Key Points
- Director Sam Levinson bought 69,172 Clipper Realty shares at an average price of $3.09, worth approximately $213,741. He also acquired 85,592 additional shares in two transactions over the following days.
- Clipper Realty shares opened at $3.32, up 1.3%, while the company reported a quarterly loss of $0.30 per share and revenue of $38.12 million, missing analyst expectations.
- The company declared a quarterly dividend of $0.095 per share, equivalent to an annualized $0.38 dividend and an 11.4% yield. Analysts maintain a consensus “Hold” rating, while Wall Street Zen downgraded the stock to “Sell.”
Clipper Realty Inc. (NYSE:CLPR - Get Free Report) Director Sam Levinson purchased 3,945 shares of Clipper Realty stock in a transaction that occurred on Friday, August 14th. The shares were bought at an average cost of $3.29 per share, for a total transaction of $12,979.05. Following the transaction, the director directly owned 154,764 shares of the company's stock, valued at $509,173.56. This represents a 2.62% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Sam Levinson also recently made the following trade(s):
- On Thursday, August 13th, Sam Levinson acquired 81,647 shares of Clipper Realty stock. The shares were bought at an average price of $3.21 per share, for a total transaction of $262,086.87.
- On Wednesday, August 12th, Sam Levinson acquired 69,172 shares of Clipper Realty stock. The stock was bought at an average cost of $3.09 per share, with a total value of $213,741.48.
Clipper Realty Stock Performance
NYSE:CLPR opened at $3.32 on Friday. The stock has a fifty day moving average price of $2.96 and a 200-day moving average price of $3.13. The company has a market cap of $53.66 million, a price-to-earnings ratio of -3.57 and a beta of 0.97. Clipper Realty Inc. has a fifty-two week low of $2.69 and a fifty-two week high of $4.61.
Clipper Realty (NYSE:CLPR - Get Free Report) last released its earnings results on Thursday, May 14th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.39). The firm had revenue of $38.12 million during the quarter, compared to the consensus estimate of $39.60 million. Research analysts predict that Clipper Realty Inc. will post 0.26 EPS for the current fiscal year.
Clipper Realty Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Tuesday, August 18th will be paid a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 11.4%. The ex-dividend date is Tuesday, August 18th. Clipper Realty's dividend payout ratio is presently -40.86%.
Analysts Set New Price Targets
Separately, Wall Street Zen cut shares of Clipper Realty from a "hold" rating to a "sell" rating in a research report on Sunday, May 31st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of "Hold".
View Our Latest Stock Analysis on CLPR
Institutional Investors Weigh In On Clipper Realty
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Clipper Realty during the 2nd quarter valued at approximately $412,000. BlackRock Inc. acquired a new stake in Clipper Realty in the second quarter valued at approximately $297,000. GSA Capital Partners LLP acquired a new stake in Clipper Realty in the second quarter valued at approximately $254,000. Focus Partners Wealth bought a new stake in shares of Clipper Realty during the third quarter worth $335,000. Finally, ANTIPODES PARTNERS Ltd bought a new stake in shares of Clipper Realty during the fourth quarter worth $202,000. 37.57% of the stock is owned by institutional investors.
About Clipper Realty
(
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
