Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was bought at an average cost of $9.83 per share, for a total transaction of $98,300.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Monday, November 6th, Sam Levinson bought 15,000 shares of Clipper Realty stock. The stock was bought at an average cost of $10.72 per share, for a total transaction of $160,800.00.

Shares of Clipper Realty Inc. (CLPR) traded up $0.09 during trading on Friday, reaching $9.98. The company had a trading volume of 34,448 shares, compared to its average volume of 50,384. Clipper Realty Inc. has a one year low of $9.43 and a one year high of $15.00. The company has a market cap of $185.53 and a PE ratio of 28.17.

The business also recently announced a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Monday, November 6th were issued a $0.095 dividend. The ex-dividend date was Friday, November 3rd. This represents a $0.38 dividend on an annualized basis and a yield of 3.81%. Clipper Realty’s dividend payout ratio is currently -190.00%.

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A number of hedge funds have recently modified their holdings of the business. American Financial Group Inc. purchased a new stake in Clipper Realty in the 2nd quarter worth $13,711,000. Forward Management LLC increased its stake in Clipper Realty by 40.0% in the 2nd quarter. Forward Management LLC now owns 1,036,796 shares of the company’s stock worth $12,794,000 after buying an additional 296,296 shares in the last quarter. Vanguard Group Inc. increased its stake in Clipper Realty by 2,540.3% in the 2nd quarter. Vanguard Group Inc. now owns 320,236 shares of the company’s stock worth $3,952,000 after buying an additional 308,107 shares in the last quarter. CI Investments Inc. increased its stake in Clipper Realty by 1.7% in the 3rd quarter. CI Investments Inc. now owns 291,100 shares of the company’s stock worth $3,118,000 after buying an additional 4,900 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in Clipper Realty in the 2nd quarter worth $3,233,000. Institutional investors and hedge funds own 54.44% of the company’s stock.

A number of brokerages recently commented on CLPR. B. Riley reaffirmed a “buy” rating on shares of Clipper Realty in a report on Wednesday, November 1st. Zacks Investment Research raised Clipper Realty from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. FBR & Co reaffirmed a “buy” rating and issued a $16.00 target price on shares of Clipper Realty in a report on Friday, October 27th. Finally, JMP Securities began coverage on Clipper Realty in a report on Monday, October 9th. They issued an “outperform” rating and a $17.00 target price on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $16.00.

About Clipper Realty

Clipper Realty, Inc is a real estate investment trust, which acquires, owns, manages, operates and repositions multi-family residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn. The Company’s segments include Commercial and Residential. As of June 30, 2016, it owned two residential/retail rental properties at 50 Murray Street and 53 Park Place in the Tribeca neighborhood of Manhattan, referred to as the Tribeca House properties.

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