Clipper Realty (NYSE:CLPR) Issues Earnings Results, Beats Estimates By $0.03 EPS

Clipper Realty (NYSE:CLPR) announced its quarterly earnings results on Monday. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03, Zacks reports. Clipper Realty had a negative return on equity of 85.95% and a negative net margin of 1.68%.

Clipper Realty Trading Up 3.5%

Shares of NYSE CLPR traded up $0.14 during midday trading on Monday, hitting $4.15. The company’s stock had a trading volume of 165,008 shares, compared to its average volume of 122,871. The business’s 50 day moving average is $3.88 and its two-hundred day moving average is $4.50. The firm has a market cap of $67.01 million, a P/E ratio of -16.60 and a beta of 1.10. Clipper Realty has a 12-month low of $3.38 and a 12-month high of $7.12.

Clipper Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 19th were issued a $0.095 dividend. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $0.38 annualized dividend and a dividend yield of 9.16%. Clipper Realty’s payout ratio is -152.00%.

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.