Clipper Realty (NYSE:CLPR) Director Sam Levinson Acquires 5,387 Shares of Stock

Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson purchased 5,387 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was bought at an average price of $3.25 per share, with a total value of $17,507.75. Following the completion of the purchase, the director owned 261,462 shares of the company’s stock, valued at $849,751.50. This trade represents a 2.10% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Tuesday, September 1st, Sam Levinson acquired 934 shares of Clipper Realty stock. The shares were bought at an average price of $3.20 per share, for a total transaction 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 cost of $3.25 per share, with a total value of $5,661.50.
• On Thursday, August 20th, Sam Levinson bought 2,392 shares of Clipper Realty stock. The shares were bought at an average price of $3.19 per share, with a total value 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, 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 bought at an average cost of $3.15 per share, for a total transaction of $273,996.45.
• On Friday, August 14th, Sam Levinson purchased 3,945 shares of Clipper Realty stock. The stock was bought at an average price of $3.29 per share, for a total transaction of $12,979.05.
• On Thursday, August 13th, Sam Levinson purchased 81,647 shares of Clipper Realty stock. The stock was bought at an average cost of $3.21 per share, with a total value of $262,086.87.
• On Wednesday, August 12th, Sam Levinson acquired 69,172 shares of Clipper Realty stock. The shares were purchased at an average cost of $3.09 per share, with a total value of $213,741.48.

Clipper Realty Trading Up 0.5%

Clipper Realty stock traded up $0.01 during trading hours on Wednesday, reaching $3.27. 37,412 shares of the stock were exchanged, compared to its average volume of 82,226. The company has a market cap of $52.76 million, a P/E ratio of -3.51 and a beta of 0.97. Clipper Realty Inc. has a twelve month low of $2.69 and a twelve month high of $4.52. The stock has a 50 day moving average of $2.99 and a two-hundred day moving average of $3.11.

Clipper Realty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Tuesday, August 18th were given a dividend of $0.095 per share. The ex-dividend date was Tuesday, August 18th. This represents a $0.38 annualized dividend and a dividend yield of 11.6%. Clipper Realty’s dividend payout ratio (DPR) is currently -40.86%.

Analyst Ratings Changes

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. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Institutional Investors Weigh In On Clipper Realty

Hedge funds have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC bought a new stake in shares of Clipper Realty during the 1st quarter valued at approximately $193,000. AQR Capital Management LLC lifted its stake in Clipper Realty by 12.3% in the 1st quarter. AQR Capital Management LLC now owns 22,698 shares of the company’s stock valued at $87,000 after purchasing an additional 2,491 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Clipper Realty by 25.4% in the first quarter. Goldman Sachs Group Inc. now owns 97,027 shares of the company’s stock valued at $373,000 after buying an additional 19,640 shares in the last quarter. Jane Street Group LLC boosted its position in Clipper Realty by 56.4% in the first quarter. Jane Street Group LLC now owns 142,027 shares of the company’s stock valued at $545,000 after buying an additional 51,231 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Clipper Realty by 9.3% in the second quarter. Geode Capital Management LLC now owns 333,970 shares of the company’s stock valued at $1,226,000 after buying an additional 28,385 shares in the last quarter. 37.57% of the stock is currently owned by institutional investors and hedge funds.

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.