Sam Levinson Acquires 9,260 Shares of Clipper Realty (NYSE:CLPR) Stock

Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson purchased 9,260 shares of Clipper Realty stock in a transaction on Wednesday, August 19th. The shares were acquired at an average cost of $3.14 per share, with a total value of $29,076.40. Following the completion of the transaction, the director directly owned 251,007 shares in the company, valued at $788,161.98. The trade was a 3.83% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, August 20th, Sam Levinson acquired 2,392 shares of Clipper Realty stock. The stock was acquired at an average cost of $3.19 per share, for a total transaction of $7,630.48.
• On Tuesday, August 18th, Sam Levinson acquired 86,983 shares of Clipper Realty stock. The stock was acquired at an average cost of $3.15 per share, for a total transaction of $273,996.45.
• On Friday, August 14th, Sam Levinson acquired 3,945 shares of Clipper Realty stock. The stock was acquired at an average price of $3.29 per share, for a total transaction of $12,979.05.
• On Thursday, August 13th, Sam Levinson bought 81,647 shares of Clipper Realty stock. The shares were acquired at an average cost 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 shares were acquired at an average cost of $3.09 per share, with a total value of $213,741.48.

Clipper Realty Stock Up 1.5%

Shares of CLPR opened at $3.28 on Friday. Clipper Realty Inc. has a 52 week low of $2.69 and a 52 week high of $4.61. The stock’s 50-day moving average price is $2.96 and its 200-day moving average price is $3.12. The company has a market capitalization of $53.00 million, a price-to-earnings ratio of -3.53 and a beta of 0.97.

Clipper Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Tuesday, August 18th will be paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 11.6%. The ex-dividend date is Tuesday, August 18th. Clipper Realty’s payout ratio is -40.86%.

Institutional Investors Weigh In On Clipper Realty

Hedge funds have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Clipper Realty in the second quarter worth about $412,000. BlackRock Inc. purchased a new stake in Clipper Realty during the 2nd quarter valued at about $297,000. GSA Capital Partners LLP purchased a new stake in Clipper Realty during the 2nd quarter valued at about $254,000. Focus Partners Wealth acquired a new stake in Clipper Realty in the 3rd quarter valued at about $335,000. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in Clipper Realty in the 4th quarter valued at about $202,000. 37.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded 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 data from MarketBeat.com, the company presently has an average 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.