Clipper Realty (NYSE:CLPR) Director Sam Levinson Acquires 6,842 Shares of Stock

Key Points

  • Director Sam Levinson bought 110,710 Clipper Realty shares at an average price of $3.31, investing $366,450.10 and increasing his position by 41.26% to 379,014 shares. The purchase follows several additional insider buys since August.
  • CLPR opened at $3.38, with a $54.54 million market capitalization and a 12-month trading range of $2.69 to $4.46. The company recently paid a quarterly dividend of $0.095 per share, implying an annualized yield of 11.3%.
  • Wall Street Zen downgraded Clipper Realty from “hold” to “sell,” while institutional investors and hedge funds collectively own 37.57% of the company.

Clipper Realty Inc. (NYSE:CLPR - Get Free Report) Director Sam Levinson acquired 6,842 shares of the company's stock in a transaction on Tuesday, September 8th. The shares were bought at an average cost of $3.24 per share, with a total value of $22,168.08. Following the acquisition, the director directly owned 268,304 shares in the company, valued at approximately $869,304.96. The trade was a 2.62% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

  • On Wednesday, September 9th, Sam Levinson bought 110,710 shares of Clipper Realty stock. The stock was purchased at an average cost of $3.31 per share, for a total transaction of $366,450.10.
  • On Wednesday, September 2nd, Sam Levinson bought 5,387 shares of Clipper Realty stock. The stock was purchased at an average price of $3.25 per share, for a total transaction of $17,507.75.
  • On Tuesday, September 1st, Sam Levinson purchased 934 shares of Clipper Realty stock. The shares were purchased at an average cost of $3.20 per share, with a total value of $2,988.80.
  • On Monday, August 31st, Sam Levinson purchased 1,742 shares of Clipper Realty stock. The shares were purchased at an average cost of $3.25 per share, with a total value of $5,661.50.
  • On Thursday, August 20th, Sam Levinson purchased 2,392 shares of Clipper Realty stock. The shares were purchased 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 stock was purchased at an average cost of $3.14 per share, for a total transaction of $29,076.40.
  • On Tuesday, August 18th, Sam Levinson acquired 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 bought 3,945 shares of Clipper Realty stock. The shares were acquired at an average price 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, 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




Shares of Clipper Realty stock opened at $3.38 on Friday. The stock has a market cap of $54.54 million, a price-to-earnings ratio of -3.63 and a beta of 0.99. The stock has a 50 day moving average price of $3.05 and a 200-day moving average price of $3.11. Clipper Realty Inc. has a one year low of $2.69 and a one year high of $4.46.

Clipper Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Tuesday, August 18th were given a $0.095 dividend. The ex-dividend date was Tuesday, August 18th. This represents a $0.38 dividend on an annualized basis and a yield of 11.3%. Clipper Realty's dividend payout ratio (DPR) is currently -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.

Read Our Latest Stock Report on Clipper Realty

Institutional Trading of Clipper Realty

Institutional investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC bought a new position in shares of Clipper Realty during the first quarter valued at approximately $193,000. AQR Capital Management LLC lifted its stake in shares of Clipper Realty by 12.3% during the 1st quarter. AQR Capital Management LLC now owns 22,698 shares of the company's stock worth $87,000 after acquiring an additional 2,491 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Clipper Realty by 25.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 97,027 shares of the company's stock valued at $373,000 after acquiring an additional 19,640 shares during the period. Jane Street Group LLC boosted its holdings in Clipper Realty by 56.4% during the 1st quarter. Jane Street Group LLC now owns 142,027 shares of the company's stock valued at $545,000 after acquiring an additional 51,231 shares during the period. Finally, Geode Capital Management LLC grew its position in Clipper Realty by 9.3% in the 2nd quarter. Geode Capital Management LLC now owns 333,970 shares of the company's stock valued at $1,226,000 after acquiring an additional 28,385 shares during the last quarter. Institutional investors 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.

Further Reading

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