Sam Levinson Purchases 86,983 Shares of Clipper Realty (NYSE:CLPR) Stock

Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson bought 86,983 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was purchased at an average cost of $3.15 per share, for a total transaction of $273,996.45. Following the completion of the acquisition, the director owned 241,747 shares in the company, valued at approximately $761,503.05. This trade represents a 56.20% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, August 20th, Sam Levinson purchased 2,392 shares of Clipper Realty stock. The stock was acquired at an average price 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 stock was acquired at an average price of $3.14 per share, for a total transaction of $29,076.40.
• On Friday, August 14th, Sam Levinson purchased 3,945 shares of Clipper Realty stock. The shares were bought at an average cost of $3.29 per share, for a total transaction of $12,979.05.
• On Thursday, August 13th, Sam Levinson purchased 81,647 shares of Clipper Realty stock. The shares were bought at an average price 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 purchased at an average cost of $3.09 per share, with a total value of $213,741.48.

Clipper Realty Price Performance

Clipper Realty stock opened at $3.28 on Friday. The business has a 50 day moving average of $2.96 and a 200-day moving average of $3.12. Clipper Realty Inc. has a 1 year low of $2.69 and a 1 year high of $4.61. The company has a market capitalization of $53.00 million, a P/E ratio of -3.53 and a beta of 0.97.

Clipper Realty Dividend Announcement

The company 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 dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 11.6%. The ex-dividend date of this dividend is Tuesday, August 18th. Clipper Realty’s dividend payout ratio is -40.86%.

Institutional Trading of Clipper Realty

Several institutional investors and hedge funds have recently made changes to their positions in CLPR. Bank of New York Mellon Corp purchased a new position in Clipper Realty during the second quarter worth about $31,000. Virtu Financial LLC bought a new stake in Clipper Realty in the 4th quarter worth about $42,000. Russell Investments Group Ltd. increased its stake in Clipper Realty by 161.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 12,673 shares of the company’s stock valued at $48,000 after buying an additional 7,824 shares during the last quarter. Abel Hall LLC purchased a new stake in Clipper Realty in the 3rd quarter valued at about $52,000. Finally, Equitable Holdings Inc. bought a new position in shares of Clipper Realty during the 2nd quarter worth approximately $58,000. Hedge funds and other institutional investors own 37.57% of the company’s stock.

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. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Clipper Realty Company Profile

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.