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

Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson purchased 9,260 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was acquired at an average price of $3.14 per share, with a total value of $29,076.40. Following the purchase, the director owned 251,007 shares in the company, valued at $788,161.98. This represents a 3.83% increase in their ownership of the stock. The acquisition 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 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 bought 86,983 shares of Clipper Realty stock. The shares were acquired at an average cost of $3.15 per share, with a total value of $273,996.45.
• 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, 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 price 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, for a total transaction of $213,741.48.

Clipper Realty Trading Up 2.2%

Shares of Clipper Realty stock opened at $3.23 on Friday. The firm’s 50-day moving average price is $2.96 and its 200 day moving average price is $3.12. The firm has a market capitalization of $52.19 million, a PE ratio of -3.47 and a beta of 0.97. Clipper Realty Inc. has a twelve month low of $2.69 and a twelve month high of $4.61.

Clipper Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Tuesday, August 18th will be issued a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 11.8%. The ex-dividend date is Tuesday, August 18th. Clipper Realty’s dividend payout ratio is presently -40.86%.

Institutional Trading of Clipper Realty

A number of large investors have recently modified their holdings of CLPR. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Clipper Realty during the 2nd quarter worth $412,000. BlackRock Inc. acquired a new stake in Clipper Realty in the second quarter valued at approximately $297,000. GSA Capital Partners LLP purchased a new position in Clipper Realty in the second quarter worth approximately $254,000. Focus Partners Wealth purchased a new position in Clipper Realty in the third quarter worth approximately $335,000. Finally, ANTIPODES PARTNERS Ltd acquired a new position in Clipper Realty during the 4th quarter worth approximately $202,000. Hedge funds and other institutional investors own 37.57% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Clipper Realty from a “hold” rating to a “sell” rating in a research report on Sunday, May 31st. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Clipper Realty currently has an average rating of “Hold”.

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.