Clipper Realty (NYSE:CLPR) Director Sam Levinson Buys 81,647 Shares

Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson acquired 81,647 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were purchased at an average cost of $3.21 per share, for a total transaction of $262,086.87. Following the completion of the acquisition, the director directly owned 150,819 shares in the company, valued at approximately $484,128.99. The trade was a 118.03% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, August 14th, Sam Levinson bought 3,945 shares of Clipper Realty stock. The stock was purchased at an average price of $3.29 per share, with a total value of $12,979.05.
• On Wednesday, August 12th, Sam Levinson bought 69,172 shares of Clipper Realty stock. The stock was purchased at an average price of $3.09 per share, with a total value of $213,741.48.

Clipper Realty Price Performance

CLPR opened at $3.32 on Friday. The company’s 50-day moving average is $2.96 and its 200 day moving average is $3.13. Clipper Realty Inc. has a fifty-two week low of $2.69 and a fifty-two week high of $4.61. The firm has a market capitalization of $53.66 million, a P/E ratio of -3.57 and a beta of 0.97.

Clipper Realty (NYSE:CLPR) last released its quarterly 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 for the quarter, compared to analyst estimates of $39.60 million. On average, equities research analysts expect that Clipper Realty Inc. will post 0.26 earnings per share for the current year.

Clipper Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Tuesday, August 18th will be given a dividend of $0.095 per share. 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 (DPR) is presently -40.86%.

Institutional Investors Weigh In On Clipper Realty

A number of hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp purchased a new position in Clipper Realty in the second quarter valued at approximately $31,000. Virtu Financial LLC bought a new stake in shares of Clipper Realty in the fourth quarter valued at $42,000. Russell Investments Group Ltd. lifted 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 buying an additional 7,824 shares during the last quarter. Abel Hall LLC bought a new position in shares of Clipper Realty during the 3rd quarter worth $52,000. Finally, Wells Fargo & Company MN grew its stake in shares of Clipper Realty by 48.0% during the 4th quarter. Wells Fargo & Company MN now owns 15,485 shares of the company’s stock worth $59,000 after acquiring an additional 5,023 shares during the period. Institutional investors own 37.57% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Clipper Realty from a “hold” rating to a “sell” rating in a research note on Sunday, May 31st. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company 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.