Key Points
- Insider purchases: Director Sam Levinson bought a total of 58,263 Clipper Realty shares across Dec. 29–31 (including 19,558 on Dec. 30), spending about $216,184 and increasing his stake to 79,410 shares — a 32.68% ownership rise.
- Clipper Realty is a small‑cap REIT (market cap ~$61.9M) trading near its one‑year low, recently beat quarterly EPS estimates, and pays a high annualized dividend (~9.9%) despite a negative P/E and a currently negative payout ratio, signaling yield but financial caution.
Clipper Realty Inc. (NYSE:CLPR - Get Free Report) Director Sam Levinson acquired 2,793 shares of the firm's stock in a transaction dated Wednesday, December 31st. The stock was bought at an average price of $3.79 per share, with a total value of $10,585.47. Following the purchase, the director directly owned 82,203 shares in the company, valued at approximately $311,549.37. This trade represents a 3.52% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Sam Levinson also recently made the following trade(s):
- On Tuesday, December 30th, Sam Levinson bought 19,558 shares of Clipper Realty stock. The stock was purchased at an average cost of $3.70 per share, for a total transaction of $72,364.60.
- On Monday, December 29th, Sam Levinson purchased 33,494 shares of Clipper Realty stock. The stock was purchased at an average price of $3.71 per share, with a total value of $124,262.74.
- On Monday, December 29th, Sam Levinson purchased 2,418 shares of Clipper Realty stock. The shares were purchased at an average price of $3.71 per share, with a total value of $8,970.78.
Clipper Realty Trading Up 1.1%
Shares of CLPR opened at $3.83 on Thursday. The firm has a market capitalization of $61.85 million, a price-to-earnings ratio of -3.42 and a beta of 1.01. The firm's fifty day simple moving average is $3.65 and its 200-day simple moving average is $3.86. Clipper Realty Inc. has a twelve month low of $3.31 and a twelve month high of $5.16.
Clipper Realty (NYSE:CLPR - Get Free Report) last posted its earnings results on Thursday, November 13th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.10 by $0.03. The business had revenue of $37.70 million during the quarter, compared to analysts' expectations of $37.90 million. On average, analysts predict that Clipper Realty Inc. will post 0.39 earnings per share for the current fiscal year.
Clipper Realty Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Wednesday, November 26th were paid a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 9.9%. The ex-dividend date was Wednesday, November 26th. Clipper Realty's dividend payout ratio is currently -33.93%.
Analyst Upgrades and Downgrades
Separately, Zacks Research downgraded shares of Clipper Realty from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 9th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of "Hold".
Get Our Latest Stock Analysis on Clipper Realty
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake in Clipper Realty by 12.3% in the first quarter. AQR Capital Management LLC now owns 22,698 shares of the company's stock valued at $87,000 after buying an additional 2,491 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Clipper Realty by 35.5% in the 1st quarter. Russell Investments Group Ltd. now owns 11,194 shares of the company's stock valued at $43,000 after acquiring an additional 2,930 shares during the period. Dimensional Fund Advisors LP raised its position 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 purchasing an additional 4,375 shares during the last quarter. Brookwood Investment Group LLC boosted its stake in Clipper Realty by 6.1% during the 3rd quarter. Brookwood Investment Group LLC now owns 79,127 shares of the company's stock worth $301,000 after purchasing an additional 4,545 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Clipper Realty by 21.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 38,207 shares of the company's stock worth $147,000 after purchasing an additional 6,638 shares during the last quarter. Institutional investors and hedge funds own 37.57% of the company's stock.
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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