Clipper Realty (NYSE:CLPR) Director Sam Levinson Acquires 13,606 Shares of Company Stock

Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson acquired 13,606 shares of Clipper Realty stock in a transaction dated Wednesday, September 23rd. The shares were acquired at an average price of $3.38 per share, with a total value of $45,988.28. Following the transaction, the director owned 401,704 shares in the company, valued at approximately $1,357,759.52. This represents a 3.51% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Thursday, September 24th, Sam Levinson acquired 9,317 shares of Clipper Realty stock. The stock was acquired at an average cost of $3.38 per share, for a total transaction of $31,491.46.
• 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 bought 4,769 shares of Clipper Realty stock. The shares were acquired at an average cost of $3.28 per share, with a total value of $15,642.32.
• On Wednesday, September 9th, Sam Levinson bought 110,710 shares of Clipper Realty stock. The shares were acquired at an average cost 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 acquired at an average price 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 stock was acquired at an average price of $3.25 per share, for a total transaction of $17,507.75.
• On Tuesday, September 1st, Sam Levinson purchased 934 shares of Clipper Realty stock. The stock was acquired at an average price of $3.20 per share, for a total transaction of $2,988.80.
• On Monday, August 31st, Sam Levinson purchased 1,742 shares of Clipper Realty stock. The stock was bought at an average cost of $3.25 per share, for a total transaction of $5,661.50.
• On Thursday, August 20th, Sam Levinson acquired 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 acquired 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 Stock Down 2.9%

CLPR opened at $3.31 on Friday. The firm has a market cap of $53.49 million, a PE ratio of -3.56 and a beta of 0.99. The business has a fifty day simple moving average of $3.16 and a 200-day simple moving average of $3.12. Clipper Realty Inc. has a fifty-two week low of $2.69 and a fifty-two week high of $4.32.

Clipper Realty Announces Dividend

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 $0.0950 dividend. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $0.38 dividend on an annualized basis and a yield of 11.5%. Clipper Realty’s dividend payout ratio (DPR) is currently -40.86%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Clipper Realty

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

Clipper Realty Company Profile

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.