Key Points
- Clipper Realty director Sam Levinson bought 86,983 shares at an average price of $3.15, investing approximately $274,000 and increasing his direct ownership by 56.2% to 241,747 shares.
- Levinson made several additional purchases in August, bringing his recent buying activity to more than 253,000 shares. Clipper Realty’s stock opened at $3.23, with a market capitalization of about $52.2 million.
- The company declared a quarterly dividend of $0.095 per share, or $0.38 annualized, representing an 11.8% yield. Despite the dividend, analyst sentiment remains cautious: the consensus rating is “Hold,” while Wall Street Zen downgraded the stock to “Sell.”
Clipper Realty Inc. (NYSE:CLPR - Get Free Report) Director Sam Levinson bought 9,260 shares of the firm's stock in a transaction that occurred on Wednesday, August 19th. The stock was purchased at an average cost of $3.14 per share, with a total value of $29,076.40. Following the completion of the transaction, the director owned 251,007 shares in the company, valued at approximately $788,161.98. This trade represents a 3.83% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Sam Levinson also recently made the following trade(s):
- On Thursday, August 20th, Sam Levinson purchased 2,392 shares of Clipper Realty stock. The shares were acquired at an average price of $3.19 per share, with a total value of $7,630.48.
- On Tuesday, August 18th, Sam Levinson bought 86,983 shares of Clipper Realty stock. The stock was acquired at an average cost of $3.15 per share, with a total value of $273,996.45.
- On Friday, August 14th, Sam Levinson purchased 3,945 shares of Clipper Realty stock. The shares were bought at an average cost of $3.29 per share, for a total transaction of $12,979.05.
- On Thursday, August 13th, Sam Levinson acquired 81,647 shares of Clipper Realty stock. The shares were bought at an average cost of $3.21 per share, with a total value of $262,086.87.
- On Wednesday, August 12th, Sam Levinson bought 69,172 shares of Clipper Realty stock. The stock was bought at an average cost of $3.09 per share, for a total transaction of $213,741.48.
Clipper Realty Price Performance
Shares of NYSE CLPR opened at $3.23 on Friday. The stock has a fifty day moving average price of $2.96 and a 200 day moving average price of $3.12. Clipper Realty Inc. has a 1-year low of $2.69 and a 1-year high of $4.61. The company has a market cap of $52.19 million, a PE ratio of -3.47 and a beta of 0.97.
Clipper Realty Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders 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 dividend yield of 11.8%. The ex-dividend date is Tuesday, August 18th. Clipper Realty's payout ratio is -40.86%.
Institutional Trading of Clipper Realty
Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp purchased a new position in shares of Clipper Realty during the 2nd quarter worth $31,000. Virtu Financial LLC acquired a new stake in Clipper Realty in the 4th quarter worth about $42,000. Russell Investments Group Ltd. grew its holdings in Clipper Realty by 161.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 12,673 shares of the company's stock valued at $48,000 after buying an additional 7,824 shares during the period. Abel Hall LLC acquired a new position in shares of Clipper Realty during the 3rd quarter valued at about $52,000. Finally, Equitable Holdings Inc. purchased a new position in shares of Clipper Realty during the 2nd quarter worth about $58,000. 37.57% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, Wall Street Zen lowered Clipper Realty from a "hold" rating to a "sell" rating in a report on Sunday, May 31st. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Clipper Realty presently has a consensus rating of "Hold".
View Our Latest Research Report on CLPR
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.
Further Reading

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