Clipper Realty (NYSE:CLPR) Director Sam Levinson Buys 6,842 Shares of Stock

Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson bought 6,842 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was bought at an average cost of $3.24 per share, for a total transaction of $22,168.08. Following the completion of the purchase, the director owned 268,304 shares of the company’s stock, valued at approximately $869,304.96. The trade was a 2.62% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Wednesday, September 9th, Sam Levinson purchased 110,710 shares of Clipper Realty stock. The stock was bought at an average cost of $3.31 per share, with a total value of $366,450.10.
• On Wednesday, September 2nd, Sam Levinson purchased 5,387 shares of Clipper Realty stock. The stock was bought at an average cost 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 shares were purchased at an average cost of $3.20 per share, with a total value of $2,988.80.
• On Monday, August 31st, Sam Levinson purchased 1,742 shares of Clipper Realty stock. The stock was acquired at an average price of $3.25 per share, with a total value of $5,661.50.
• On Thursday, August 20th, Sam Levinson bought 2,392 shares of Clipper Realty stock. The stock was purchased at an average cost 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 stock was purchased at an average cost of $3.14 per share, for a total transaction of $29,076.40.
• On Tuesday, August 18th, Sam Levinson purchased 86,983 shares of Clipper Realty stock. The shares were purchased at an average price 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 shares were acquired at an average cost of $3.29 per share, with a total value of $12,979.05.
• On Thursday, August 13th, Sam Levinson purchased 81,647 shares of Clipper Realty stock. The shares were acquired at an average cost 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 shares were acquired at an average cost of $3.09 per share, with a total value of $213,741.48.

Clipper Realty Trading Down 0.1%

CLPR opened at $3.38 on Friday. The firm’s 50 day simple moving average is $3.05 and its two-hundred day simple moving average is $3.11. The company has a market capitalization of $54.54 million, a PE ratio of -3.63 and a beta of 0.99. Clipper Realty Inc. has a 1-year low of $2.69 and a 1-year high of $4.46.

Clipper Realty Dividend Announcement

The business also recently declared 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 11.3%. The ex-dividend date of this dividend was Tuesday, August 18th. Clipper Realty’s payout ratio is currently -40.86%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in Clipper Realty in the 2nd quarter worth approximately $412,000. BlackRock Inc. bought a new stake in shares of Clipper Realty during the second quarter valued at approximately $297,000. GSA Capital Partners LLP purchased a new position in shares of Clipper Realty in the second quarter worth $254,000. Focus Partners Wealth purchased a new position in shares of Clipper Realty in the third quarter worth $335,000. Finally, ANTIPODES PARTNERS Ltd purchased a new position in shares of Clipper Realty in the fourth quarter worth $202,000. Institutional investors own 37.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Clipper Realty from a “hold” rating to a “sell” rating in a report on Sunday, May 31st.

Clipper Realty Company Profile

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.