Sam Levinson Acquires 33,494 Shares of Clipper Realty (NYSE:CLPR) Stock

Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson purchased 33,494 shares of the firm’s stock in a transaction on Monday, December 29th. The stock was bought at an average price of $3.71 per share, with a total value of $124,262.74. Following the acquisition, the director owned 57,099 shares in the company, valued at $211,837.29. This trade represents a 141.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, December 31st, Sam Levinson acquired 2,793 shares of Clipper Realty stock. The shares were purchased at an average price of $3.79 per share, for a total transaction of $10,585.47.
• On Tuesday, December 30th, Sam Levinson bought 19,558 shares of Clipper Realty stock. The shares were purchased at an average cost of $3.70 per share, for a total transaction of $72,364.60.
• On Monday, December 29th, Sam Levinson bought 2,418 shares of Clipper Realty stock. The stock was purchased at an average price of $3.71 per share, with a total value of $8,970.78.

Clipper Realty Trading Up 1.1%

CLPR opened at $3.83 on Friday. Clipper Realty Inc. has a twelve month low of $3.31 and a twelve month high of $5.16. The firm has a market cap of $61.85 million, a price-to-earnings ratio of -3.42 and a beta of 0.98. The company has a fifty day simple moving average of $3.65 and a 200 day simple moving average of $3.86.

Clipper Realty (NYSE:CLPR) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The firm had revenue of $37.70 million during the quarter, compared to analyst estimates of $37.90 million. On average, analysts forecast that Clipper Realty Inc. will post 0.39 earnings per share for the current fiscal year.

Clipper Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Wednesday, November 26th were issued a $0.095 dividend. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a $0.38 dividend on an annualized basis and a yield of 9.9%. Clipper Realty’s dividend payout ratio is currently -33.93%.

Hedge Funds Weigh In On Clipper Realty

Large investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its holdings in Clipper Realty by 9.3% in the second quarter. Geode Capital Management LLC now owns 333,970 shares of the company’s stock valued at $1,226,000 after buying an additional 28,385 shares during the last quarter. Penserra Capital Management LLC grew its position in shares of Clipper Realty by 3.5% in the 3rd quarter. Penserra Capital Management LLC now owns 269,444 shares of the company’s stock worth $1,023,000 after acquiring an additional 9,131 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Clipper Realty by 3.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 147,119 shares of the company’s stock worth $559,000 after acquiring an additional 4,375 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Clipper Realty by 56.4% in 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 last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Clipper Realty by 28.1% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 127,137 shares of the company’s stock valued at $467,000 after acquiring an additional 27,908 shares in the last quarter. Institutional investors own 37.57% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered Clipper Realty from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 9th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

About Clipper Realty

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.