Clipper Realty (NYSE:CLPR) Director Buys $124,262.74 in Stock

by · The Markets Daily

Clipper Realty Inc. (NYSE:CLPRGet Free Report) Director Sam Levinson purchased 33,494 shares of the firm’s stock in a transaction on Monday, December 29th. The shares were acquired at an average cost of $3.71 per share, with a total value of $124,262.74. Following the completion of the acquisition, the director directly owned 57,099 shares in the company, valued at $211,837.29. The trade was a 141.89% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

  • On Wednesday, December 31st, Sam Levinson purchased 2,793 shares of Clipper Realty stock. The stock was acquired at an average cost of $3.79 per share, with a total value of $10,585.47.
  • On Tuesday, December 30th, Sam Levinson bought 19,558 shares of Clipper Realty stock. The stock was bought at an average price of $3.70 per share, with a total value of $72,364.60.
  • On Monday, December 29th, Sam Levinson bought 2,418 shares of Clipper Realty stock. The stock was bought at an average cost of $3.71 per share, for a total transaction of $8,970.78.

Clipper Realty Trading Up 1.1%

NYSE:CLPR traded up $0.04 during midday trading on Wednesday, hitting $3.83. 103,009 shares of the company were exchanged, compared to its average volume of 95,694. Clipper Realty Inc. has a fifty-two week low of $3.31 and a fifty-two week high of $5.16. The company has a market capitalization of $61.84 million, a PE ratio of -3.42 and a beta of 1.01. The company has a fifty day simple moving average of $3.66 and a 200 day simple moving average of $3.86.

Clipper Realty (NYSE:CLPRGet Free Report) last released its quarterly earnings data on Thursday, November 13th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. The company had revenue of $37.70 million during the quarter, compared to analyst estimates of $37.90 million. As a group, equities research analysts expect that Clipper Realty Inc. will post 0.39 EPS for the current year.

Clipper Realty Announces Dividend

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

Institutional Trading of Clipper Realty

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in shares of Clipper Realty by 9.3% in the 2nd quarter. Geode Capital Management LLC now owns 333,970 shares of the company’s stock worth $1,226,000 after acquiring an additional 28,385 shares during the period. Penserra Capital Management LLC lifted its holdings in Clipper Realty by 3.5% in the 3rd quarter. Penserra Capital Management LLC now owns 269,444 shares of the company’s stock valued at $1,023,000 after purchasing an additional 9,131 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Clipper Realty by 3.1% during the third quarter. Dimensional Fund Advisors LP now owns 147,119 shares of the company’s stock worth $559,000 after acquiring an additional 4,375 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Clipper Realty by 56.4% during the first quarter. Jane Street Group LLC now owns 142,027 shares of the company’s stock worth $545,000 after purchasing an additional 51,231 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in 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 valued at $467,000 after buying an additional 27,908 shares during the period. Hedge funds and other institutional investors own 37.57% of the company’s stock.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Research Report on Clipper Realty

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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