Clipper Realty Inc. (NYSE:CLPR – Get Free Report) Director Sam Levinson acquired 3,945 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were purchased at an average cost of $3.29 per share, for a total transaction of $12,979.05. Following the purchase, the director directly owned 154,764 shares in the company, valued at approximately $509,173.56. This trade represents a 2.62% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Sam Levinson also recently made the following trade(s):
- On Thursday, August 13th, Sam Levinson purchased 81,647 shares of Clipper Realty stock. The shares were purchased at an average cost of $3.21 per share, for a total transaction of $262,086.87.
- On Wednesday, August 12th, Sam Levinson purchased 69,172 shares of Clipper Realty stock. The shares were purchased at an average price of $3.09 per share, for a total transaction of $213,741.48.
Clipper Realty Stock Up 1.3%
Shares of NYSE:CLPR traded up $0.04 during trading on Friday, reaching $3.32. 80,381 shares of the company’s stock traded hands, compared to its average volume of 83,300. The firm has a market cap of $53.67 million, a PE ratio of -3.57 and a beta of 0.97. Clipper Realty Inc. has a fifty-two week low of $2.69 and a fifty-two week high of $4.61. The company has a 50-day simple moving average of $2.96 and a 200-day simple moving average of $3.13.
Clipper Realty Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Tuesday, August 18th will be paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 11.4%. The ex-dividend date of this dividend is Tuesday, August 18th. Clipper Realty’s payout ratio is -40.86%.
Institutional Investors Weigh In On Clipper Realty
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC lifted its position in Clipper Realty by 12.3% during the first quarter. AQR Capital Management LLC now owns 22,698 shares of the company’s stock worth $87,000 after buying an additional 2,491 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Clipper Realty by 3.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 147,119 shares of the company’s stock valued at $559,000 after buying an additional 4,375 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Clipper Realty by 48.0% in 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 last quarter. Russell Investments Group Ltd. increased its stake in shares of Clipper Realty by 161.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 12,673 shares of the company’s stock worth $48,000 after acquiring an additional 7,824 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Clipper Realty by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 339,418 shares of the company’s stock worth $1,297,000 after acquiring an additional 8,738 shares during the last quarter. Institutional investors and hedge funds own 37.57% of the company’s stock.
Analysts Set New Price Targets
Separately, Wall Street Zen downgraded shares of Clipper Realty from a “hold” rating to a “sell” rating in a research note on Sunday, May 31st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Clipper Realty has an average rating of “Hold”.
View Our Latest Analysis on CLPR
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.
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