Clipper Realty (NYSE:CLPR) Director Buys $29,076.40 in Stock

Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson acquired 9,260 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were acquired at an average cost of $3.14 per share, for a total transaction of $29,076.40. Following the completion of the acquisition, the director owned 251,007 shares of the company’s stock, valued at approximately $788,161.98. The trade was a 3.83% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, August 20th, Sam Levinson bought 2,392 shares of Clipper Realty stock. The stock was acquired at an average price of $3.19 per share, with a total value of $7,630.48.
• On Tuesday, August 18th, Sam Levinson purchased 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 shares were acquired at an average price 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, for a total transaction of $262,086.87.
• On Wednesday, August 12th, Sam Levinson acquired 69,172 shares of Clipper Realty stock. The stock was acquired at an average cost of $3.09 per share, with a total value of $213,741.48.

Clipper Realty Trading Up 1.5%

Clipper Realty stock opened at $3.28 on Friday. Clipper Realty Inc. has a 1-year low of $2.69 and a 1-year high of $4.61. The firm has a market capitalization of $53.00 million, a price-to-earnings ratio of -3.53 and a beta of 0.97. The firm has a 50 day simple moving average of $2.96 and a 200 day simple moving average of $3.12.

Clipper Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Tuesday, August 18th will be given a $0.095 dividend. The ex-dividend date is Tuesday, August 18th. This represents a $0.38 annualized dividend and a dividend yield of 11.6%. Clipper Realty’s payout ratio is -40.86%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Cubist Systematic Strategies LLC purchased a new stake in shares of Clipper Realty in the first quarter worth $193,000. AQR Capital Management LLC boosted its stake in Clipper Realty by 12.3% during the first 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. grew its position in Clipper Realty by 25.4% during the first quarter. Goldman Sachs Group Inc. now owns 97,027 shares of the company’s stock worth $373,000 after buying an additional 19,640 shares in the last quarter. Jane Street Group LLC grew its position in Clipper Realty by 56.4% during the first 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 in the last quarter. Finally, Geode Capital Management LLC increased its stake in Clipper Realty by 9.3% in the 2nd quarter. Geode Capital Management LLC now owns 333,970 shares of the company’s stock worth $1,226,000 after acquiring an additional 28,385 shares during the last quarter. 37.57% of the stock is currently owned by hedge funds and other institutional investors.

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, According to MarketBeat.com, the stock currently has an average 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.