Clipper Realty (NYSE:CLPR) Director Sam Levinson Acquires 110,710 Shares of Stock

Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson bought 110,710 shares of the firm’s stock in a transaction that occurred on Wednesday, September 9th. The stock was bought at an average price of $3.31 per share, with a total value of $366,450.10. Following the transaction, the director directly owned 379,014 shares in the company, valued at $1,254,536.34. This represents a 41.26% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Tuesday, September 8th, Sam Levinson purchased 6,842 shares of Clipper Realty stock. The shares were bought at an average price of $3.24 per share, for a total transaction of $22,168.08.
• On Wednesday, September 2nd, Sam Levinson purchased 5,387 shares of Clipper Realty stock. The shares were bought at an average price of $3.25 per share, for a total transaction of $17,507.75.
• On Tuesday, September 1st, Sam Levinson purchased 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 acquired 1,742 shares of Clipper Realty stock. The stock was bought at an average price of $3.25 per share, with a total value of $5,661.50.
• On Thursday, August 20th, Sam Levinson acquired 2,392 shares of Clipper Realty stock. The stock was bought at an average price of $3.19 per share, with a total value 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, for a total transaction of $29,076.40.
• On Tuesday, August 18th, Sam Levinson bought 86,983 shares of Clipper Realty stock. The shares were purchased at an average cost of $3.15 per share, for a total transaction 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 cost of $3.29 per share, for a total transaction of $12,979.05.
• On Thursday, August 13th, Sam Levinson bought 81,647 shares of Clipper Realty stock. The stock was purchased at an average price of $3.21 per share, with a total value of $262,086.87.
• On Wednesday, August 12th, Sam Levinson purchased 69,172 shares of Clipper Realty stock. The shares were purchased at an average cost of $3.09 per share, with a total value of $213,741.48.

Clipper Realty Stock Performance

Shares of CLPR stock opened at $3.38 on Friday. Clipper Realty Inc. has a 1 year low of $2.69 and a 1 year high of $4.46. The stock has a market cap of $54.54 million, a PE ratio of -3.63 and a beta of 0.99. The business’s fifty day moving average is $3.05 and its 200-day moving average is $3.11.

Clipper Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Tuesday, August 18th were paid a dividend of $0.095 per share. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $0.38 annualized dividend and a yield of 11.3%. Clipper Realty’s dividend payout ratio (DPR) is currently -40.86%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC increased its position in shares of Clipper Realty by 12.3% in 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 in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Clipper Realty by 3.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 147,119 shares of the company’s stock valued at $559,000 after acquiring an additional 4,375 shares in the last quarter. Wells Fargo & Company MN lifted 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 acquiring an additional 5,023 shares in the last quarter. Russell Investments Group Ltd. grew its position in Clipper Realty by 161.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 12,673 shares of the company’s stock worth $48,000 after purchasing an additional 7,824 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Clipper Realty by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 339,418 shares of the company’s stock valued at $1,297,000 after purchasing an additional 8,738 shares during the period. Institutional investors and hedge funds 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 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.