Clipper Realty (NYSE:CLPR) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Clipper Realty Inc. (NYSE:CLPR) crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $3.19 and traded as high as $3.27. Clipper Realty shares last traded at $3.2240, with a volume of 18,732 shares.

Clipper Realty Price Performance

The company has a market capitalization of $52.10 million, a price-to-earnings ratio of -3.47 and a beta of 1.00. The firm’s fifty day moving average price is $3.24 and its 200-day moving average price is $3.19.

Clipper Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Tuesday, August 18th were given a dividend of $0.0950 per share. The ex-dividend date was Tuesday, August 18th. This represents a $0.38 dividend on an annualized basis and a yield of 11.8%. Clipper Realty’s payout ratio is currently -40.86%.

Insider Transactions at Clipper Realty

In other news, COO Jacob Bistricer purchased 73,500 shares of the business’s stock in a transaction dated Monday, September 28th. The shares were purchased at an average cost of $3.35 per share, with a total value of $246,225.00. Following the completion of the purchase, the chief operating officer owned 73,500 shares of the company’s stock, valued at $246,225. This trade represents a ? increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Sam Levinson purchased 110,710 shares of the business’s stock in a transaction dated Wednesday, September 9th. The shares were purchased at an average cost of $3.31 per share, for a total transaction of $366,450.10. Following the completion of the purchase, the director directly owned 379,014 shares of the company’s stock, valued at approximately $1,254,536.34. This represents a 41.26% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders acquired 484,521 shares of company stock valued at $1,567,874. Insiders own 54.59% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CLPR. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Clipper Realty during the 2nd quarter worth approximately $412,000. BlackRock Inc. acquired a new position in shares of Clipper Realty during the second quarter worth $297,000. GSA Capital Partners LLP bought a new stake in shares of Clipper Realty in the second quarter worth $254,000. Equitable Holdings Inc. bought a new stake in shares of Clipper Realty in the second quarter worth $58,000. Finally, Bank of New York Mellon Corp acquired a new stake in Clipper Realty in the second quarter valued at $31,000. Institutional investors and hedge funds own 37.57% of the company’s stock.

Clipper Realty Company Profile

Clipper Realty Inc is a self-administered and self-managed real estate investment trust that owns, operates and develops multifamily residential properties in New York City. The company focuses primarily on apartment communities in Manhattan and Brooklyn, serving residents through rental housing and related property-management services.

Clipper Realty’s business includes acquiring well-located residential properties, managing day-to-day operations, maintaining buildings and apartments, and pursuing renovations or other improvements intended to enhance its properties.