Clipper Realty (NYSE:CLPR) Director Sam Levinson Buys 110,710 Shares

Clipper Realty Inc. (NYSE:CLPRGet Free Report) Director Sam Levinson bought 110,710 shares of the business’s stock in a transaction that occurred on Wednesday, September 9th. The stock was purchased at an average cost of $3.31 per share, for a total transaction of $366,450.10. Following the completion of the transaction, the director directly owned 379,014 shares in the company, valued at approximately $1,254,536.34. This trade represents a 41.26% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Tuesday, September 8th, Sam Levinson purchased 6,842 shares of Clipper Realty stock. The shares were purchased at an average cost of $3.24 per share, with a total value of $22,168.08.
  • On Wednesday, September 2nd, Sam Levinson purchased 5,387 shares of Clipper Realty stock. The shares were purchased at an average price of $3.25 per share, with a total value of $17,507.75.
  • On Tuesday, September 1st, Sam Levinson acquired 934 shares of Clipper Realty stock. The stock was purchased at an average price of $3.20 per share, for a total transaction of $2,988.80.
  • On Monday, August 31st, Sam Levinson acquired 1,742 shares of Clipper Realty stock. The stock was purchased at an average cost of $3.25 per share, for a total transaction of $5,661.50.
  • On Thursday, August 20th, Sam Levinson bought 2,392 shares of Clipper Realty stock. The shares were purchased at an average price of $3.19 per share, with a total value of $7,630.48.
  • On Wednesday, August 19th, Sam Levinson bought 9,260 shares of Clipper Realty stock. The shares were purchased at an average price of $3.14 per share, with a total value of $29,076.40.
  • On Tuesday, August 18th, Sam Levinson bought 86,983 shares of Clipper Realty stock. The shares were acquired at an average cost of $3.15 per share, with a total value of $273,996.45.
  • On Friday, August 14th, Sam Levinson purchased 3,945 shares of Clipper Realty stock. The stock was acquired at an average price of $3.29 per share, for a total transaction of $12,979.05.
  • On Thursday, August 13th, Sam Levinson purchased 81,647 shares of Clipper Realty stock. The shares were acquired 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 acquired at an average cost of $3.09 per share, for a total transaction of $213,741.48.

Clipper Realty Trading Down 0.1%

CLPR traded down $0.01 during trading on Thursday, hitting $3.38. 130,147 shares of the company’s stock were exchanged, compared to its average volume of 82,193. Clipper Realty Inc. has a 1 year low of $2.69 and a 1 year high of $4.46. The stock has a 50 day moving average price of $3.04 and a 200 day moving average price of $3.11. The firm has a market cap of $54.54 million, a P/E ratio of -3.63 and a beta of 0.99.

Clipper Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Tuesday, August 18th were given a $0.095 dividend. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $0.38 annualized dividend and a yield of 11.3%. Clipper Realty’s dividend payout ratio (DPR) is -40.86%.

Institutional Investors Weigh In On Clipper Realty

A number of large investors have recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new position in Clipper Realty in the 4th quarter worth $42,000. Bank of New York Mellon Corp acquired a new stake in shares of Clipper Realty during the second quarter valued at about $31,000. Russell Investments Group Ltd. grew its stake 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 acquiring an additional 7,824 shares in the last quarter. Abel Hall LLC purchased a new stake in shares of Clipper Realty during the third quarter worth about $52,000. Finally, Wells Fargo & Company MN increased its position in shares of Clipper Realty by 48.0% during the fourth 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. 37.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Clipper Realty from a “hold” rating to a “sell” rating in a research report on Sunday, May 31st.

Get Our Latest Stock Report on CLPR

Clipper Realty Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Clipper Realty (NYSE:CLPR)

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