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

Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson bought 3,945 shares of the company’s stock in a transaction on Friday, August 14th. The shares were bought at an average price of $3.29 per share, for a total transaction of $12,979.05. Following the transaction, the director owned 154,764 shares of the company’s stock, valued at approximately $509,173.56. This represents a 2.62% increase in their ownership of the stock. The transaction 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 13th, Sam Levinson purchased 81,647 shares of Clipper Realty stock. The stock was bought at an average cost 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 stock was bought at an average price of $3.09 per share, with a total value of $213,741.48.

Clipper Realty Stock Performance

NYSE:CLPR opened at $3.32 on Friday. 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 $53.67 million, a price-to-earnings ratio of -3.57 and a beta of 0.97. The business’s fifty day moving average is $2.96 and its 200 day moving average is $3.13.

Clipper Realty (NYSE:CLPR) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.39). The company had revenue of $38.12 million during the quarter, compared to analyst estimates of $39.60 million. Equities analysts predict that Clipper Realty Inc. will post 0.26 EPS for the current fiscal year.

Clipper Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Tuesday, August 18th will be issued a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 11.4%. The ex-dividend date of this dividend is Tuesday, August 18th. Clipper Realty’s dividend payout ratio is presently -40.86%.

Institutional Investors Weigh In On Clipper Realty

Several 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 during the second quarter worth about $31,000. Virtu Financial LLC purchased a new stake in shares of Clipper Realty in the 4th quarter valued at about $42,000. Russell Investments Group Ltd. boosted its position in shares of Clipper Realty by 161.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 12,673 shares of the company’s stock valued at $48,000 after acquiring an additional 7,824 shares during the last quarter. Abel Hall LLC bought a new stake in shares of Clipper Realty during the 3rd quarter valued at about $52,000. Finally, Wells Fargo & Company MN grew its holdings in shares of Clipper Realty by 48.0% during the fourth quarter. Wells Fargo & Company MN now owns 15,485 shares of the company’s stock worth $59,000 after purchasing an additional 5,023 shares in the last quarter. Institutional investors own 37.57% of the company’s stock.

Analyst Ratings Changes

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. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

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.