Clipper Realty Inc. (CLPR) To Go Ex-Dividend on August 18th

Clipper Realty Inc. (NYSE:CLPR) announced a quarterly dividend on Thursday, August 6th. Stockholders of record on Tuesday, August 18th will be given a dividend of 0.095 per share on Wednesday, August 26th. This represents a c) annualized dividend and a dividend yield of 13.4%. The ex-dividend date is Tuesday, August 18th.

Clipper Realty Price Performance

Clipper Realty stock opened at $2.83 on Friday. The stock has a market cap of $45.70 million, a price-to-earnings ratio of -3.04 and a beta of 0.97. The firm has a 50-day moving average of $2.98 and a two-hundred day moving average of $3.15. Clipper Realty has a 1 year low of $2.69 and a 1 year high of $4.61.

Clipper Realty (NYSE:CLPR) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.39). The company had revenue of $38.12 million during the quarter, compared to the consensus estimate of $39.60 million. Research analysts expect that Clipper Realty will post 0.26 earnings per share for the current year.

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.