Insider Buying: Clipper Realty (NYSE:CLPR) Director Acquires 4,315 Shares of Stock

Key Points

  • Insider buying continued: Director Sam Levinson purchased 4,315 Clipper Realty shares at an average price of $3.30, bringing his holdings to 388,098 shares. He has made multiple purchases since mid-August, including a 110,710-share acquisition on September 9.
  • Shares rose 2.4% to $3.43, with the stock trading between $2.69 and $4.34 over the past year. Clipper Realty has a market capitalization of approximately $55.4 million.
  • The company pays a quarterly dividend of $0.095 per share, equivalent to an annualized 11.1% yield. Institutional investors own 37.57% of the stock, while Wall Street Zen recently downgraded it from “hold” to “sell.”

Clipper Realty Inc. (NYSE:CLPR - Get Free Report) Director Sam Levinson acquired 4,315 shares of the business's stock in a transaction on Tuesday, September 15th. The shares were bought at an average cost of $3.30 per share, with a total value of $14,239.50. Following the completion of the acquisition, the director owned 388,098 shares in the company, valued at approximately $1,280,723.40. This represents a 1.12% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Monday, September 14th, Sam Levinson acquired 4,769 shares of Clipper Realty stock. The shares were bought at an average price of $3.28 per share, for a total transaction of $15,642.32.
  • On Wednesday, September 9th, Sam Levinson bought 110,710 shares of Clipper Realty stock. The stock was bought at an average cost of $3.31 per share, for a total transaction of $366,450.10.
  • On Tuesday, September 8th, Sam Levinson bought 6,842 shares of Clipper Realty stock. The shares were bought at an average price of $3.24 per share, with a total value of $22,168.08.
  • On Wednesday, September 2nd, Sam Levinson bought 5,387 shares of Clipper Realty stock. The shares were bought at an average price of $3.25 per share, with a total value of $17,507.75.
  • On Tuesday, September 1st, Sam Levinson bought 934 shares of Clipper Realty stock. The shares were bought at an average cost of $3.20 per share, with a total value of $2,988.80.
  • On Monday, August 31st, Sam Levinson bought 1,742 shares of Clipper Realty stock. The shares were bought 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 stock was bought at an average price of $3.19 per share, for a total transaction of $7,630.48.
  • On Wednesday, August 19th, Sam Levinson purchased 9,260 shares of Clipper Realty stock. The stock was bought at an average price of $3.14 per share, for a total transaction of $29,076.40.
  • On Tuesday, August 18th, Sam Levinson purchased 86,983 shares of Clipper Realty stock. The stock was bought at an average price of $3.15 per share, for a total transaction of $273,996.45.
  • On Friday, August 14th, Sam Levinson acquired 3,945 shares of Clipper Realty stock. The shares were bought at an average cost of $3.29 per share, with a total value of $12,979.05.

Clipper Realty Stock Up 2.4%




Shares of Clipper Realty stock opened at $3.43 on Thursday. Clipper Realty Inc. has a twelve month low of $2.69 and a twelve month high of $4.34. The business has a 50-day moving average price of $3.09 and a 200-day moving average price of $3.11. The firm has a market cap of $55.43 million, a price-to-earnings ratio of -3.69 and a beta of 0.99.

Clipper Realty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Tuesday, August 18th were paid 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 yield of 11.1%. Clipper Realty's dividend payout ratio is presently -40.86%.

Institutional Investors Weigh In On Clipper Realty

Hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp bought a new position in Clipper Realty during the second quarter valued at $31,000. Equitable Holdings Inc. bought a new stake in shares of Clipper Realty in the 2nd quarter worth about $58,000. GSA Capital Partners LLP bought a new stake in shares of Clipper Realty in the 2nd quarter worth about $254,000. BlackRock Inc. purchased a new stake in shares of Clipper Realty during the 2nd quarter valued at about $297,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Clipper Realty during the 2nd quarter valued at about $412,000. Hedge funds and other institutional investors own 37.57% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Clipper Realty from a "hold" rating to a "sell" rating in a research note on Sunday, May 31st.

View Our Latest Stock Analysis on Clipper Realty

Clipper Realty Company Profile

(Get Free Report)

Clipper Realty Inc (NYSE: CLPR) is a self-administered and self-managed real estate investment trust focused on owning, operating, and selectively acquiring multifamily residential properties in New York City. The company's business is centered on generating rental income from apartment communities and managing the properties in its portfolio.

Clipper Realty's portfolio has historically included residential properties in Manhattan and Brooklyn, including large apartment communities and multifamily buildings in established New York City neighborhoods.

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