Sam Levinson Buys 81,647 Shares of Clipper Realty (NYSE:CLPR) Stock

Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson bought 81,647 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were acquired at an average price of $3.21 per share, for a total transaction of $262,086.87. Following the transaction, the director directly owned 150,819 shares in the company, valued at approximately $484,128.99. This represents a 118.03% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Friday, August 14th, Sam Levinson purchased 3,945 shares of Clipper Realty stock. The stock was bought at an average cost of $3.29 per share, with a total value of $12,979.05.
• On Wednesday, August 12th, Sam Levinson purchased 69,172 shares of Clipper Realty stock. The stock was bought at an average cost of $3.09 per share, with a total value of $213,741.48.

Clipper Realty Stock Performance

NYSE:CLPR opened at $3.32 on Friday. The company has a fifty day moving average of $2.96 and a two-hundred day moving average of $3.13. The stock has a market capitalization of $53.67 million, a PE ratio of -3.57 and a beta of 0.97. Clipper Realty Inc. has a fifty-two week low of $2.69 and a fifty-two week high of $4.61.

Clipper Realty (NYSE:CLPR) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.39). The business had revenue of $38.12 million for the quarter, compared to analyst estimates of $39.60 million. Research analysts forecast that Clipper Realty Inc. will post 0.26 earnings per share for the current year.

Clipper Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Tuesday, August 18th will be paid a $0.095 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $0.38 dividend on an annualized basis and a yield of 11.4%. Clipper Realty’s dividend payout ratio (DPR) is currently -40.86%.

Institutional Investors Weigh In On Clipper Realty

Several institutional investors and hedge funds have recently added to or reduced their stakes in CLPR. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Clipper Realty in the second quarter valued at about $412,000. BlackRock Inc. purchased a new position in shares of Clipper Realty in the second quarter worth about $297,000. GSA Capital Partners LLP acquired a new position in Clipper Realty during the second quarter worth about $254,000. Focus Partners Wealth acquired a new position in Clipper Realty during the third quarter worth about $335,000. Finally, ANTIPODES PARTNERS Ltd acquired a new position in Clipper Realty during the fourth quarter worth about $202,000. Institutional investors and hedge funds own 37.57% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Clipper Realty from a “hold” rating to a “sell” rating in a research note on Sunday, May 31st. One equities research analyst has rated the stock with a Hold rating, Based on 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.