Clipper Realty (NYSE:CLPR) Director Buys $72,364.60 in Stock

Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson acquired 19,558 shares of the stock in a transaction dated Tuesday, December 30th. The shares were bought at an average price of $3.70 per share, for a total transaction of $72,364.60. Following the transaction, the director owned 79,410 shares in the company, valued at approximately $293,817. This represents a 32.68% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, December 31st, Sam Levinson acquired 2,793 shares of Clipper Realty stock. The shares were purchased at an average price of $3.79 per share, for a total transaction of $10,585.47.
• On Monday, December 29th, Sam Levinson acquired 33,494 shares of Clipper Realty stock. The shares were purchased at an average cost of $3.71 per share, for a total transaction of $124,262.74.
• On Monday, December 29th, Sam Levinson bought 2,418 shares of Clipper Realty stock. The stock was purchased at an average cost of $3.71 per share, with a total value of $8,970.78.

Clipper Realty Price Performance

NYSE CLPR traded up $0.04 on Wednesday, reaching $3.83. 103,009 shares of the company’s stock traded hands, compared to its average volume of 95,694. The stock has a market cap of $61.84 million, a PE ratio of -3.42 and a beta of 1.01. Clipper Realty Inc. has a 12 month low of $3.31 and a 12 month high of $5.16. The stock has a 50-day simple moving average of $3.66 and a 200 day simple moving average of $3.86.

Clipper Realty (NYSE:CLPR) last announced its quarterly earnings data on Thursday, November 13th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $37.70 million during the quarter, compared to the consensus estimate of $37.90 million. As a group, analysts anticipate that Clipper Realty Inc. will post 0.39 EPS for the current year.

Clipper Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Wednesday, November 26th were given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 9.9%. The ex-dividend date was Wednesday, November 26th. Clipper Realty’s dividend payout ratio is presently -33.93%.

Analysts Set New Price Targets

Separately, Zacks Research downgraded Clipper Realty from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 9th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Institutional Trading of Clipper Realty

Institutional investors have recently modified their holdings of the company. Abel Hall LLC bought a new position in Clipper Realty during the 3rd quarter valued at approximately $52,000. Focus Partners Wealth purchased a new position in shares of Clipper Realty during the third quarter valued at approximately $335,000. Two Sigma Investments LP raised its holdings in shares of Clipper Realty by 19.3% during the third quarter. Two Sigma Investments LP now owns 86,968 shares of the company’s stock valued at $330,000 after acquiring an additional 14,045 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Clipper Realty by 161.4% in the third quarter. Russell Investments Group Ltd. now owns 12,673 shares of the company’s stock worth $48,000 after acquiring an additional 7,824 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Clipper Realty by 3.1% in the third quarter. Dimensional Fund Advisors LP now owns 147,119 shares of the company’s stock worth $559,000 after acquiring an additional 4,375 shares during the period. 37.57% of the stock is currently owned by hedge funds and other institutional investors.

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.