Key Points
- Director buying: Sam Levinson purchased 9,317 Clipper Realty shares for $31,491.46, increasing his position by 2.32% to 411,021 shares. He has made multiple additional purchases recently, including 110,710 shares on September 9.
- Stock and dividend: Clipper Realty opened at $3.31, within a 12-month range of $2.69 to $4.32. The company pays a quarterly dividend of $0.095, or $0.38 annually, representing an approximately 11.5% yield.
- Institutional interest and outlook: Institutional investors own 37.57% of the company after several firms initiated positions. However, Wall Street Zen recently downgraded the stock from “hold” to “sell.”
Clipper Realty Inc. (NYSE:CLPR - Get Free Report) Director Sam Levinson bought 9,317 shares of the firm's stock in a transaction that occurred on Thursday, September 24th. The stock was bought at an average price of $3.38 per share, with a total value of $31,491.46. Following the completion of the acquisition, the director owned 411,021 shares of the company's stock, valued at $1,389,250.98. This trade represents a 2.32% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Sam Levinson also recently made the following trade(s):
- On Wednesday, September 23rd, Sam Levinson bought 13,606 shares of Clipper Realty stock. The shares were bought at an average cost of $3.38 per share, with a total value of $45,988.28.
- On Tuesday, September 15th, Sam Levinson bought 4,315 shares of Clipper Realty stock. The shares were purchased at an average price of $3.30 per share, for a total transaction of $14,239.50.
- On Monday, September 14th, Sam Levinson bought 4,769 shares of Clipper Realty stock. The shares were purchased 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 purchased at an average cost of $3.31 per share, for a total transaction of $366,450.10.
- On Tuesday, September 8th, Sam Levinson purchased 6,842 shares of Clipper Realty stock. The stock was purchased at an average price of $3.24 per share, with a total value of $22,168.08.
- On Wednesday, September 2nd, Sam Levinson purchased 5,387 shares of Clipper Realty stock. The shares were purchased at an average price of $3.25 per share, with a total value of $17,507.75.
- On Tuesday, September 1st, Sam Levinson purchased 934 shares of Clipper Realty stock. The shares were purchased at an average price of $3.20 per share, with a total value of $2,988.80.
- On Monday, August 31st, Sam Levinson acquired 1,742 shares of Clipper Realty stock. The stock was purchased at an average cost of $3.25 per share, for a total transaction of $5,661.50.
- On Thursday, August 20th, Sam Levinson acquired 2,392 shares of Clipper Realty stock. The stock was purchased at an average price of $3.19 per share, for a total transaction of $7,630.48.
- On Wednesday, August 19th, Sam Levinson acquired 9,260 shares of Clipper Realty stock. The shares were purchased at an average cost of $3.14 per share, with a total value of $29,076.40.
Clipper Realty Trading Down 2.9%
Clipper Realty stock opened at $3.31 on Friday. The company has a fifty day simple moving average of $3.16 and a 200-day simple moving average of $3.12. The stock has a market cap of $53.49 million, a P/E ratio of -3.56 and a beta of 0.99. Clipper Realty Inc. has a 12-month low of $2.69 and a 12-month high of $4.32.
Clipper Realty Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Tuesday, August 18th were paid a $0.0950 dividend. The ex-dividend date was Tuesday, August 18th. This represents a $0.38 dividend on an annualized basis and a yield of 11.5%. Clipper Realty's dividend payout ratio (DPR) is currently -40.86%.
Institutional Trading of Clipper Realty
Several institutional investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Clipper Realty in the 2nd quarter valued at $412,000. BlackRock Inc. purchased a new position in shares of Clipper Realty in the 2nd quarter valued at $297,000. GSA Capital Partners LLP acquired a new stake in Clipper Realty during the 2nd quarter worth $254,000. Equitable Holdings Inc. acquired a new stake in Clipper Realty during the 2nd quarter worth $58,000. Finally, Bank of New York Mellon Corp purchased a new stake in Clipper Realty in the second quarter valued at $31,000. Hedge funds and other institutional investors own 37.57% of the company's stock.
Analysts Set New Price Targets
Separately, Wall Street Zen cut Clipper Realty from a "hold" rating to a "sell" rating in a research report on Sunday, May 31st.
Read Our Latest Research Report on Clipper Realty
About Clipper Realty
(
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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