Clipper Realty COO Jacob Bistricer buys $246k in stock

Clipper Realty Inc. (CLPR) insider Jacob Bistricer purchased 73,500 shares of the company's common stock on September 28, 2026, for a total investment of $246,225. The shares were bought at prices between $3.265 and $3.42 per share, with a weighted average price of $3.35. Simultaneously, Bistricer gifted 63,000 shares of CLPR common stock to his children and a grandchild, a transaction valued at $0.

The insider buyout follows a week of stock decline, with CLPR shares trading at $3.15, down 8.7% from the previous week. Despite this, Bistricer's purchase may indicate confidence in the company's prospects. The stock trades near its fair value, according to InvestingPro's analysis, which covers over 1,400 US stocks.

Clipper Realty reported its Q2 2026 financial results, revealing a revenue of $38.6 million, falling short of the $40.0 million forecast. The company also reported a net loss of $6.3 million, or $0.19 per share. Additionally, the Adjusted Funds from Operations (AFFO) stood at $3.8 million, or $0.09 per share. The revenue decline was largely due to difficulties at 250 Livingston Street, while residential leasing and the fully leased Prospect House development showed strong performance.