Clipper Realty (NYSE:CLPR) COO Purchases $246,225.00 in Stock

Clipper Realty Inc. (NYSE:CLPR – Get Free Report) COO Jacob Bistricer purchased 73,500 shares of the stock in a transaction dated Monday, September 28th. The shares were bought at an average cost of $3.35 per share, for a total transaction of $246,225.00. Following the completion of the purchase, the chief operating officer owned 73,500 shares in the company, valued at approximately $246,225. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Clipper Realty Price Performance

NYSE:CLPR opened at $3.12 on Friday. The firm has a 50-day moving average of $3.19 and a two-hundred day moving average of $3.12. The stock has a market cap of $50.46 million, a P/E ratio of -3.36 and a beta of 1.00. Clipper Realty Inc. has a 1-year low of $2.69 and a 1-year high of $4.32.

Clipper Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Tuesday, August 18th were paid a dividend of $0.0950 per share. This represents a $0.38 annualized dividend and a dividend yield of 12.2%. The ex-dividend date was Tuesday, August 18th. Clipper Realty’s dividend payout ratio is -40.86%.

Institutional Trading of Clipper Realty

Several institutional investors have recently added to or reduced their stakes in CLPR. Bank of New York Mellon Corp bought a new position in Clipper Realty during the 2nd quarter valued at $31,000. Equitable Holdings Inc. bought a new stake in shares of Clipper Realty in the 2nd quarter worth about $58,000. GSA Capital Partners LLP acquired a new stake in shares of Clipper Realty in the 2nd quarter valued at about $254,000. BlackRock Inc. acquired a new stake in shares of Clipper Realty in the 2nd quarter valued at about $297,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Clipper Realty during the second quarter worth about $412,000. 37.57% of the stock is owned by institutional investors and hedge funds.

Clipper Realty Company Profile

(Get Free Report)

Clipper Realty Inc (NYSE: CLPR) is a self-administered and self-managed real estate investment trust focused on owning, operating, and selectively acquiring multifamily residential properties in New York City. The company’s business is centered on generating rental income from apartment communities and managing the properties in its portfolio.

Clipper Realty’s portfolio has historically included residential properties in Manhattan and Brooklyn, including large apartment communities and multifamily buildings in established New York City neighborhoods.

Further Reading

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

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