Insider Buying: Clipper Realty (NYSE:CLPR) Director Acquires $14,239.50 in Stock

Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson purchased 4,315 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was acquired at an average cost of $3.30 per share, with a total value of $14,239.50. Following the transaction, the director directly owned 388,098 shares in the company, valued at $1,280,723.40. This trade represents a 1.12% increase in their ownership of the stock. 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 Monday, September 14th, Sam Levinson acquired 4,769 shares of Clipper Realty stock. The shares were bought at an average cost of $3.28 per share, for a total transaction of $15,642.32.
• On Wednesday, September 9th, Sam Levinson acquired 110,710 shares of Clipper Realty stock. The stock was bought at an average price of $3.31 per share, for a total transaction of $366,450.10.
• On Tuesday, September 8th, Sam Levinson bought 6,842 shares of Clipper Realty stock. The stock was bought 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 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 bought 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 shares were 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 stock was 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 stock was 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 cost 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 shares were purchased at an average price of $3.29 per share, for a total transaction of $12,979.05.

Clipper Realty Stock Up 0.6%

Shares of NYSE:CLPR opened at $3.43 on Friday. The firm’s 50 day moving average price is $3.11 and its 200 day moving average price is $3.11. The stock has a market cap of $55.41 million, a price-to-earnings ratio of -3.69 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 $4.32.

Clipper Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Tuesday, August 18th were given a $0.095 dividend. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 11.1%. Clipper Realty’s dividend payout ratio is currently -40.86%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CLPR. Bank of New York Mellon Corp acquired a new stake in shares of Clipper Realty during the 2nd quarter worth about $31,000. Equitable Holdings Inc. acquired a new position in Clipper Realty in the second quarter valued at approximately $58,000. GSA Capital Partners LLP purchased a new position in Clipper Realty in the second quarter valued at approximately $254,000. BlackRock Inc. purchased a new position in Clipper Realty in the second quarter valued at approximately $297,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Clipper Realty during the second quarter worth approximately $412,000. Hedge funds and other institutional investors own 37.57% of the company’s stock.

Analyst Upgrades and Downgrades

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.

About Clipper Realty

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.