Clipper Realty Inc. (CLPR) to Issue Quarterly Dividend of $0.10 on March 19th

Clipper Realty Inc. (NYSE:CLPR) announced a quarterly dividend on Thursday, February 26th. Stockholders of record on Thursday, March 12th will be paid a dividend of 0.095 per share on Thursday, March 19th. This represents a c) annualized dividend and a dividend yield of 11.9%. The ex-dividend date is Thursday, March 12th.

Clipper Realty Price Performance

Shares of CLPR opened at $3.19 on Tuesday. The company has a 50-day moving average of $3.50 and a two-hundred day moving average of $3.75. The stock has a market cap of $51.44 million, a price-to-earnings ratio of -2.32 and a beta of 0.97. Clipper Realty has a one year low of $3.04 and a one year high of $4.68.

Clipper Realty (NYSE:CLPR) last posted its quarterly earnings data on Thursday, February 26th. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.41). The company had revenue of $37.07 million for the quarter, compared to analysts’ expectations of $38.10 million. Analysts anticipate that Clipper Realty will post 0.39 earnings per share for the current year.

Insider Transactions at Clipper Realty

In other Clipper Realty news, Director Sam Levinson acquired 19,558 shares of the firm’s stock in a transaction on Tuesday, December 30th. The stock was purchased at an average cost of $3.70 per share, for a total transaction of $72,364.60. Following the transaction, the director owned 79,410 shares of the company’s stock, valued at $293,817. The trade was a 32.68% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders bought 58,263 shares of company stock valued at $216,184. 53.01% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CLPR. Penserra Capital Management LLC purchased a new position in shares of Clipper Realty during the 2nd quarter valued at $955,000. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Clipper Realty by 28.1% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 127,137 shares of the company’s stock valued at $467,000 after purchasing an additional 27,908 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Clipper Realty by 48.0% in the fourth quarter. Wells Fargo & Company MN now owns 15,485 shares of the company’s stock valued at $59,000 after buying an additional 5,023 shares during the period. Deutsche Bank AG bought a new stake in shares of Clipper Realty during the fourth quarter valued at approximately $63,000. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in Clipper Realty during the fourth quarter worth $202,000. 37.57% of the stock is owned by hedge funds and other institutional investors.

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.