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

Clipper Realty Inc. (NYSE:CLPR) declared a quarterly dividend on Thursday, November 13th. Stockholders of record on Wednesday, November 26th will be given a dividend of 0.095 per share on Thursday, December 4th. This represents a c) dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date of this dividend is Wednesday, November 26th.

Clipper Realty Price Performance

CLPR stock traded down $0.05 during trading on Friday, reaching $3.70. 1,765 shares of the company were exchanged, compared to its average volume of 97,794. The company has a market capitalization of $59.76 million, a price-to-earnings ratio of -3.59 and a beta of 1.04. The company has a 50-day moving average of $4.01 and a two-hundred day moving average of $3.94. Clipper Realty has a twelve month low of $3.39 and a twelve month high of $6.49.

Clipper Realty (NYSE:CLPR) last posted its quarterly earnings data on Thursday, November 13th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03. On average, analysts forecast that Clipper Realty will post 0.39 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CLPR. Zacks Research lowered Clipper Realty from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 9th. Wall Street Zen lowered shares of Clipper Realty from a “hold” rating to a “sell” rating in a research report on Monday, August 18th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Clipper Realty presently has a consensus rating of “Hold”.

About Clipper Realty

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.