Clipper Realty Inc. (CLPR) to Issue Quarterly Dividend of $0.10 on November 27th

Clipper Realty Inc. (NYSE:CLPR) declared a quarterly dividend on Thursday, October 31st, NASDAQ reports. Investors of record on Wednesday, November 13th will be paid a dividend of 0.095 per share on Wednesday, November 27th. This represents a $0.38 dividend on an annualized basis and a yield of 6.45%. The ex-dividend date of this dividend is Wednesday, November 13th.

Clipper Realty Stock Performance

NYSE CLPR opened at $5.89 on Friday. The stock has a market cap of $94.69 million, a price-to-earnings ratio of -20.31 and a beta of 1.34. The business has a 50 day simple moving average of $5.63 and a 200 day simple moving average of $4.52. Clipper Realty has a 52-week low of $3.38 and a 52-week high of $7.12.

Clipper Realty (NYSE:CLPR) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.16). Clipper Realty had a negative return on equity of 85.95% and a negative net margin of 2.54%. The firm had revenue of $37.35 million for the quarter, compared to the consensus estimate of $35.80 million. During the same quarter in the previous year, the business posted $0.13 earnings per share. On average, analysts predict that Clipper Realty will post 0.48 EPS for the current year.

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.