Clipper Realty (NYSE:CLPR) Stock Price Breaks Above 200-Day Moving Average – Time to Sell?

Shares of Clipper Realty Inc. (NYSE:CLPR) passed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $3.19 and traded as high as $3.27. Clipper Realty shares last traded at $3.2240, with a volume of 18,732 shares traded.

Clipper Realty Price Performance

The firm has a market capitalization of $52.10 million, a P/E ratio of -3.47 and a beta of 1.00. The firm has a 50-day moving average price of $3.24 and a two-hundred day moving average price of $3.19.

Clipper Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Tuesday, August 18th were issued a $0.0950 dividend. The ex-dividend date was Tuesday, August 18th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 11.8%. Clipper Realty’s dividend payout ratio is presently -40.86%.

Insider Activity

In related news, COO Jacob Bistricer acquired 73,500 shares of the stock in a transaction on Monday, September 28th. The stock was bought at an average cost of $3.35 per share, with a total value of $246,225.00. Following the transaction, the chief operating officer directly owned 73,500 shares in the company, valued at approximately $246,225. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Sam Levinson acquired 110,710 shares of the stock in a transaction on Wednesday, September 9th. The stock was bought at an average cost of $3.31 per share, with a total value of $366,450.10. Following the completion of the transaction, the director owned 379,014 shares in the company, valued at $1,254,536.34. This trade represents a 41.26% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 484,521 shares of company stock worth $1,567,874 in the last ninety days. 54.59% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Clipper Realty

A number of institutional investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Clipper Realty in the second quarter valued at approximately $412,000. BlackRock Inc. bought a new position in Clipper Realty in the second quarter worth approximately $297,000. GSA Capital Partners LLP bought a new position in Clipper Realty in the second quarter worth approximately $254,000. Equitable Holdings Inc. purchased a new position in Clipper Realty during the 2nd quarter worth $58,000. Finally, Bank of New York Mellon Corp purchased a new position in Clipper Realty during the 2nd quarter worth $31,000. 37.57% of the stock is owned by hedge funds and other institutional investors.

Clipper Realty Company Profile

Clipper Realty Inc is a self-administered and self-managed real estate investment trust that owns, operates and develops multifamily residential properties in New York City. The company focuses primarily on apartment communities in Manhattan and Brooklyn, serving residents through rental housing and related property-management services.

Clipper Realty’s business includes acquiring well-located residential properties, managing day-to-day operations, maintaining buildings and apartments, and pursuing renovations or other improvements intended to enhance its properties.