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

Clipper Realty Inc. (NYSE:CLPR) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Stockholders of record on Tuesday, May 21st will be paid a dividend of 0.095 per share on Thursday, May 30th. This represents a $0.38 annualized dividend and a dividend yield of 9.07%. The ex-dividend date is Monday, May 20th.

Clipper Realty Stock Up 3.2 %

Shares of Clipper Realty stock traded up $0.13 during trading on Thursday, hitting $4.19. 150,179 shares of the company were exchanged, compared to its average volume of 54,425. Clipper Realty has a fifty-two week low of $3.64 and a fifty-two week high of $6.86. The stock has a market capitalization of $67.38 million, a price-to-earnings ratio of -9.29 and a beta of 1.24. The firm has a 50 day moving average price of $4.47 and a 200 day moving average price of $4.85.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CLPR shares. JMP Securities restated a “market perform” rating on shares of Clipper Realty in a research report on Thursday, April 11th. Raymond James downgraded Clipper Realty from an “outperform” rating to an “underperform” rating in a report on Monday, April 15th.

Clipper Realty Company Profile

Clipper Realty Inc (NYSE: CLPR) is a self-administered and self-managed real estate company that acquires, owns, manages, operates, and repositions multifamily residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn.