Clipper Realty Inc. (NYSE:CLPR) to Issue $0.10 Quarterly Dividend

Clipper Realty Inc. (NYSE:CLPR) declared a quarterly dividend on Thursday, May 14th. Stockholders of record on Tuesday, May 26th will be given a dividend of 0.095 per share on Thursday, June 4th. This represents a c) annualized dividend and a dividend yield of 12.5%. The ex-dividend date of this dividend is Tuesday, May 26th.

Clipper Realty Stock Up 0.9%

Clipper Realty stock opened at $3.04 on Friday. The stock has a market capitalization of $49.06 million, a PE ratio of -2.22 and a beta of 0.98. Clipper Realty has a twelve month low of $2.83 and a twelve month high of $4.61. The company has a 50 day moving average of $3.16 and a 200-day moving average of $3.43.

Clipper Realty (NYSE:CLPR) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.39). The firm had revenue of $38.12 million for the quarter, compared to the consensus estimate of $39.60 million. Equities analysts anticipate that Clipper Realty will post 0.32 EPS 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.