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

Clipper Realty Inc. (NYSE:CLPR) declared a quarterly dividend on Thursday, August 6th. Shareholders 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 yield of 13.5%. The ex-dividend date is Tuesday, August 18th.

Clipper Realty Stock Performance

CLPR stock opened at $2.82 on Friday. The company has a market cap of $45.52 million, a price-to-earnings ratio of -3.48 and a beta of 0.97. The business’s 50-day moving average is $2.98 and its two-hundred day moving average is $3.16. Clipper Realty has a fifty-two week low of $2.69 and a fifty-two week high of $4.61.

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

Clipper Realty Company Profile

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.