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

Clipper Realty Inc. (NYSE:CLPR) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Investors of record on Tuesday, May 21st will be given a dividend of 0.095 per share on Thursday, May 30th. This represents a $0.38 dividend on an annualized basis and a yield of 9.05%. The ex-dividend date is Monday, May 20th.

Clipper Realty Trading Up 3.4 %

NYSE:CLPR traded up $0.14 during mid-day trading on Thursday, hitting $4.20. The company had a trading volume of 208,121 shares, compared to its average volume of 55,307. The business has a fifty day simple moving average of $4.47 and a 200-day simple moving average of $4.85. The firm has a market capitalization of $67.54 million, a price-to-earnings ratio of -9.33 and a beta of 1.24. Clipper Realty has a 1 year low of $3.64 and a 1 year high of $6.86.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Raymond James downgraded Clipper Realty from an “outperform” rating to an “underperform” rating in a research note on Monday, April 15th. JMP Securities reissued a “market perform” rating on shares of Clipper Realty in a research report on Thursday, April 11th.

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.