Insider Buying: Clipper Realty (NYSE:CLPR) Director Acquires $366,450.10 in Stock

Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson purchased 110,710 shares of the stock in a transaction dated Wednesday, September 9th. The shares were acquired at an average price of $3.31 per share, with a total value of $366,450.10. Following the completion of the acquisition, the director owned 379,014 shares in the company, valued at approximately $1,254,536.34. This trade represents a 41.26% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, September 8th, Sam Levinson acquired 6,842 shares of Clipper Realty stock. The stock was bought at an average price of $3.24 per share, for a total transaction of $22,168.08.
• On Wednesday, September 2nd, Sam Levinson bought 5,387 shares of Clipper Realty stock. The stock was bought at an average cost of $3.25 per share, for a total transaction of $17,507.75.
• On Tuesday, September 1st, Sam Levinson bought 934 shares of Clipper Realty stock. The shares were bought at an average cost of $3.20 per share, with a total value of $2,988.80.
• On Monday, August 31st, Sam Levinson bought 1,742 shares of Clipper Realty stock. The shares were bought at an average cost of $3.25 per share, with a total value of $5,661.50.
• On Thursday, August 20th, Sam Levinson purchased 2,392 shares of Clipper Realty stock. The shares were bought at an average price of $3.19 per share, with a total value of $7,630.48.
• On Wednesday, August 19th, Sam Levinson purchased 9,260 shares of Clipper Realty stock. The stock was bought at an average cost of $3.14 per share, for a total transaction of $29,076.40.
• On Tuesday, August 18th, Sam Levinson acquired 86,983 shares of Clipper Realty stock. The stock was bought at an average price 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 bought at an average price of $3.29 per share, for a total transaction of $12,979.05.
• On Thursday, August 13th, Sam Levinson acquired 81,647 shares of Clipper Realty stock. The shares were bought 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 stock was bought at an average price of $3.09 per share, with a total value of $213,741.48.

Clipper Realty Stock Down 5.0%

Shares of NYSE CLPR opened at $3.22 on Friday. The firm has a market cap of $52.04 million, a price-to-earnings ratio of -3.46 and a beta of 0.99. Clipper Realty Inc. has a 52-week low of $2.69 and a 52-week high of $4.45. The business’s 50 day moving average is $3.05 and its two-hundred day moving average is $3.11.

Clipper Realty Announces Dividend

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

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Clipper Realty

A number of hedge funds have recently added to or reduced their stakes in CLPR. Wells Fargo & Company MN boosted its position in Clipper Realty by 48.0% in the 4th quarter. Wells Fargo & Company MN now owns 15,485 shares of the company’s stock valued at $59,000 after buying an additional 5,023 shares during the period. Deutsche Bank AG purchased a new stake in shares of Clipper Realty during the fourth quarter worth $63,000. Abel Hall LLC purchased a new stake in shares of Clipper Realty during the third quarter worth $52,000. Russell Investments Group Ltd. increased its position in shares of Clipper Realty by 161.4% during the third quarter. Russell Investments Group Ltd. now owns 12,673 shares of the company’s stock worth $48,000 after acquiring an additional 7,824 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Clipper Realty by 209.8% in the third quarter. JPMorgan Chase & Co. now owns 22,300 shares of the company’s stock valued at $85,000 after acquiring an additional 15,101 shares in the last quarter. 37.57% of the stock is currently owned by institutional investors and hedge funds.

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.