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

Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson bought 5,387 shares of the stock in a transaction on Wednesday, September 2nd. The shares were acquired at an average cost of $3.25 per share, with a total value of $17,507.75. Following the purchase, the director owned 261,462 shares of the company’s stock, valued at approximately $849,751.50. This represents a 2.10% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, September 1st, Sam Levinson bought 934 shares of Clipper Realty stock. The stock was bought 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 bought at an average price 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 bought at an average cost 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 shares were bought at an average price 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 shares were bought at an average price of $3.15 per share, with a total value of $273,996.45.
• On Friday, August 14th, Sam Levinson acquired 3,945 shares of Clipper Realty stock. The stock was bought at an average cost 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 stock was bought at an average price 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 $3.29 on Friday. The firm’s fifty day moving average price is $3.00 and its two-hundred day moving average price is $3.11. The stock has a market cap of $53.17 million, a PE ratio of -3.54 and a beta of 0.99. Clipper Realty Inc. has a fifty-two week low of $2.69 and a fifty-two week high of $4.52.

Clipper Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Tuesday, August 18th were given a dividend of $0.095 per share. The ex-dividend date was Tuesday, August 18th. This represents a $0.38 dividend on an annualized basis and a yield of 11.6%. Clipper Realty’s payout ratio is currently -40.86%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Clipper Realty

Several institutional investors have recently modified their holdings of CLPR. Wells Fargo & Company MN grew its position in shares of Clipper Realty by 48.0% in the 4th quarter. Wells Fargo & Company MN now owns 15,485 shares of the company’s stock valued at $59,000 after buying an additional 5,023 shares during the last quarter. Deutsche Bank AG acquired a new stake in shares of Clipper Realty in the fourth quarter valued at about $63,000. Abel Hall LLC bought a new position in shares of Clipper Realty during the third quarter worth about $52,000. Russell Investments Group Ltd. raised its position in shares of Clipper Realty by 161.4% during the third quarter. Russell Investments Group Ltd. now owns 12,673 shares of the company’s stock worth $48,000 after acquiring an additional 7,824 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Clipper Realty by 209.8% in the third quarter. JPMorgan Chase & Co. now owns 22,300 shares of the company’s stock worth $85,000 after acquiring an additional 15,101 shares during the period. Institutional investors own 37.57% of the company’s stock.

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.