Key Points
- COO Jacob Bistricer purchased 73,500 Clipper Realty shares at an average price of $3.35, investing $246,225 and becoming the direct owner of those shares.
- Clipper Realty shares opened at $3.15, with a market capitalization of approximately $50.9 million and a 52-week range of $2.69 to $4.32.
- The company recently paid a quarterly dividend of $0.095 per share, equivalent to an annualized $0.38 dividend and a reported yield of 12.1%; institutional investors own 37.57% of the stock.
Clipper Realty Inc. (NYSE:CLPR - Get Free Report) COO Jacob Bistricer purchased 73,500 shares of the firm's stock in a transaction on Monday, September 28th. The shares were acquired at an average cost of $3.35 per share, with a total value of $246,225.00. Following the completion of the acquisition, the chief operating officer directly owned 73,500 shares in the company, valued at $246,225. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Clipper Realty Stock Performance
Shares of NYSE CLPR opened at $3.15 on Thursday. The stock's 50-day simple moving average is $3.18 and its 200-day simple moving average is $3.12. The firm has a market capitalization of $50.89 million, a PE ratio of -3.39 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 $4.32.
Clipper Realty Dividend Announcement
The business 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. This represents a $0.38 annualized dividend and a yield of 12.1%. The ex-dividend date was Tuesday, August 18th. Clipper Realty's dividend payout ratio is currently -40.86%.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Clipper Realty in the 2nd quarter valued at $412,000. BlackRock Inc. purchased a new stake in Clipper Realty in the second quarter valued at $297,000. GSA Capital Partners LLP purchased a new stake in Clipper Realty in the second quarter valued at $254,000. Equitable Holdings Inc. acquired a new position in Clipper Realty in the second quarter valued at $58,000. Finally, Bank of New York Mellon Corp acquired a new position in Clipper Realty in the second quarter valued at $31,000. Institutional investors and hedge funds own 37.57% of the company's stock.
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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