Clipper Realty (NYSE:CLPR) Director Acquires $72,364.60 in Stock

Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson purchased 19,558 shares of the company’s stock in a transaction on Tuesday, December 30th. The stock was bought at an average cost of $3.70 per share, for a total transaction of $72,364.60. Following the acquisition, the director directly owned 79,410 shares of the company’s stock, valued at $293,817. This represents a 32.68% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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 bought at an average cost of $3.79 per share, with a total value of $10,585.47.
• On Monday, December 29th, Sam Levinson bought 33,494 shares of Clipper Realty stock. The stock was bought at an average price of $3.71 per share, for a total transaction of $124,262.74.
• On Monday, December 29th, Sam Levinson bought 2,418 shares of Clipper Realty stock. The shares were bought at an average cost of $3.71 per share, with a total value of $8,970.78.

Clipper Realty Stock Down 6.7%

NYSE:CLPR opened at $3.56 on Friday. The stock has a fifty day simple moving average of $3.64 and a 200 day simple moving average of $3.85. The firm has a market capitalization of $57.53 million, a price-to-earnings ratio of -3.18 and a beta of 1.01. Clipper Realty Inc. has a 1-year low of $3.31 and a 1-year high of $5.16.

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

Clipper Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Wednesday, November 26th were paid 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 10.7%. Clipper Realty’s dividend payout ratio (DPR) is currently -33.93%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Penserra Capital Management LLC acquired a new position in Clipper Realty in the 2nd quarter valued at approximately $955,000. Focus Partners Wealth purchased a new position in shares of Clipper Realty during the 3rd quarter valued at $335,000. Jane Street Group LLC increased its stake in shares of Clipper Realty by 56.4% in the first quarter. Jane Street Group LLC now owns 142,027 shares of the company’s stock worth $545,000 after acquiring an additional 51,231 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Clipper Realty in the first quarter worth $193,000. Finally, Geode Capital Management LLC raised its holdings in shares of Clipper Realty by 9.3% during the second quarter. Geode Capital Management LLC now owns 333,970 shares of the company’s stock worth $1,226,000 after acquiring an additional 28,385 shares in the last quarter. 37.57% of the stock is owned by hedge funds and other institutional investors.

Clipper Realty Company Profile

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.