Clipper Realty (NYSE:CLPR) Director Sam Levinson Buys 69,172 Shares

Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson purchased 69,172 shares of the stock in a transaction dated Wednesday, August 12th. The shares were purchased at an average price of $3.09 per share, with a total value of $213,741.48. Following the completion of the transaction, the director owned 69,172 shares of the company’s stock, valued at approximately $213,741.48. This trade represents a ∞ increase in their ownership of the stock. The purchase 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 acquired 3,945 shares of Clipper Realty stock. The stock was purchased at an average cost of $3.29 per share, with a total value of $12,979.05.
• On Thursday, August 13th, Sam Levinson acquired 81,647 shares of Clipper Realty stock. The stock was purchased at an average price of $3.21 per share, for a total transaction of $262,086.87.

Clipper Realty Trading Up 1.3%

CLPR opened at $3.32 on Friday. The stock’s 50-day moving average price is $2.96 and its 200 day moving average price is $3.13. Clipper Realty Inc. has a 12-month low of $2.69 and a 12-month high of $4.61. The firm has a market cap of $53.66 million, a price-to-earnings ratio of -3.57 and a beta of 0.97.

Clipper Realty (NYSE:CLPR) last released its earnings results on Thursday, May 14th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.39). The business had revenue of $38.12 million during the quarter, compared to the consensus estimate of $39.60 million. On average, research analysts forecast that Clipper Realty Inc. will post 0.26 earnings per share for the current year.

Clipper Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Tuesday, August 18th will be given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 11.4%. The ex-dividend date of this dividend is Tuesday, August 18th. Clipper Realty’s dividend payout ratio is currently -40.86%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Clipper Realty in the second quarter valued at $412,000. BlackRock Inc. acquired a new stake in Clipper Realty in the 2nd quarter valued at about $297,000. Bank of New York Mellon Corp acquired a new stake in Clipper Realty in the 2nd quarter valued at about $31,000. GSA Capital Partners LLP purchased a new position in shares of Clipper Realty in the 2nd quarter valued at about $254,000. Finally, Virtu Financial LLC purchased a new position in shares of Clipper Realty in the 4th quarter valued at about $42,000. 37.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut 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, the stock currently 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.