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

Key Points

• Director Sam Levinson purchased 4,315 Clipper Realty shares at an average price of $3.30, increasing his direct stake by 1.12% to 388,098 shares. The purchase follows several other insider buys, including 110,710 shares acquired on September 9.
• Clipper Realty shares rose 2.4% to $3.43, with the stock trading between $2.69 and $4.34 over the past year. The company has a market capitalization of approximately $55.4 million.
• The REIT recently paid a quarterly dividend of $0.095 per share, equivalent to an annualized yield of about 11.1%; however, Wall Street Zen downgraded the stock from “hold” to “sell.”

Clipper Realty Inc. (NYSE:CLPR - Get Free Report) Director Sam Levinson bought 4,315 shares of Clipper Realty stock in a transaction dated Tuesday, September 15th. The stock was purchased at an average price of $3.30 per share, with a total value of $14,239.50. Following the purchase, the director directly owned 388,098 shares in the company, valued at approximately $1,280,723.40. This trade represents a 1.12% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Monday, September 14th, Sam Levinson bought 4,769 shares of Clipper Realty stock. The stock was purchased at an average cost 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 purchased at an average price of $3.31 per share, for a total transaction of $366,450.10.
• On Tuesday, September 8th, Sam Levinson purchased 6,842 shares of Clipper Realty stock. The shares were purchased 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 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 purchased at an average price of $3.20 per share, with a total value of $2,988.80.
• On Monday, August 31st, Sam Levinson acquired 1,742 shares of Clipper Realty stock. The stock was acquired 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 stock was acquired at an average cost of $3.19 per share, for a total transaction of $7,630.48.
• On Wednesday, August 19th, Sam Levinson bought 9,260 shares of Clipper Realty stock. The shares were acquired at an average price of $3.14 per share, for a total transaction of $29,076.40.
• On Tuesday, August 18th, Sam Levinson purchased 86,983 shares of Clipper Realty stock. The stock was acquired at an average price of $3.15 per share, for a total transaction of $273,996.45.
• On Friday, August 14th, Sam Levinson acquired 3,945 shares of Clipper Realty stock. The shares were acquired at an average cost of $3.29 per share, for a total transaction of $12,979.05.

Clipper Realty Stock Up 2.4%

CLPR stock traded up $0.08 on Wednesday, reaching $3.43. 60,867 shares of the company's stock were exchanged, compared to its average volume of 81,328. The stock has a fifty day moving average of $3.07 and a 200-day moving average of $3.11. The firm has a market cap of $55.43 million, a PE ratio of -3.69 and a beta of 0.99. Clipper Realty Inc. has a twelve month low of $2.69 and a twelve month high of $4.34.

Clipper Realty Announces Dividend

The business 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 $0.095 per share. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 11.1%. Clipper Realty's dividend payout ratio is -40.86%.

Analyst Upgrades and Downgrades

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

Institutional Trading of Clipper Realty

Large investors have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Clipper Realty in the second quarter valued at $412,000. BlackRock Inc. purchased a new stake in shares of Clipper Realty in the 2nd quarter worth about $297,000. GSA Capital Partners LLP purchased a new stake in shares of Clipper Realty in the 2nd quarter worth about $254,000. Equitable Holdings Inc. acquired a new stake in Clipper Realty in the 2nd quarter valued at about $58,000. Finally, Bank of New York Mellon Corp purchased a new position in Clipper Realty during the 2nd quarter valued at about $31,000. Institutional investors and hedge funds own 37.57% of the company's stock.

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.

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