Insider Buying: Clipper Realty (NYSE:CLPR) Director Acquires 9,260 Shares of Stock

Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson purchased 9,260 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were purchased at an average price of $3.14 per share, for a total transaction of $29,076.40. Following the completion of the purchase, the director owned 251,007 shares of the company’s stock, valued at approximately $788,161.98. This trade represents a 3.83% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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, with a total value of $7,630.48.
• On Tuesday, August 18th, Sam Levinson acquired 86,983 shares of Clipper Realty stock. The stock was acquired at an average cost 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 acquired at an average cost of $3.29 per share, for a total transaction of $12,979.05.
• On Thursday, August 13th, Sam Levinson bought 81,647 shares of Clipper Realty stock. The shares were acquired at an average price of $3.21 per share, for a total transaction of $262,086.87.
• On Wednesday, August 12th, Sam Levinson bought 69,172 shares of Clipper Realty stock. The shares were acquired at an average cost of $3.09 per share, with a total value of $213,741.48.

Clipper Realty Price Performance

Shares of CLPR stock traded up $0.07 during trading hours on Thursday, reaching $3.23. 35,719 shares of the company’s stock were exchanged, compared to its average volume of 84,604. The company’s 50 day moving average is $2.96 and its two-hundred day moving average is $3.12. The company has a market cap of $52.20 million, a P/E ratio of -3.47 and a beta of 0.97. Clipper Realty Inc. has a 1 year low of $2.69 and a 1 year high of $4.61.

Clipper Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Tuesday, August 18th will be issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 11.8%. The ex-dividend date of this dividend is Tuesday, August 18th. Clipper Realty’s dividend payout ratio is currently -40.86%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Clipper Realty from a “hold” rating to a “sell” rating in a report on Sunday, May 31st. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Institutional Trading of Clipper Realty

Institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its position in Clipper Realty by 12.3% during the first quarter. AQR Capital Management LLC now owns 22,698 shares of the company’s stock worth $87,000 after buying an additional 2,491 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Clipper Realty by 3.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 147,119 shares of the company’s stock valued at $559,000 after acquiring an additional 4,375 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Clipper Realty by 48.0% during the 4th quarter. Wells Fargo & Company MN now owns 15,485 shares of the company’s stock worth $59,000 after acquiring an additional 5,023 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Clipper Realty by 161.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 12,673 shares of the company’s stock worth $48,000 after acquiring an additional 7,824 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Clipper Realty by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 339,418 shares of the company’s stock worth $1,297,000 after acquiring an additional 8,738 shares during the period. Hedge funds and other institutional investors own 37.57% of the company’s stock.

Clipper Realty Company Profile

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.