.25 per share, for a total transaction of $5,661.50.
• On Thursday, August 20th, Sam Levinson bought 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 bought 9,260 shares of Clipper Realty stock. The shares were bought at an average price of $3.14 per share, for a total transaction of $29,076.40.
• On Tuesday, August 18th, Sam Levinson purchased 86,983 shares of Clipper Realty stock. The shares were bought at an average cost of $3.15 per share, with a total value of $273,996.45.
• On Friday, August 14th, Sam Levinson purchased 3,945 shares of Clipper Realty stock. The stock was bought at an average price of $3.29 per share, with a total value of $12,979.05.

Clipper Realty Stock Up 2.4%

Shares of CLPR opened at $3.43 on Thursday. The business has a 50-day simple moving average of $3.09 and a two-hundred day simple moving average of $3.11. Clipper Realty Inc. has a 52 week low of $2.69 and a 52 week high of $4.34. The stock has a market cap of $55.43 million, a price-to-earnings ratio of -3.69 and a beta of 0.99.

Clipper Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Tuesday, August 18th were issued a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 11.1%. The ex-dividend date of this dividend was Tuesday, August 18th. Clipper Realty’s dividend payout ratio is currently -40.86%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Equitable Holdings Inc. bought a new stake in Clipper Realty during the second quarter valued at about $58,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Clipper Realty in the second quarter valued at about $412,000. BlackRock Inc. bought a new position in shares of Clipper Realty in the second quarter worth about $297,000. Bank of New York Mellon Corp bought a new position in shares of Clipper Realty in the second quarter worth about $31,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Clipper Realty during the second quarter worth about $254,000. Institutional investors own 37.57% of the company’s stock.

Analyst Ratings Changes

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

Clipper Realty Company Profile

Clipper Realty Inc (NYSE: CLPR) is a self-administered and self-managed real estate investment trust focused on owning, operating, and selectively acquiring multifamily residential properties in New York City. The company’s business is centered on generating rental income from apartment communities and managing the properties in its portfolio.

Clipper Realty’s portfolio has historically included residential properties in Manhattan and Brooklyn, including large apartment communities and multifamily buildings in established New York City neighborhoods.