Clipper Realty (NYSE:CLPR) Director Sam Levinson Acquires 5,387 Shares of Stock

Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson purchased 5,387 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The stock was acquired at an average cost of $3.25 per share, with a total value of $17,507.75. Following the acquisition, the director owned 261,462 shares in the company, valued at $849,751.50. The trade was a 2.10% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Tuesday, September 1st, Sam Levinson acquired 934 shares of Clipper Realty stock. The shares were bought 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 bought 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 bought at an average price of $3.19 per share, for a total transaction of $7,630.48.
• On Wednesday, August 19th, Sam Levinson acquired 9,260 shares of Clipper Realty stock. The stock was bought at an average cost of $3.14 per share, with a total value 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 cost 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 bought at an average price of $3.29 per share, with a total value of $12,979.05.
• On Thursday, August 13th, Sam Levinson bought 81,647 shares of Clipper Realty stock. The shares were bought at an average cost of $3.21 per share, for a total transaction of $262,086.87.
• On Wednesday, August 12th, Sam Levinson bought 69,172 shares of Clipper Realty stock. The shares were bought at an average cost of $3.09 per share, for a total transaction of $213,741.48.

Clipper Realty Stock Performance

NYSE:CLPR opened at $3.27 on Thursday. The stock’s fifty day moving average is $2.99 and its 200 day moving average is $3.11. Clipper Realty Inc. has a fifty-two week low of $2.69 and a fifty-two week high of $4.52. The firm has a market capitalization of $52.76 million, a PE ratio of -3.51 and a beta of 0.99.

Clipper Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Tuesday, August 18th were issued a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 11.6%. The ex-dividend date was Tuesday, August 18th. Clipper Realty’s dividend payout ratio (DPR) is -40.86%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CLPR. Focus Partners Wealth purchased a new stake in Clipper Realty during the third quarter valued at approximately $335,000. Two Sigma Investments LP boosted its position in shares of Clipper Realty by 19.3% in the 3rd quarter. Two Sigma Investments LP now owns 86,968 shares of the company’s stock worth $330,000 after purchasing an additional 14,045 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Clipper Realty in the 1st quarter worth $193,000. AQR Capital Management LLC grew its stake in Clipper Realty by 12.3% during the 1st quarter. AQR Capital Management LLC now owns 22,698 shares of the company’s stock worth $87,000 after buying an additional 2,491 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Clipper Realty by 209.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 22,300 shares of the company’s stock valued at $85,000 after buying an additional 15,101 shares in the last quarter. Hedge funds and other institutional investors own 37.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Clipper Realty from a “hold” rating to a “sell” rating in a report on Sunday, May 31st. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Clipper Realty presently has a consensus 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.