Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson purchased 10,000 shares of the stock in a transaction dated Tuesday, November 14th. The shares were purchased at an average price of $9.83 per share, with a total value of $98,300.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Monday, November 6th, Sam Levinson purchased 15,000 shares of Clipper Realty stock. The shares were purchased at an average price of $10.72 per share, with a total value of $160,800.00.

Shares of Clipper Realty Inc. (NYSE:CLPR) traded up $0.24 during midday trading on Thursday, hitting $9.89. The stock had a trading volume of 22,711 shares, compared to its average volume of 79,754. The firm has a market capitalization of $175.63 and a PE ratio of 28.17. Clipper Realty Inc. has a twelve month low of $9.43 and a twelve month high of $15.00.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Monday, November 6th were paid a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend was Friday, November 3rd. Clipper Realty’s payout ratio is currently -189.99%.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. American Financial Group Inc. acquired a new stake in Clipper Realty in the second quarter valued at $13,711,000. Vanguard Group Inc. raised its stake in Clipper Realty by 2,540.3% in the second quarter. Vanguard Group Inc. now owns 320,236 shares of the company’s stock valued at $3,952,000 after buying an additional 308,107 shares in the last quarter. Forward Management LLC raised its stake in Clipper Realty by 40.0% in the second quarter. Forward Management LLC now owns 1,036,796 shares of the company’s stock valued at $12,794,000 after buying an additional 296,296 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in Clipper Realty in the second quarter valued at $3,233,000. Finally, State Street Corp raised its stake in Clipper Realty by 410.5% in the second quarter. State Street Corp now owns 158,246 shares of the company’s stock valued at $1,952,000 after buying an additional 127,246 shares in the last quarter. Institutional investors and hedge funds own 54.44% of the company’s stock.

Several research analysts have recently commented on CLPR shares. Zacks Investment Research lowered Clipper Realty from a “buy” rating to a “sell” rating in a research report on Monday, August 14th. JMP Securities began coverage on Clipper Realty in a research note on Monday, October 9th. They issued an “outperform” rating and a $17.00 price objective on the stock. FBR & Co reiterated a “buy” rating and issued a $16.00 price objective on shares of Clipper Realty in a research note on Friday, October 27th. Finally, B. Riley reiterated a “buy” rating on shares of Clipper Realty in a research note on Wednesday, November 1st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Clipper Realty currently has an average rating of “Buy” and a consensus target price of $16.00.

Clipper Realty Company Profile

Clipper Realty, Inc is a real estate investment trust, which acquires, owns, manages, operates and repositions multi-family residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn. The Company’s segments include Commercial and Residential. As of June 30, 2016, it owned two residential/retail rental properties at 50 Murray Street and 53 Park Place in the Tribeca neighborhood of Manhattan, referred to as the Tribeca House properties.

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