Clipper Realty Inc. (CLPR) To Go Ex-Dividend on May 26th

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 13.1%. The ex-dividend date of this dividend is Tuesday, May 26th.

Clipper Realty Stock Performance

Shares of CLPR stock opened at $2.91 on Friday. The company has a market capitalization of $46.94 million, a price-to-earnings ratio of -3.59 and a beta of 0.98. The company has a 50-day simple moving average of $3.14 and a 200 day simple moving average of $3.40. Clipper Realty has a 52 week low of $2.83 and a 52 week high of $4.61.

Clipper Realty (NYSE:CLPR) last announced its earnings results on Thursday, May 14th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.39). The company had revenue of $38.12 million for the quarter, compared to analyst estimates of $39.60 million. Sell-side analysts forecast that Clipper Realty will post 0.32 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Clipper Realty from a “sell” rating to a “hold” rating in a report on Saturday. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Clipper Realty has an average rating of “Hold”.

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.