Clipper Realty (NYSE:CLPR) Director Buys $17,507.75 in Stock

Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson bought 5,387 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The stock was purchased at an average cost of $3.25 per share, for a total transaction of $17,507.75. Following the completion of the acquisition, the director owned 261,462 shares in the company, valued at $849,751.50. This trade represents a 2.10% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, September 1st, Sam Levinson purchased 934 shares of Clipper Realty stock. The shares were acquired at an average price of $3.20 per share, with a total value of $2,988.80.
• On Monday, August 31st, Sam Levinson acquired 1,742 shares of Clipper Realty stock. The stock was acquired at an average price 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 stock was acquired at an average cost 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 acquired at an average price of $3.14 per share, with a total value of $29,076.40.
• On Tuesday, August 18th, Sam Levinson bought 86,983 shares of Clipper Realty stock. The shares were acquired 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 acquired 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 shares were acquired 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 bought at an average cost of $3.09 per share, with a total value of $213,741.48.

Clipper Realty Trading Up 0.5%

Shares of NYSE:CLPR traded up $0.01 on Wednesday, hitting $3.27. The company had a trading volume of 37,412 shares, compared to its average volume of 82,226. The stock has a market cap of $52.76 million, a price-to-earnings ratio of -3.51 and a beta of 0.97. The stock has a 50 day moving average price of $2.99 and a 200 day moving average price of $3.11. Clipper Realty Inc. has a 1-year low of $2.69 and a 1-year high of $4.52.

Clipper Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Tuesday, August 18th were issued a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 11.6%. The ex-dividend date of this dividend was Tuesday, August 18th. Clipper Realty’s dividend payout ratio is currently -40.86%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of Clipper Realty by 209.8% in the third quarter. JPMorgan Chase & Co. now owns 22,300 shares of the company’s stock valued at $85,000 after acquiring an additional 15,101 shares during the period. Ameriprise Financial Inc. bought a new position in Clipper Realty during the second quarter worth about $70,000. Deutsche Bank AG bought a new position in Clipper Realty during the fourth quarter worth about $63,000. Wells Fargo & Company MN raised its stake in Clipper Realty by 48.0% in the 4th quarter. Wells Fargo & Company MN now owns 15,485 shares of the company’s stock worth $59,000 after purchasing an additional 5,023 shares in the last quarter. Finally, Abel Hall LLC bought a new stake in Clipper Realty in the 3rd quarter valued at about $52,000. Institutional investors own 37.57% of the company’s stock.

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.