Clipper Realty (NYSE:CLPR) Director Sam Levinson Acquires 81,647 Shares

Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson bought 81,647 shares of Clipper Realty stock in a transaction that occurred on Thursday, August 13th. The shares were acquired at an average price of $3.21 per share, with a total value of $262,086.87. Following the acquisition, the director directly owned 150,819 shares of the company’s stock, valued at $484,128.99. The trade was a 118.03% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, August 14th, Sam Levinson bought 3,945 shares of Clipper Realty stock. The stock was acquired at an average cost of $3.29 per share, with a total value of $12,979.05.
• On Wednesday, August 12th, Sam Levinson purchased 69,172 shares of Clipper Realty stock. The stock was acquired at an average price of $3.09 per share, for a total transaction of $213,741.48.

Clipper Realty Price Performance

NYSE:CLPR traded up $0.04 on Friday, hitting $3.32. 80,381 shares of the company’s stock were exchanged, compared to its average volume of 83,300. The firm has a 50-day moving average price of $2.96 and a 200-day moving average price of $3.13. Clipper Realty Inc. has a 52 week low of $2.69 and a 52 week high of $4.61. The company has a market cap of $53.67 million, a P/E ratio of -3.57 and a beta of 0.97.

Clipper Realty (NYSE:CLPR) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.39). The firm had revenue of $38.12 million for the quarter, compared to the consensus estimate of $39.60 million. On average, research analysts expect that Clipper Realty Inc. will post 0.26 earnings per share for the current fiscal year.

Clipper Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Tuesday, August 18th will be given a dividend of $0.095 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $0.38 annualized dividend and a yield of 11.4%. Clipper Realty’s dividend payout ratio is -40.86%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp bought a new stake in shares of Clipper Realty in the 2nd quarter valued at about $31,000. Virtu Financial LLC acquired a new position in Clipper Realty during the fourth quarter worth approximately $42,000. Russell Investments Group Ltd. increased its position in Clipper Realty by 161.4% during the third quarter. Russell Investments Group Ltd. now owns 12,673 shares of the company’s stock worth $48,000 after buying an additional 7,824 shares during the last quarter. Abel Hall LLC bought a new stake in Clipper Realty in the third quarter valued at approximately $52,000. Finally, Wells Fargo & Company MN lifted its position in shares of Clipper Realty by 48.0% in the fourth quarter. Wells Fargo & Company MN now owns 15,485 shares of the company’s stock valued at $59,000 after buying an additional 5,023 shares during the last quarter. 37.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

About Clipper Realty

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.