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

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

Clipper Realty Trading Down 10.5 %

CLPR opened at $5.89 on Friday. The company has a market cap of $94.69 million, a P/E ratio of -20.31 and a beta of 1.34. The company’s 50 day moving average is $5.63 and its 200-day moving average is $4.52. Clipper Realty has a 1-year low of $3.38 and a 1-year high of $7.12.

Clipper Realty (NYSE:CLPR) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $37.35 million for the quarter, compared to analyst estimates of $35.80 million. During the same quarter last year, the company posted $0.13 earnings per share. On average, equities analysts forecast 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.