Sam Levinson Purchases 2,793 Shares of Clipper Realty (NYSE:CLPR) Stock

Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson acquired 2,793 shares of Clipper Realty stock in a transaction on Wednesday, December 31st. The shares were bought at an average cost of $3.79 per share, for a total transaction of $10,585.47. Following the completion of the purchase, the director directly owned 82,203 shares of the company’s stock, valued at $311,549.37. The trade was a 3.52% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, December 30th, Sam Levinson acquired 19,558 shares of Clipper Realty stock. The shares were bought at an average price of $3.70 per share, for a total transaction of $72,364.60.
• On Monday, December 29th, Sam Levinson acquired 33,494 shares of Clipper Realty stock. The stock was bought at an average cost of $3.71 per share, with a total value of $124,262.74.
• On Monday, December 29th, Sam Levinson bought 2,418 shares of Clipper Realty stock. The shares were bought at an average cost of $3.71 per share, for a total transaction of $8,970.78.

Clipper Realty Trading Up 1.1%

NYSE:CLPR traded up $0.04 during midday trading on Wednesday, hitting $3.83. 104,929 shares of the company traded hands, compared to its average volume of 95,694. The firm’s fifty day moving average is $3.66 and its 200-day moving average is $3.86. Clipper Realty Inc. has a 12-month low of $3.31 and a 12-month high of $5.16. The firm has a market capitalization of $61.84 million, a P/E ratio of -3.42 and a beta of 1.01.

Clipper Realty (NYSE:CLPR) last posted its quarterly earnings data on Thursday, November 13th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03. The firm had revenue of $37.70 million for the quarter, compared to analysts’ expectations of $37.90 million. On average, research analysts expect that Clipper Realty Inc. will post 0.39 EPS for the current fiscal year.

Clipper Realty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Wednesday, November 26th were paid a dividend of $0.095 per share. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 9.9%. Clipper Realty’s payout ratio is currently -33.93%.

Institutional Trading of Clipper Realty

Several large investors have recently added to or reduced their stakes in CLPR. Penserra Capital Management LLC purchased a new stake in Clipper Realty in the second quarter valued at approximately $955,000. Russell Investments Group Ltd. lifted its stake in Clipper Realty by 35.5% during the 1st quarter. Russell Investments Group Ltd. now owns 11,194 shares of the company’s stock valued at $43,000 after acquiring an additional 2,930 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Clipper Realty by 28.1% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 127,137 shares of the company’s stock valued at $467,000 after acquiring an additional 27,908 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Clipper Realty by 25.4% in the first quarter. Goldman Sachs Group Inc. now owns 97,027 shares of the company’s stock worth $373,000 after acquiring an additional 19,640 shares during the period. Finally, Ritholtz Wealth Management raised its holdings in shares of Clipper Realty by 21.6% during the second quarter. Ritholtz Wealth Management now owns 81,118 shares of the company’s stock worth $298,000 after purchasing an additional 14,387 shares during the last quarter. Hedge funds and other institutional investors own 37.57% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of Clipper Realty from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 9th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

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.