Sam Levinson Buys 3,945 Shares of Clipper Realty (NYSE:CLPR) Stock

Key Points

• Director Sam Levinson purchased 3,945 Clipper Realty shares at an average price of $3.29, increasing his direct holdings by 2.62% to 154,764 shares. He also bought more than 150,000 shares in two prior transactions.
• Clipper Realty shares traded at $3.32, with a market capitalization of approximately $53.7 million. The company recently missed quarterly earnings and revenue expectations, reporting a loss of $0.30 per share versus the $0.09 consensus estimate.
• The company declared a quarterly dividend of $0.095 per share, equivalent to a $0.38 annualized payout and an 11.4% yield. Wall Street’s consensus rating is currently Hold, while Wall Street Zen downgraded the stock to “Sell.”

Clipper Realty Inc. (NYSE:CLPR - Get Free Report) Director Sam Levinson purchased 3,945 shares of the business's stock in a transaction on Friday, August 14th. The stock was purchased at an average cost of $3.29 per share, for a total transaction of $12,979.05. Following the completion of the acquisition, the director directly owned 154,764 shares of the company's stock, valued at approximately $509,173.56. The trade was a 2.62% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, August 13th, Sam Levinson acquired 81,647 shares of Clipper Realty stock. The stock was acquired at an average cost 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 acquired at an average price of $3.09 per share, for a total transaction of $213,741.48.

Clipper Realty Stock Performance

NYSE:CLPR traded up $0.04 during mid-day trading on Friday, hitting $3.32. 80,381 shares of the company's stock traded hands, compared to its average volume of 83,300. The company has a fifty day moving average of $2.96 and a 200 day moving average of $3.13. Clipper Realty Inc. has a twelve month low of $2.69 and a twelve month high of $4.61. The company has a market capitalization of $53.67 million, a P/E ratio of -3.57 and a beta of 0.97.

Clipper Realty (NYSE:CLPR - Get Free Report) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.39). The firm had revenue of $38.12 million for the quarter, compared to analysts' expectations of $39.60 million. On average, research analysts expect that Clipper Realty Inc. will post 0.26 earnings per share for the current fiscal year.

Clipper Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Tuesday, August 18th will be paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 11.4%. The ex-dividend date is Tuesday, August 18th. Clipper Realty's payout ratio is presently -40.86%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Clipper Realty

A number of institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its holdings in shares of Clipper Realty by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 339,418 shares of the company's stock valued at $1,297,000 after acquiring an additional 8,738 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Clipper Realty during the second quarter valued at $412,000. Dimensional Fund Advisors LP boosted its holdings in Clipper Realty by 3.1% in the third quarter. Dimensional Fund Advisors LP now owns 147,119 shares of the company's stock valued at $559,000 after purchasing an additional 4,375 shares during the last quarter. Jane Street Group LLC grew its position in Clipper Realty by 56.4% during the 1st quarter. Jane Street Group LLC now owns 142,027 shares of the company's stock worth $545,000 after purchasing an additional 51,231 shares during the period. Finally, BlackRock Inc. purchased a new position in shares of Clipper Realty during the 2nd quarter valued at about $297,000. 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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