Clipper Realty (NYSE:CLPR) Director Acquires $17,507.75 in Stock

Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson acquired 5,387 shares of Clipper Realty stock in a transaction dated Wednesday, September 2nd. The shares were acquired at an average price of $3.25 per share, with a total value of $17,507.75. Following the completion of the acquisition, the director directly owned 261,462 shares of the company’s stock, valued at approximately $849,751.50. The trade was a 2.10% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 shares were acquired at an average cost of $3.20 per share, with a total value of $2,988.80.
• On Monday, August 31st, Sam Levinson bought 1,742 shares of Clipper Realty stock. The stock was acquired 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 acquired at an average cost of $3.19 per share, for a total transaction of $7,630.48.
• On Wednesday, August 19th, Sam Levinson purchased 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 purchased 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 shares were bought 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 bought at an average cost of $3.21 per share, with a total value of $262,086.87.
• On Wednesday, August 12th, Sam Levinson acquired 69,172 shares of Clipper Realty stock. The stock was bought at an average cost of $3.09 per share, with a total value of $213,741.48.

Clipper Realty Stock Down 1.2%

CLPR stock opened at $3.22 on Friday. The firm has a market capitalization of $52.03 million, a PE ratio of -3.46 and a beta of 0.99. Clipper Realty Inc. has a twelve month low of $2.69 and a twelve month high of $4.52. The stock’s 50 day moving average is $3.01 and its 200-day moving average is $3.11.

Clipper Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Tuesday, August 18th were paid a dividend of $0.095 per share. The ex-dividend date was Tuesday, August 18th. This represents a $0.38 annualized dividend and a yield of 11.8%. Clipper Realty’s dividend payout ratio (DPR) is -40.86%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Clipper Realty from a “hold” rating to a “sell” rating in a research note on Sunday, May 31st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Clipper Realty has a consensus rating of “Hold”.

Hedge Funds Weigh In On Clipper Realty

A number of hedge funds and other institutional investors have recently modified their holdings of CLPR. Cubist Systematic Strategies LLC bought a new position in shares of Clipper Realty in the first quarter valued at approximately $193,000. AQR Capital Management LLC lifted its holdings in Clipper Realty by 12.3% during the first quarter. AQR Capital Management LLC now owns 22,698 shares of the company’s stock worth $87,000 after acquiring an additional 2,491 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Clipper Realty by 25.4% during the first quarter. Goldman Sachs Group Inc. now owns 97,027 shares of the company’s stock worth $373,000 after acquiring an additional 19,640 shares during the period. Jane Street Group LLC boosted its position in Clipper Realty by 56.4% in the first quarter. Jane Street Group LLC now owns 142,027 shares of the company’s stock worth $545,000 after purchasing an additional 51,231 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Clipper Realty by 9.3% in the second quarter. Geode Capital Management LLC now owns 333,970 shares of the company’s stock worth $1,226,000 after purchasing an additional 28,385 shares during the last quarter. Hedge funds and other 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.