Sam Levinson Buys 69,172 Shares of Clipper Realty (NYSE:CLPR) Stock

Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson purchased 69,172 shares of Clipper Realty stock in a transaction on Wednesday, August 12th. The stock was bought at an average cost of $3.09 per share, with a total value of $213,741.48. Following the transaction, the director directly owned 69,172 shares of the company’s stock, valued at approximately $213,741.48. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Friday, August 14th, Sam Levinson purchased 3,945 shares of Clipper Realty stock. The shares were bought at an average price of $3.29 per share, with a total value of $12,979.05.
• On Thursday, August 13th, Sam Levinson acquired 81,647 shares of Clipper Realty stock. The shares were bought at an average cost of $3.21 per share, for a total transaction of $262,086.87.

Clipper Realty Stock Performance

Shares of CLPR stock opened at $3.32 on Friday. The stock’s 50 day simple moving average is $2.96 and its 200 day simple moving average is $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 price-to-earnings ratio of -3.57 and a beta of 0.97.

Clipper Realty (NYSE:CLPR) last posted its earnings results on Thursday, May 14th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.39). The company had revenue of $38.12 million during the quarter, compared to analysts’ expectations of $39.60 million. On average, analysts forecast 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 given a $0.095 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 11.4%. Clipper Realty’s dividend payout ratio (DPR) is currently -40.86%.

Hedge Funds Weigh In On Clipper Realty

A number of institutional investors have recently made changes to their positions in CLPR. Virtu Financial LLC acquired a new stake in Clipper Realty in the 4th quarter worth $42,000. Bank of New York Mellon Corp acquired a new position in shares of Clipper Realty during the second quarter valued at about $31,000. Russell Investments Group Ltd. raised its position in shares of Clipper Realty by 161.4% during the third quarter. Russell Investments Group Ltd. now owns 12,673 shares of the company’s stock valued at $48,000 after buying an additional 7,824 shares during the last quarter. Abel Hall LLC bought a new stake in shares of Clipper Realty in the third quarter valued at about $52,000. Finally, Wells Fargo & Company MN lifted its stake in shares of Clipper Realty by 48.0% in the fourth quarter. Wells Fargo & Company MN now owns 15,485 shares of the company’s stock valued at $59,000 after buying an additional 5,023 shares during the period. 37.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of 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 data from MarketBeat, Clipper Realty currently has an average rating of “Hold”.

About Clipper Realty

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.