Insider Buying: Clipper Realty (NYSE:CLPR) COO Buys 73,500 Shares of Company Stock

Clipper Realty Inc. (NYSE:CLPR) COO Jacob Bistricer acquired 73,500 shares of the stock in a transaction dated Monday, September 28th. The shares were bought at an average price of $3.35 per share, with a total value of $246,225.00. Following the completion of the transaction, the chief operating officer directly owned 73,500 shares of the company’s stock, valued at $246,225. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Clipper Realty Price Performance

Shares of Clipper Realty stock traded down $0.07 during midday trading on Wednesday, reaching $3.15. The company had a trading volume of 53,772 shares, compared to its average volume of 80,429. The stock has a fifty day moving average price of $3.17 and a 200 day moving average price of $3.12. Clipper Realty Inc. has a fifty-two week low of $2.69 and a fifty-two week high of $4.32. The firm has a market cap of $50.88 million, a PE ratio of -3.39 and a beta of 0.99.

Clipper Realty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Tuesday, August 18th were issued a dividend of $0.0950 per share. The ex-dividend date was Tuesday, August 18th. This represents a $0.38 annualized dividend and a yield of 12.1%. Clipper Realty’s dividend payout ratio (DPR) is presently -40.86%.

Institutional Inflows and Outflows

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

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.