Clipper Realty (NYSE:CLPR) Director Sam Levinson Acquires 4,315 Shares

Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson acquired 4,315 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The shares were bought at an average price of $3.30 per share, with a total value of $14,239.50. Following the completion of the transaction, the director directly owned 388,098 shares in the company, valued at approximately $1,280,723.40. The trade was a 1.12% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, September 14th, Sam Levinson bought 4,769 shares of Clipper Realty stock. The shares were bought at an average price of $3.28 per share, for a total transaction of $15,642.32.
• On Wednesday, September 9th, Sam Levinson purchased 110,710 shares of Clipper Realty stock. The shares were bought at an average cost of $3.31 per share, with a total value of $366,450.10.
• On Tuesday, September 8th, Sam Levinson purchased 6,842 shares of Clipper Realty stock. The stock was bought at an average cost of $3.24 per share, with a total value of $22,168.08.
• On Wednesday, September 2nd, Sam Levinson purchased 5,387 shares of Clipper Realty stock. The stock was bought at an average cost of $3.25 per share, with a total value of $17,507.75.
• On Tuesday, September 1st, Sam Levinson acquired 934 shares of Clipper Realty stock. The stock was bought at an average price of $3.20 per share, for a total transaction of $2,988.80.
• On Monday, August 31st, Sam Levinson acquired 1,742 shares of Clipper Realty stock. The shares were bought at an average cost 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 shares were bought at an average cost of $3.19 per share, for a total transaction of $7,630.48.
• On Wednesday, August 19th, Sam Levinson acquired 9,260 shares of Clipper Realty stock. The shares were bought 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 stock was purchased at an average cost of $3.15 per share, with a total value of $273,996.45.
• On Friday, August 14th, Sam Levinson bought 3,945 shares of Clipper Realty stock. The stock was purchased at an average cost of $3.29 per share, with a total value of $12,979.05.

Clipper Realty Price Performance

NYSE:CLPR traded up $0.08 on Wednesday, reaching $3.43. The stock had a trading volume of 60,867 shares, compared to its average volume of 81,328. The company has a market cap of $55.43 million, a price-to-earnings ratio of -3.69 and a beta of 0.99. The firm’s fifty day moving average is $3.07 and its two-hundred day moving average is $3.11. Clipper Realty Inc. has a 12-month low of $2.69 and a 12-month high of $4.34.

Clipper Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Tuesday, August 18th were given a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 11.1%. The ex-dividend date of this dividend was Tuesday, August 18th. Clipper Realty’s payout ratio is currently -40.86%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Clipper Realty from a “hold” rating to a “sell” rating in a research report on Sunday, May 31st.

Institutional Investors Weigh In On Clipper Realty

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

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.