Sam Levinson Purchases 9,260 Shares of Clipper Realty (NYSE:CLPR) Stock

Key Points

• Director Sam Levinson bought 9,260 Clipper Realty shares at an average price of $3.14, increasing his stake by 3.83% to 251,007 shares. He also made several additional purchases in August, totaling hundreds of thousands of shares.
• Clipper Realty shares traded at $3.23, with a $52.2 million market capitalization and a 12-month range of $2.69 to $4.61. The company announced a quarterly dividend of $0.095 per share, representing an annualized yield of approximately 11.8%.
• Analyst sentiment remains cautious: Wall Street Zen downgraded the stock from “hold” to “sell,” while the broader consensus rating is “Hold.” Institutional investors own about 37.6% of the company.

Clipper Realty Inc. (NYSE:CLPR - Get Free Report) Director Sam Levinson acquired 9,260 shares of the firm's stock in a transaction dated Wednesday, August 19th. The stock was purchased at an average cost of $3.14 per share, with a total value of $29,076.40. Following the completion of the acquisition, the director directly owned 251,007 shares of the company's stock, valued at approximately $788,161.98. This trade represents a 3.83% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 price of $3.19 per share, for a total transaction of $7,630.48.
• On Tuesday, August 18th, Sam Levinson bought 86,983 shares of Clipper Realty stock. The stock was acquired at an average cost of $3.15 per share, for a total transaction of $273,996.45.
• On Friday, August 14th, Sam Levinson purchased 3,945 shares of Clipper Realty stock. The stock was acquired at an average price of $3.29 per share, with a total value 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 purchased 69,172 shares of Clipper Realty stock. The shares were acquired at an average price of $3.09 per share, with a total value of $213,741.48.

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Clipper Realty Stock Performance

Clipper Realty stock traded up $0.07 during midday trading on Thursday, hitting $3.23. 35,719 shares of the company's stock were exchanged, compared to its average volume of 84,604. Clipper Realty Inc. has a 12-month low of $2.69 and a 12-month high of $4.61. The stock has a market cap of $52.20 million, a price-to-earnings ratio of -3.47 and a beta of 0.97. The firm's 50 day simple moving average is $2.96 and its 200 day simple moving average is $3.12.

Clipper Realty Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Tuesday, August 18th. This represents a $0.38 annualized dividend and a dividend yield of 11.8%. Clipper Realty's dividend payout ratio is -40.86%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Clipper Realty from a "hold" rating to a "sell" rating in a report on Sunday, May 31st. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Clipper Realty presently has a consensus rating of "Hold".

Institutional Investors Weigh In On Clipper Realty

Several large investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC acquired a new stake in shares of Clipper Realty during the first quarter worth $193,000. AQR Capital Management LLC increased its stake in Clipper Realty by 12.3% in the 1st quarter. AQR Capital Management LLC now owns 22,698 shares of the company's stock valued at $87,000 after buying an additional 2,491 shares during the period. Goldman Sachs Group Inc. increased its stake in Clipper Realty by 25.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 97,027 shares of the company's stock valued at $373,000 after buying an additional 19,640 shares during the period. Jane Street Group LLC raised 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 buying an additional 51,231 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Clipper Realty by 9.3% during the 2nd quarter. Geode Capital Management LLC now owns 333,970 shares of the company's stock worth $1,226,000 after buying an additional 28,385 shares during the last quarter. Hedge funds and other institutional investors 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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