Key Points
- Director Sam Levinson bought 5,387 Clipper Realty shares at $3.25 each, investing $17,507.75 and increasing his direct ownership by 2.1% to 261,462 shares. He has made several additional purchases since mid-August.
- Clipper Realty shares opened at $3.27, with the company valued at approximately $52.76 million. The stock trades between a 52-week range of $2.69 to $4.52 and has a quarterly dividend of $0.095 per share, implying an annualized yield of 11.6%.
- Wall Street Zen downgraded the stock to “sell,” while the broader analyst consensus remains “hold.” Institutional investors and hedge funds own 37.57% of the company.
Clipper Realty Inc. (NYSE:CLPR - Get Free Report) Director Sam Levinson acquired 5,387 shares of the firm's stock in a transaction that occurred on Wednesday, September 2nd. The stock was bought at an average cost of $3.25 per share, with a total value of $17,507.75. Following the completion of the transaction, the director directly owned 261,462 shares in the company, valued at $849,751.50. The trade was a 2.10% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Sam Levinson also recently made the following trade(s):
- On Tuesday, September 1st, Sam Levinson purchased 934 shares of Clipper Realty stock. The shares were bought at an average price of $3.20 per share, for a total transaction of $2,988.80.
- On Monday, August 31st, Sam Levinson purchased 1,742 shares of Clipper Realty stock. The stock was bought at an average cost of $3.25 per share, with a total value of $5,661.50.
- On Thursday, August 20th, Sam Levinson acquired 2,392 shares of Clipper Realty stock. The shares were bought at an average price of $3.19 per share, with a total value of $7,630.48.
- On Wednesday, August 19th, Sam Levinson acquired 9,260 shares of Clipper Realty stock. The shares were bought at an average price of $3.14 per share, with a total value of $29,076.40.
- On Tuesday, August 18th, Sam Levinson acquired 86,983 shares of Clipper Realty stock. The shares were bought at an average cost of $3.15 per share, for a total transaction of $273,996.45.
- On Friday, August 14th, Sam Levinson bought 3,945 shares of Clipper Realty stock. The stock was purchased at an average cost of $3.29 per share, for a total transaction of $12,979.05.
- On Thursday, August 13th, Sam Levinson bought 81,647 shares of Clipper Realty stock. The stock was purchased at an average price of $3.21 per share, with a total value of $262,086.87.
- On Wednesday, August 12th, Sam Levinson purchased 69,172 shares of Clipper Realty stock. The shares were purchased at an average cost of $3.09 per share, with a total value of $213,741.48.
Clipper Realty Stock Performance
Clipper Realty stock opened at $3.27 on Thursday. The business's 50-day simple moving average is $2.99 and its two-hundred day simple moving average is $3.11. The company has a market cap of $52.76 million, a PE ratio of -3.51 and a beta of 0.99. Clipper Realty Inc. has a fifty-two week low of $2.69 and a fifty-two week high of $4.52.
Clipper Realty Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Tuesday, August 18th were issued a dividend of $0.095 per share. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 11.6%. Clipper Realty's payout ratio is -40.86%.
Wall Street Analyst Weigh In
Separately, Wall Street Zen downgraded shares of 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 MarketBeat.com, the company has a consensus rating of "Hold".
Get Our Latest Stock Report on CLPR
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CLPR. JPMorgan Chase & Co. boosted its holdings in Clipper Realty by 209.8% in the third quarter. JPMorgan Chase & Co. now owns 22,300 shares of the company's stock valued at $85,000 after purchasing an additional 15,101 shares during the last quarter. Ameriprise Financial Inc. acquired a new stake in Clipper Realty during the 2nd quarter worth about $70,000. Deutsche Bank AG purchased a new position in shares of Clipper Realty during the 4th quarter valued at about $63,000. Wells Fargo & Company MN raised its stake in shares of Clipper Realty by 48.0% during the 4th quarter. Wells Fargo & Company MN now owns 15,485 shares of the company's stock valued at $59,000 after buying an additional 5,023 shares during the last quarter. Finally, Abel Hall LLC purchased a new position in shares of Clipper Realty during the 3rd quarter valued at about $52,000. 37.57% of the stock is currently owned by institutional investors and hedge funds.
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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