Sam Levinson Acquires 86,983 Shares of Clipper Realty (NYSE:CLPR) Stock

Key Points

• Director Sam Levinson bought 86,983 Clipper Realty shares at an average $3.15 per share, increasing his direct holdings by 56.2% to 241,747 shares. He also made several additional purchases during the week.
• Clipper Realty shares recently traded at $3.23, while the company declared a quarterly dividend of $0.095 per share, equating to an annualized yield of approximately 11.8%.
• Analyst sentiment remains cautious: Wall Street Zen downgraded the stock to “sell,” while the broader consensus rating is “hold.” Institutional investors own 37.57% of the company.

Clipper Realty Inc. (NYSE:CLPR - Get Free Report) Director Sam Levinson acquired 86,983 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The stock was acquired at an average price of $3.15 per share, for a total transaction of $273,996.45. Following the completion of the acquisition, the director directly owned 241,747 shares of the company's stock, valued at $761,503.05. The trade was a 56.20% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Thursday, August 20th, Sam Levinson bought 2,392 shares of Clipper Realty stock. The shares were acquired at an average cost of $3.19 per share, with a total value of $7,630.48.
• On Wednesday, August 19th, Sam Levinson bought 9,260 shares of Clipper Realty stock. The stock was acquired at an average price of $3.14 per share, for a total transaction of $29,076.40.
• On Friday, August 14th, Sam Levinson purchased 3,945 shares of Clipper Realty stock. The stock was acquired at an average cost of $3.29 per share, for a total transaction of $12,979.05.
• On Thursday, August 13th, Sam Levinson purchased 81,647 shares of Clipper Realty stock. The shares were acquired at an average price of $3.21 per share, with a total value of $262,086.87.
• On Wednesday, August 12th, Sam Levinson bought 69,172 shares of Clipper Realty stock. The shares were bought at an average cost of $3.09 per share, with a total value of $213,741.48.

Clipper Realty Stock Performance

Shares of Clipper Realty stock traded up $0.07 on Thursday, reaching $3.23. The company had a trading volume of 35,719 shares, compared to its average volume of 84,604. The firm's 50 day moving average price is $2.96 and its two-hundred day moving average price is $3.12. Clipper Realty Inc. has a 52-week low of $2.69 and a 52-week high of $4.61. The firm has a market cap of $52.20 million, a PE ratio of -3.47 and a beta of 0.97.

Clipper Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Tuesday, August 18th will be paid a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 11.8%. The ex-dividend date is Tuesday, August 18th. Clipper Realty's dividend payout ratio is -40.86%.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Clipper Realty from a "hold" rating to a "sell" rating in a research note on Sunday, May 31st. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of "Hold".

Institutional Investors Weigh In On Clipper Realty

Large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp purchased a new position in Clipper Realty in the 2nd quarter valued at approximately $31,000. Virtu Financial LLC purchased a new stake in shares of Clipper Realty during the fourth quarter worth $42,000. Russell Investments Group Ltd. increased its position in shares of Clipper Realty by 161.4% during the third quarter. Russell Investments Group Ltd. now owns 12,673 shares of the company's stock worth $48,000 after acquiring an additional 7,824 shares during the period. Abel Hall LLC acquired a new stake in shares of Clipper Realty in the third quarter valued at $52,000. Finally, Equitable Holdings Inc. acquired a new stake in shares of Clipper Realty in the second quarter valued at $58,000. 37.57% of the stock is owned by hedge funds and other institutional investors.

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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