Sam Levinson Acquires 69,172 Shares of Clipper Realty (NYSE:CLPR) Stock

Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson bought 69,172 shares of Clipper Realty stock in a transaction that occurred on Wednesday, August 12th. The stock was purchased at an average price of $3.09 per share, for a total transaction of $213,741.48. Following the acquisition, the director directly owned 69,172 shares of the company’s stock, valued at $213,741.48. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, August 14th, Sam Levinson purchased 3,945 shares of Clipper Realty stock. The shares were purchased at an average cost of $3.29 per share, with a total value of $12,979.05.
• On Thursday, August 13th, Sam Levinson purchased 81,647 shares of Clipper Realty stock. The shares were purchased at an average price of $3.21 per share, with a total value of $262,086.87.

Clipper Realty Trading Up 1.3%

Shares of Clipper Realty stock traded up $0.04 during trading hours on Friday, reaching $3.32. The stock had a trading volume of 80,381 shares, compared to its average volume of 83,300. The firm has a 50 day simple moving average of $2.96 and a two-hundred day simple moving average of $3.13. The firm has a market capitalization of $53.67 million, a price-to-earnings ratio of -3.57 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 (NYSE:CLPR) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.39). The firm had revenue of $38.12 million during the quarter, compared to analyst estimates of $39.60 million. Sell-side analysts forecast that Clipper Realty Inc. will post 0.26 EPS for the current year.

Clipper Realty Dividend Announcement

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Clipper Realty

A number of institutional investors have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Clipper Realty in the 2nd quarter valued at about $412,000. BlackRock Inc. purchased a new stake in shares of Clipper Realty during the second quarter worth about $297,000. Bank of New York Mellon Corp acquired a new position in shares of Clipper Realty in the second quarter worth about $31,000. GSA Capital Partners LLP acquired a new position in shares of Clipper Realty in the second quarter worth about $254,000. Finally, Virtu Financial LLC purchased a new position in Clipper Realty in the fourth quarter valued at about $42,000. Institutional investors and hedge funds 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.