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

Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson bought 6,842 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were acquired at an average price of $3.24 per share, for a total transaction of $22,168.08. Following the completion of the transaction, the director owned 268,304 shares in the company, valued at approximately $869,304.96. This trade represents a 2.62% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, September 9th, Sam Levinson purchased 110,710 shares of Clipper Realty stock. The shares were acquired at an average price 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 shares were acquired 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 acquired 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 acquired at an average price of $3.25 per share, for a total transaction of $5,661.50.
• On Thursday, August 20th, Sam Levinson acquired 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 bought 9,260 shares of Clipper Realty stock. The shares were acquired at an average cost of $3.14 per share, with a total value of $29,076.40.
• On Tuesday, August 18th, Sam Levinson bought 86,983 shares of Clipper Realty stock. The shares were acquired 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 acquired at an average price 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 stock was bought at an average cost of $3.21 per share, for a total transaction of $262,086.87.
• On Wednesday, August 12th, Sam Levinson purchased 69,172 shares of Clipper Realty stock. The stock was bought at an average cost of $3.09 per share, for a total transaction of $213,741.48.

Clipper Realty Stock Down 5.0%

NYSE:CLPR opened at $3.22 on Friday. Clipper Realty Inc. has a 12-month low of $2.69 and a 12-month high of $4.45. The firm has a market capitalization of $52.04 million, a P/E ratio of -3.46 and a beta of 0.99. The stock’s fifty day simple moving average is $3.05 and its 200-day simple moving average is $3.11.

Clipper Realty Dividend Announcement

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

Analysts Set New Price Targets

Separately, Wall Street Zen cut Clipper Realty from a “hold” rating to a “sell” rating in a research note on Sunday, May 31st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Equitable Holdings Inc. acquired a new position in Clipper Realty in the 2nd quarter worth $58,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Clipper Realty in the 2nd quarter valued at about $412,000. BlackRock Inc. bought a new stake in shares of Clipper Realty in the second quarter valued at about $297,000. Bank of New York Mellon Corp bought a new stake in shares of Clipper Realty in the second quarter valued at about $31,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Clipper Realty during the second quarter worth about $254,000. 37.57% of the stock is currently owned by institutional investors.

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.