Sam Levinson Buys 2,793 Shares of Clipper Realty (NYSE:CLPR) Stock

Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson purchased 2,793 shares of the stock in a transaction dated Wednesday, December 31st. The shares were purchased at an average cost of $3.79 per share, for a total transaction of $10,585.47. Following the completion of the acquisition, the director directly owned 82,203 shares in the company, valued at approximately $311,549.37. This trade represents a 3.52% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, December 30th, Sam Levinson bought 19,558 shares of Clipper Realty stock. The stock was purchased at an average cost of $3.70 per share, for a total transaction of $72,364.60.
• On Monday, December 29th, Sam Levinson purchased 33,494 shares of Clipper Realty stock. The shares were acquired at an average cost of $3.71 per share, with a total value of $124,262.74.
• On Monday, December 29th, Sam Levinson acquired 2,418 shares of Clipper Realty stock. The stock was acquired at an average price of $3.71 per share, for a total transaction of $8,970.78.

Clipper Realty Price Performance

Shares of CLPR traded up $0.04 on Wednesday, reaching $3.83. The company’s stock had a trading volume of 104,929 shares, compared to its average volume of 95,694. The stock’s 50 day simple moving average is $3.66 and its two-hundred day simple moving average is $3.86. The stock has a market capitalization of $61.84 million, a P/E ratio of -3.42 and a beta of 1.01. Clipper Realty Inc. has a 12-month low of $3.31 and a 12-month high of $5.16.

Clipper Realty (NYSE:CLPR) last announced its earnings results on Thursday, November 13th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $37.70 million for the quarter, compared to analysts’ expectations of $37.90 million. Analysts expect that Clipper Realty Inc. will post 0.39 earnings per share for the current year.

Clipper Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Wednesday, November 26th were issued a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 9.9%. The ex-dividend date of this dividend was Wednesday, November 26th. Clipper Realty’s dividend payout ratio (DPR) is currently -33.93%.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Clipper Realty from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 9th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Institutional Trading of Clipper Realty

Several institutional investors and hedge funds have recently added to or reduced their stakes in CLPR. Penserra Capital Management LLC bought a new stake in Clipper Realty in the second quarter worth $955,000. Russell Investments Group Ltd. lifted its position in Clipper Realty by 35.5% during the first quarter. Russell Investments Group Ltd. now owns 11,194 shares of the company’s stock valued at $43,000 after purchasing an additional 2,930 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Clipper Realty by 28.1% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 127,137 shares of the company’s stock worth $467,000 after buying an additional 27,908 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Clipper Realty by 25.4% in the 1st 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 during the last quarter. Finally, Ritholtz Wealth Management increased its holdings in shares of Clipper Realty by 21.6% in the 2nd quarter. Ritholtz Wealth Management now owns 81,118 shares of the company’s stock worth $298,000 after buying an additional 14,387 shares during the last quarter. Institutional investors own 37.57% of the company’s stock.

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.