Clipper Realty Inc. (NYSE:CLPR) Plans Quarterly Dividend of $0.10

Clipper Realty Inc. (NYSE:CLPR) announced a quarterly dividend on Thursday, August 6th. Stockholders of record on Tuesday, August 18th will be given a dividend of 0.095 per share on Wednesday, August 26th. This represents a c) dividend on an annualized basis and a dividend yield of 13.5%. The ex-dividend date is Tuesday, August 18th.

Clipper Realty Stock Up 3.2%

NYSE:CLPR opened at $2.82 on Friday. The company has a market cap of $45.52 million, a P/E ratio of -3.48 and a beta of 0.97. Clipper Realty has a twelve month low of $2.69 and a twelve month high of $4.61. The business has a 50 day moving average price of $2.98 and a two-hundred day moving average price of $3.16.

Clipper Realty (NYSE:CLPR) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The firm had revenue of $38.58 million during the quarter, compared to analyst estimates of $39.00 million. As a group, analysts anticipate that Clipper Realty will post 0.26 earnings per share for the current fiscal year.

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.