Sam Levinson Buys 110,710 Shares of Clipper Realty (NYSE:CLPR) Stock

Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson acquired 110,710 shares of the stock in a transaction that occurred on Wednesday, September 9th. The stock was purchased at an average price of $3.31 per share, for a total transaction of $366,450.10. Following the completion of the acquisition, the director owned 379,014 shares in the company, valued at $1,254,536.34. The trade was a 41.26% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, September 8th, Sam Levinson acquired 6,842 shares of Clipper Realty stock. The shares were purchased at an average price of $3.24 per share, with a total value of $22,168.08.
• On Wednesday, September 2nd, Sam Levinson bought 5,387 shares of Clipper Realty stock. The shares were purchased at an average cost of $3.25 per share, with a total value of $17,507.75.
• On Tuesday, September 1st, Sam Levinson bought 934 shares of Clipper Realty stock. The stock was purchased at an average price of $3.20 per share, for a total transaction of $2,988.80.
• On Monday, August 31st, Sam Levinson purchased 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 purchased 2,392 shares of Clipper Realty stock. The shares were purchased at an average price of $3.19 per share, with a total value of $7,630.48.
• On Wednesday, August 19th, Sam Levinson acquired 9,260 shares of Clipper Realty stock. The stock was purchased 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 purchased at an average price of $3.15 per share, for a total transaction of $273,996.45.
• On Friday, August 14th, Sam Levinson acquired 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.
• On Thursday, August 13th, Sam Levinson bought 81,647 shares of Clipper Realty stock. The shares were acquired 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 acquired at an average cost of $3.09 per share, with a total value of $213,741.48.

Clipper Realty Stock Down 5.0%

Shares of NYSE CLPR opened at $3.22 on Friday. The firm has a 50-day simple moving average of $3.05 and a 200-day simple moving average of $3.11. The stock has a market capitalization of $52.04 million, a price-to-earnings ratio of -3.46 and a beta of 0.99. Clipper Realty Inc. has a 52 week low of $2.69 and a 52 week high of $4.45.

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 paid a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 11.8%. The ex-dividend date of this dividend was Tuesday, August 18th. Clipper Realty’s dividend payout ratio (DPR) is -40.86%.

Institutional Investors Weigh In On Clipper Realty

A number of hedge funds have recently modified their holdings of CLPR. Bank of New York Mellon Corp acquired a new stake in Clipper Realty during the second quarter worth about $31,000. Virtu Financial LLC purchased a new position in Clipper Realty during the fourth quarter worth about $42,000. Russell Investments Group Ltd. boosted its holdings in Clipper Realty by 161.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 12,673 shares of the company’s stock valued at $48,000 after purchasing an additional 7,824 shares during the last quarter. Abel Hall LLC purchased a new stake in shares of Clipper Realty in the 3rd quarter valued at approximately $52,000. Finally, Equitable Holdings Inc. purchased a new stake in shares of Clipper Realty in the 2nd quarter valued at approximately $58,000. Hedge funds and other institutional investors own 37.57% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered 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.