Clipper Realty (NYSE:CLPR) Director Acquires $31,491.46 in Stock

Key Points

• Director Sam Levinson bought 9,317 Clipper Realty shares at an average $3.38 each, investing $31,491.46 and increasing his position by 2.32% to 411,021 shares.
• The purchase continues a series of insider acquisitions, including 110,710 shares bought on September 9; Clipper Realty’s stock recently traded down 2.9% at $3.31.
• Clipper Realty declared a quarterly dividend of $0.095 per share, equivalent to $0.38 annually and an 11.5% yield; institutional investors own 37.57% of the company.

Clipper Realty Inc. (NYSE:CLPR - Get Free Report) Director Sam Levinson purchased 9,317 shares of the stock in a transaction on Thursday, September 24th. The shares were purchased at an average cost of $3.38 per share, with a total value of $31,491.46. Following the transaction, the director owned 411,021 shares in the company, valued at $1,389,250.98. This trade represents a 2.32% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, September 23rd, Sam Levinson bought 13,606 shares of Clipper Realty stock. The shares were acquired at an average price of $3.38 per share, with a total value of $45,988.28.
• On Tuesday, September 15th, Sam Levinson acquired 4,315 shares of Clipper Realty stock. The shares were purchased at an average cost of $3.30 per share, for a total transaction of $14,239.50.
• On Monday, September 14th, Sam Levinson bought 4,769 shares of Clipper Realty stock. The shares were acquired at an average price of $3.28 per share, for a total transaction of $15,642.32.
• On Wednesday, September 9th, Sam Levinson bought 110,710 shares of Clipper Realty stock. The shares were acquired at an average price of $3.31 per share, for a total transaction of $366,450.10.
• On Tuesday, September 8th, Sam Levinson bought 6,842 shares of Clipper Realty stock. The shares were 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 shares were purchased at an average price of $3.25 per share, with a total value of $17,507.75.
• On Tuesday, September 1st, Sam Levinson bought 934 shares of Clipper Realty stock. The stock was acquired at an average price of $3.20 per share, with a total value of $2,988.80.
• On Monday, August 31st, Sam Levinson purchased 1,742 shares of Clipper Realty stock. The stock was bought at an average cost of $3.25 per share, with a total value of $5,661.50.
• On Thursday, August 20th, Sam Levinson acquired 2,392 shares of Clipper Realty stock. The shares were purchased at an average price of $3.19 per share, with a total value of $7,630.48.
• On Wednesday, August 19th, Sam Levinson acquired 9,260 shares of Clipper Realty stock. The stock was acquired at an average price of $3.14 per share, with a total value of $29,076.40.

Clipper Realty Stock Down 2.9%

Shares of CLPR traded down $0.10 during trading on Friday, reaching $3.31. 39,249 shares of the company traded hands, compared to its average volume of 80,480. Clipper Realty Inc. has a twelve month low of $2.69 and a twelve month high of $4.32. The stock has a 50-day simple moving average of $3.15 and a 200-day simple moving average of $3.12. The stock has a market cap of $53.49 million, a PE ratio of -3.56 and a beta of 0.99.

Clipper Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Tuesday, August 18th were paid a $0.0950 dividend. The ex-dividend date was Tuesday, August 18th. This represents a $0.38 annualized dividend and a dividend yield of 11.5%. Clipper Realty's payout ratio is -40.86%.

Hedge Funds Weigh In On Clipper Realty

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

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Clipper Realty from a "hold" rating to a "sell" rating in a report on Sunday, May 31st.

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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