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

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

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

• On Wednesday, September 9th, Sam Levinson purchased 110,710 shares of Clipper Realty stock. The stock was purchased at an average cost of $3.31 per share, with a total value of $366,450.10.
• On Wednesday, September 2nd, Sam Levinson acquired 5,387 shares of Clipper Realty stock. The stock was purchased at an average price of $3.25 per share, with a total value of $17,507.75.
• On Tuesday, September 1st, Sam Levinson acquired 934 shares of Clipper Realty stock. The shares were purchased at an average cost of $3.20 per share, for a total transaction of $2,988.80.
• On Monday, August 31st, Sam Levinson acquired 1,742 shares of Clipper Realty stock. The shares were purchased at an average cost of $3.25 per share, for a total transaction of $5,661.50.
• On Thursday, August 20th, Sam Levinson acquired 2,392 shares of Clipper Realty stock. The shares were purchased 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 purchased at an average price of $3.14 per share, with a total value 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 price of $3.15 per share, with a total value 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 cost of $3.29 per share, with a total value of $12,979.05.
• On Thursday, August 13th, Sam Levinson purchased 81,647 shares of Clipper Realty stock. The shares were acquired at an average price 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 price of $3.09 per share, for a total transaction of $213,741.48.

Clipper Realty Price Performance

Shares of Clipper Realty stock opened at $3.22 on Friday. The firm has a market capitalization of $52.04 million, a PE ratio of -3.46 and a beta of 0.99. The company’s fifty day moving average price is $3.05 and its two-hundred day moving average price is $3.11. Clipper Realty Inc. has a 52-week low of $2.69 and a 52-week high of $4.45.

Clipper Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Tuesday, August 18th were given a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 11.8%. The ex-dividend date of this dividend was Tuesday, August 18th. Clipper Realty’s dividend payout ratio is -40.86%.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Clipper Realty from a “hold” rating to a “sell” rating in a report on Sunday, May 31st.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp bought a new stake in shares of Clipper Realty in the 2nd quarter worth about $31,000. Virtu Financial LLC bought a new position in Clipper Realty during the 4th quarter valued at about $42,000. Russell Investments Group Ltd. boosted its position in Clipper Realty by 161.4% in the third 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 in the last quarter. Abel Hall LLC acquired a new position in Clipper Realty in the third quarter valued at about $52,000. Finally, Equitable Holdings Inc. bought a new stake in Clipper Realty during the second quarter worth about $58,000. 37.57% of the stock is owned by institutional investors.

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.