Clipper Realty Inc. (NYSE:CLPR – Get Free Report) shares crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $3.19 and traded as high as $3.27. Clipper Realty shares last traded at $3.2240, with a volume of 18,732 shares trading hands.
Clipper Realty Stock Performance
The stock has a fifty day moving average of $3.24 and a 200 day moving average of $3.19. The company has a market capitalization of $52.10 million, a PE ratio of -3.47 and a beta of 1.00.
Clipper Realty Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Tuesday, August 18th were paid a dividend of $0.0950 per share. This represents a $0.38 annualized dividend and a yield of 11.8%. The ex-dividend date of this dividend was Tuesday, August 18th. Clipper Realty’s dividend payout ratio (DPR) is presently -40.86%.
Insider Buying and Selling at Clipper Realty
In related news, COO Jacob Bistricer purchased 73,500 shares of the firm’s stock in a transaction on Monday, September 28th. The shares were acquired at an average price of $3.35 per share, for a total transaction of $246,225.00. Following the purchase, the chief operating officer directly owned 73,500 shares in the company, valued at $246,225. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sam Levinson acquired 110,710 shares of the company’s stock in a transaction on Wednesday, September 9th. The shares were bought at an average cost of $3.31 per share, with a total value of $366,450.10. Following the acquisition, the director directly owned 379,014 shares in the company, valued at approximately $1,254,536.34. The trade was a 41.26% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 484,521 shares of company stock valued at $1,567,874 over the last ninety days. 54.59% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Clipper Realty
A number of hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp purchased a new position in shares of Clipper Realty during the second quarter valued at approximately $31,000. Equitable Holdings Inc. purchased a new stake in shares of Clipper Realty in the second quarter worth approximately $58,000. GSA Capital Partners LLP purchased a new stake in shares of Clipper Realty in the second quarter worth approximately $254,000. BlackRock Inc. purchased a new stake in shares of Clipper Realty in the second quarter worth approximately $297,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Clipper Realty during the 2nd quarter worth approximately $412,000. 37.57% of the stock is currently owned by hedge funds and other institutional investors.
About Clipper Realty
Clipper Realty Inc is a self-administered and self-managed real estate investment trust that owns, operates and develops multifamily residential properties in New York City. The company focuses primarily on apartment communities in Manhattan and Brooklyn, serving residents through rental housing and related property-management services.
Clipper Realty’s business includes acquiring well-located residential properties, managing day-to-day operations, maintaining buildings and apartments, and pursuing renovations or other improvements intended to enhance its properties.
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