Clipper Realty (NYSE:CLPR) Director Buys $45,988.28 in Stock

Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson purchased 13,606 shares of the business’s stock in a transaction on Wednesday, September 23rd. The shares were bought at an average cost of $3.38 per share, for a total transaction of $45,988.28. Following the purchase, the director owned 401,704 shares of the company’s stock, valued at $1,357,759.52. This trade represents a 3.51% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Thursday, September 24th, Sam Levinson acquired 9,317 shares of Clipper Realty stock. The stock was purchased at an average price of $3.38 per share, for a total transaction of $31,491.46.
• On Tuesday, September 15th, Sam Levinson bought 4,315 shares of Clipper Realty stock. The shares were acquired at an average cost of $3.30 per share, with a total value of $14,239.50.
• On Monday, September 14th, Sam Levinson bought 4,769 shares of Clipper Realty stock. The stock was acquired at an average cost of $3.28 per share, for a total transaction of $15,642.32.
• On Wednesday, September 9th, Sam Levinson purchased 110,710 shares of Clipper Realty stock. The stock was bought at an average price of $3.31 per share, with a total value 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 acquired 5,387 shares of Clipper Realty stock. The stock was purchased at an average cost of $3.25 per share, with a total value of $17,507.75.
• On Tuesday, September 1st, Sam Levinson bought 934 shares of Clipper Realty stock. The shares were purchased at an average cost 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 purchased at an average cost 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 purchased at an average price 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 acquired at an average price of $3.14 per share, for a total transaction of $29,076.40.

Clipper Realty Stock Performance

Shares of CLPR stock traded down $0.10 during mid-day trading on Friday, reaching $3.31. 39,249 shares of the company were exchanged, compared to its average volume of 80,480. The company has a market capitalization of $53.49 million, a P/E ratio of -3.56 and a beta of 0.99. The business’s 50 day simple moving average is $3.15 and its 200 day simple moving average is $3.12. Clipper Realty Inc. has a fifty-two week low of $2.69 and a fifty-two week high of $4.32.

Clipper Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Tuesday, August 18th were given a $0.0950 dividend. The ex-dividend date was Tuesday, August 18th. This represents a $0.38 annualized dividend and a dividend yield of 11.5%. Clipper Realty’s dividend payout ratio (DPR) is presently -40.86%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

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

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.