Sam Levinson Acquires 4,769 Shares of Clipper Realty (NYSE:CLPR) Stock

Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson acquired 4,769 shares of the stock in a transaction on Monday, September 14th. The stock was bought at an average cost of $3.28 per share, with a total value of $15,642.32. Following the completion of the transaction, the director owned 383,783 shares in the company, valued at $1,258,808.24. This trade represents a 1.26% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, September 15th, Sam Levinson bought 4,315 shares of Clipper Realty stock. The stock was bought at an average price 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 shares were bought at an average cost of $3.31 per share, for a total transaction of $366,450.10.
• On Tuesday, September 8th, Sam Levinson purchased 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 stock was purchased at an average price of $3.25 per share, with a total value of $17,507.75.
• On Tuesday, September 1st, Sam Levinson purchased 934 shares of Clipper Realty stock. The stock was purchased at an average price of $3.20 per share, with a total value 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 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 purchased at an average price of $3.19 per share, for a total transaction 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, with a total value 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, 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 purchased at an average price of $3.29 per share, with a total value of $12,979.05.

Clipper Realty Stock Performance

CLPR opened at $3.42 on Friday. The company has a market capitalization of $55.27 million, a price-to-earnings ratio of -3.68 and a beta of 0.99. Clipper Realty Inc. has a 12-month low of $2.69 and a 12-month high of $4.34. The business’s fifty day simple moving average is $3.10 and its 200-day simple moving average is $3.11.

Clipper Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Tuesday, August 18th were issued 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 dividend payout ratio is presently -40.86%.

Wall Street Analyst Weigh In

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.

Institutional Trading of Clipper Realty

A number of institutional investors have recently modified their holdings of CLPR. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Clipper Realty in the 2nd quarter worth approximately $412,000. BlackRock Inc. acquired a new stake in Clipper Realty in the second quarter valued at approximately $297,000. Bank of New York Mellon Corp acquired a new stake in Clipper Realty in the second quarter valued at approximately $31,000. Equitable Holdings Inc. purchased a new position in Clipper Realty in the second quarter worth $58,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Clipper Realty during the second quarter worth $254,000. 37.57% of the stock is currently owned by institutional investors.

Clipper Realty Company Profile

Clipper Realty Inc (NYSE: CLPR) is a self-administered and self-managed real estate investment trust focused on owning, operating, and selectively acquiring multifamily residential properties in New York City. The company’s business is centered on generating rental income from apartment communities and managing the properties in its portfolio.

Clipper Realty’s portfolio has historically included residential properties in Manhattan and Brooklyn, including large apartment communities and multifamily buildings in established New York City neighborhoods.