Clipper Realty (NYSE:CLPR) Director Sam Levinson Acquires 4,769 Shares

Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson bought 4,769 shares of Clipper Realty stock in a transaction on Monday, September 14th. The shares were purchased at an average cost of $3.28 per share, for a total transaction of $15,642.32. Following the completion of the purchase, the director directly owned 383,783 shares of the company’s stock, valued at $1,258,808.24. This trade represents a 1.26% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

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

• On Tuesday, September 15th, Sam Levinson acquired 4,315 shares of Clipper Realty stock. The stock was acquired at an average price of $3.30 per share, with a total value of $14,239.50.
• 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 Tuesday, September 8th, Sam Levinson bought 6,842 shares of Clipper Realty stock. The shares were bought at an average cost of $3.24 per share, with a total value of $22,168.08.
• On Wednesday, September 2nd, Sam Levinson purchased 5,387 shares of Clipper Realty stock. The shares were purchased at an average price 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 stock was purchased 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, with a total value 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 price of $3.19 per share, with a total value 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, 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 price of $3.15 per share, for a total transaction of $273,996.45.
• On Friday, August 14th, Sam Levinson acquired 3,945 shares of Clipper Realty stock. The stock was purchased at an average cost of $3.29 per share, for a total transaction of $12,979.05.

Clipper Realty Price Performance

Clipper Realty stock opened at $3.43 on Thursday. Clipper Realty Inc. has a 1-year low of $2.69 and a 1-year high of $4.34. The stock has a market cap of $55.43 million, a PE ratio of -3.69 and a beta of 0.99. The stock’s fifty day moving average is $3.09 and its two-hundred day moving average is $3.11.

Clipper Realty Dividend Announcement

The business also recently declared 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. This represents a $0.38 annualized dividend and a yield of 11.1%. The ex-dividend date was Tuesday, August 18th. Clipper Realty’s dividend payout ratio (DPR) is currently -40.86%.

Institutional Trading of Clipper Realty

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

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded 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.