Clipper Realty Inc (NASDAQ:CLPR) Director Sam Levinson purchased 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were acquired at an average cost of $10.72 per share, with a total value of $160,800.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Clipper Realty Inc (CLPR) traded up $0.13 during mid-day trading on Wednesday, reaching $10.79. The company had a trading volume of 29,346 shares, compared to its average volume of 42,395. Clipper Realty Inc has a 12-month low of $9.98 and a 12-month high of $15.00.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Monday, November 6th will be issued a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $0.38 dividend on an annualized basis and a yield of 3.52%.

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A number of equities research analysts recently weighed in on the company. Zacks Investment Research raised Clipper Realty from a “sell” rating to a “hold” rating in a report on Wednesday, August 30th. FBR & Co reaffirmed a “buy” rating and set a $16.00 price target on shares of Clipper Realty in a report on Friday, October 27th. JMP Securities assumed coverage on Clipper Realty in a report on Monday, October 9th. They set an “outperform” rating and a $17.00 price target for the company. Finally, B. Riley reaffirmed a “buy” rating on shares of Clipper Realty in a report on Wednesday, November 1st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Clipper Realty presently has an average rating of “Buy” and an average target price of $16.00.

Hedge funds have recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Clipper Realty in the 3rd quarter valued at $143,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Clipper Realty in the 2nd quarter valued at $180,000. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Clipper Realty in the 2nd quarter valued at $189,000. New York State Common Retirement Fund acquired a new stake in shares of Clipper Realty in the 2nd quarter valued at $196,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Clipper Realty in the 1st quarter valued at $217,000.

About Clipper Realty

Clipper Realty, Inc is a real estate investment trust, which acquires, owns, manages, operates and repositions multi-family residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn. The Company’s segments include Commercial and Residential. As of June 30, 2016, it owned two residential/retail rental properties at 50 Murray Street and 53 Park Place in the Tribeca neighborhood of Manhattan, referred to as the Tribeca House properties.

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