Clipper Realty (NYSE:CLPR) Director Purchases $22,168.08 in Stock

Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson bought 6,842 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was bought at an average price of $3.24 per share, with a total value of $22,168.08. Following the completion of the purchase, the director directly owned 268,304 shares in the company, valued at $869,304.96. This represents a 2.62% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, September 9th, Sam Levinson purchased 110,710 shares of Clipper Realty stock. The shares were bought at an average price of $3.31 per share, for a total transaction of $366,450.10.
• On Wednesday, September 2nd, Sam Levinson purchased 5,387 shares of Clipper Realty stock. The stock was 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 stock was bought at an average cost of $3.20 per share, with a total value of $2,988.80.
• On Monday, August 31st, Sam Levinson acquired 1,742 shares of Clipper Realty stock. The shares were bought at an average price of $3.25 per share, with a total value of $5,661.50.
• On Thursday, August 20th, Sam Levinson acquired 2,392 shares of Clipper Realty stock. The shares were bought at an average cost of $3.19 per share, for a total transaction of $7,630.48.
• On Wednesday, August 19th, Sam Levinson acquired 9,260 shares of Clipper Realty stock. The shares were bought at an average cost of $3.14 per share, for a total transaction of $29,076.40.
• On Tuesday, August 18th, Sam Levinson bought 86,983 shares of Clipper Realty stock. The stock was purchased at an average cost of $3.15 per share, for a total transaction of $273,996.45.
• On Friday, August 14th, Sam Levinson bought 3,945 shares of Clipper Realty stock. The stock was purchased at an average price 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 purchased at an average price of $3.21 per share, with a total value of $262,086.87.
• On Wednesday, August 12th, Sam Levinson purchased 69,172 shares of Clipper Realty stock. The shares were 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 traded down $0.01 during trading hours on Thursday, hitting $3.38. 130,147 shares of the stock traded hands, compared to its average volume of 82,193. The firm’s 50 day moving average price is $3.04 and its 200-day moving average price is $3.11. The stock has a market capitalization of $54.54 million, a price-to-earnings ratio of -3.63 and a beta of 0.99. Clipper Realty Inc. has a 1 year low of $2.69 and a 1 year high of $4.46.

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 dividend of $0.095 per share. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 11.3%. Clipper Realty’s payout ratio is -40.86%.

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.

Institutional Inflows and Outflows

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