Insider Buying: Clipper Realty (NYSE:CLPR) Director Acquires $15,642.32 in Stock

Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson acquired 4,769 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The shares were bought at an average price of $3.28 per share, for a total transaction of $15,642.32. Following the completion of the purchase, the director owned 383,783 shares in the company, valued at $1,258,808.24. This trade represents a 1.26% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, September 15th, Sam Levinson acquired 4,315 shares of Clipper Realty stock. The shares were bought at an average cost of $3.30 per share, for a total transaction of $14,239.50.
• On Wednesday, September 9th, Sam Levinson bought 110,710 shares of Clipper Realty stock. The stock was bought at an average price of $3.31 per share, with a total value of $366,450.10.
• On Tuesday, September 8th, Sam Levinson bought 6,842 shares of Clipper Realty stock. The shares were bought at an average cost of $3.24 per share, with a total value of $22,168.08.
• On Wednesday, September 2nd, Sam Levinson purchased 5,387 shares of Clipper Realty stock. The shares were bought at an average price of $3.25 per share, for a total transaction of $17,507.75.
• On Tuesday, September 1st, Sam Levinson purchased 934 shares of Clipper Realty stock. The shares were bought at an average price 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 stock was purchased 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 purchased at an average cost of $3.19 per share, with a total value of $7,630.48.
• On Wednesday, August 19th, Sam Levinson bought 9,260 shares of Clipper Realty stock. The shares were purchased 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 price 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, for a total transaction of $12,979.05.

Clipper Realty Price Performance

NYSE:CLPR traded up $0.08 during trading hours on Wednesday, hitting $3.43. The stock had a trading volume of 60,867 shares, compared to its average volume of 81,328. The company has a 50 day simple moving average of $3.07 and a two-hundred day simple moving average of $3.11. The firm has a market capitalization of $55.43 million, a price-to-earnings ratio of -3.69 and a beta of 0.99. Clipper Realty Inc. has a one year low of $2.69 and a one year high of $4.34.

Clipper Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Tuesday, August 18th were given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 11.1%. The ex-dividend date was Tuesday, August 18th. Clipper Realty’s payout ratio is presently -40.86%.

Hedge Funds Weigh In On Clipper Realty

A number of 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 during the 2nd quarter worth $31,000. Equitable Holdings Inc. bought a new position in Clipper Realty in the second quarter valued at $58,000. GSA Capital Partners LLP bought a new position in Clipper Realty in the second quarter valued at $254,000. BlackRock Inc. purchased a new stake in Clipper Realty during the second quarter valued at about $297,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Clipper Realty during the second quarter worth about $412,000. Institutional investors own 37.57% of the company’s stock.

Analyst Ratings Changes

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

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.