Clipper Realty (NYSE:CLPR) Director Sam Levinson Buys 9,317 Shares of Stock

Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson acquired 9,317 shares of the firm’s stock in a transaction that occurred on Thursday, September 24th. The stock was acquired at an average price of $3.38 per share, for a total transaction of $31,491.46. Following the completion of the acquisition, the director directly owned 411,021 shares of the company’s stock, valued at $1,389,250.98. The trade was a 2.32% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Wednesday, September 23rd, Sam Levinson bought 13,606 shares of Clipper Realty stock. The shares were acquired at an average cost of $3.38 per share, with a total value of $45,988.28.
• On Tuesday, September 15th, Sam Levinson bought 4,315 shares of Clipper Realty stock. The stock was acquired at an average price of $3.30 per share, for a total transaction of $14,239.50.
• On Monday, September 14th, Sam Levinson purchased 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 acquired at an average cost of $3.31 per share, for a total transaction of $366,450.10.
• On Tuesday, September 8th, Sam Levinson purchased 6,842 shares of Clipper Realty stock. The shares were acquired 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 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 acquired 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 bought at an average price of $3.25 per share, for a total transaction of $5,661.50.
• On Thursday, August 20th, Sam Levinson bought 2,392 shares of Clipper Realty stock. The stock was bought 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 bought at an average cost of $3.14 per share, with a total value of $29,076.40.

Clipper Realty Price Performance

Shares of CLPR opened at $3.31 on Friday. Clipper Realty Inc. has a 1-year low of $2.69 and a 1-year high of $4.32. The stock has a market cap of $53.49 million, a PE ratio of -3.56 and a beta of 0.99. The firm has a 50-day simple moving average of $3.16 and a two-hundred day simple moving average of $3.12.

Clipper Realty Dividend Announcement

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On Clipper Realty

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

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.