Clipper Realty (NYSE:CLPR) Director Sam Levinson Buys 3,945 Shares

Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson purchased 3,945 shares of Clipper Realty stock in a transaction that occurred on Friday, August 14th. The shares were acquired at an average price of $3.29 per share, with a total value of $12,979.05. Following the acquisition, the director directly owned 154,764 shares of the company’s stock, valued at $509,173.56. This trade represents a 2.62% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, August 13th, Sam Levinson purchased 81,647 shares of Clipper Realty stock. The shares were acquired at an average cost of $3.21 per share, for a total transaction of $262,086.87.
• On Wednesday, August 12th, Sam Levinson purchased 69,172 shares of Clipper Realty stock. The shares were acquired at an average cost of $3.09 per share, for a total transaction of $213,741.48.

Clipper Realty Stock Up 1.3%

NYSE:CLPR opened at $3.32 on Friday. Clipper Realty Inc. has a 12-month low of $2.69 and a 12-month high of $4.61. The firm has a market capitalization of $53.66 million, a price-to-earnings ratio of -3.57 and a beta of 0.97. The stock’s 50 day moving average price is $2.96 and its two-hundred day moving average price is $3.13.

Clipper Realty (NYSE:CLPR) last issued its earnings results on Thursday, May 14th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.39). The firm had revenue of $38.12 million during the quarter, compared to the consensus estimate of $39.60 million. Equities research analysts expect that Clipper Realty Inc. will post 0.26 EPS for the current year.

Clipper Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Tuesday, August 18th will be paid a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 11.4%. The ex-dividend date is Tuesday, August 18th. Clipper Realty’s dividend payout ratio is -40.86%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Clipper Realty from a “hold” rating to a “sell” rating in a report on Sunday, May 31st. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CLPR. Bank of New York Mellon Corp acquired a new stake in shares of Clipper Realty during the second quarter worth $31,000. Virtu Financial LLC bought a new position in Clipper Realty during the fourth quarter worth about $42,000. Russell Investments Group Ltd. increased its position in Clipper Realty by 161.4% during the third quarter. Russell Investments Group Ltd. now owns 12,673 shares of the company’s stock worth $48,000 after acquiring an additional 7,824 shares during the period. Abel Hall LLC acquired a new stake in Clipper Realty in the 3rd quarter worth about $52,000. Finally, Wells Fargo & Company MN raised its stake in Clipper Realty by 48.0% in the 4th quarter. Wells Fargo & Company MN now owns 15,485 shares of the company’s stock worth $59,000 after purchasing an additional 5,023 shares in the last quarter. Institutional investors own 37.57% of the company’s stock.

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.