Insider Buying: Clipper Realty Inc (CLPR) Director Acquires 15,000 Shares of Stock
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%.
COPYRIGHT VIOLATION WARNING: “Insider Buying: Clipper Realty Inc (CLPR) Director Acquires 15,000 Shares of Stock” was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/11/08/insider-buying-clipper-realty-inc-clpr-director-acquires-15000-shares-of-stock.html.
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.
Receive News & Ratings for Clipper Realty Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clipper Realty Inc and related companies with MarketBeat.com's FREE daily email newsletter.