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

Clipper Realty Inc. (NYSE:CLPR) declared a quarterly dividend on Thursday, August 6th. Stockholders of record on Tuesday, August 18th will be paid a dividend of 0.095 per share on Wednesday, August 26th. This represents a c) annualized dividend 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’s 50 day moving average price is $2.98 and its 200-day moving average price is $3.16. Clipper Realty has a 52 week low of $2.69 and a 52 week high of $4.61. The stock has a market cap of $45.52 million, a price-to-earnings ratio of -3.48 and a beta of 0.97.

Clipper Realty (NYSE:CLPR) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate 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. As a group, sell-side analysts anticipate that Clipper Realty will post 0.26 earnings per share for the current 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.