Clipper Realty (NYSE:CLPR) COO Jacob Bistricer Purchases 73,500 Shares of Stock

Key Points

• Clipper Realty COO Jacob Bistricer purchased 73,500 shares at an average price of $3.35, representing a total investment of $246,225. The transaction was disclosed in a filing with the SEC.
• Clipper Realty shares fell 2.2% to $3.15 during mid-day trading, with the stock trading between a 52-week range of $2.69 and $4.32.
• The company recently paid a quarterly dividend of $0.095 per share, equivalent to an annualized dividend of $0.38 and a 12.1% yield; institutional investors and hedge funds own 37.57% of the stock.

Clipper Realty Inc. (NYSE:CLPR - Get Free Report) COO Jacob Bistricer bought 73,500 shares of the stock in a transaction on Monday, September 28th. The shares were acquired at an average cost of $3.35 per share, with a total value of $246,225.00. Following the purchase, the chief operating officer owned 73,500 shares of the company's stock, valued at approximately $246,225. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Clipper Realty Trading Down 2.2%

Clipper Realty stock traded down $0.07 during mid-day trading on Wednesday, reaching $3.15. The company had a trading volume of 53,772 shares, compared to its average volume of 80,429. Clipper Realty Inc. has a fifty-two week low of $2.69 and a fifty-two week high of $4.32. The company has a market cap of $50.88 million, a P/E ratio of -3.39 and a beta of 0.99. The business has a fifty day simple moving average of $3.17 and a 200 day simple moving average of $3.12.

Clipper Realty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Tuesday, August 18th were paid a dividend of $0.0950 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 12.1%. The ex-dividend date of this dividend was Tuesday, August 18th. Clipper Realty's dividend payout ratio (DPR) is presently -40.86%.

Hedge Funds Weigh In On Clipper Realty

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

Clipper Realty Company Profile

Clipper Realty Inc NYSE: CLPR is a self-administered and self-managed real estate investment trust focused on owning, operating, and selectively acquiring multifamily residential properties in New York City. The company's business is centered on generating rental income from apartment communities and managing the properties in its portfolio.

Clipper Realty's portfolio has historically included residential properties in Manhattan and Brooklyn, including large apartment communities and multifamily buildings in established New York City neighborhoods.

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