Clipper Realty (CLPR) to Release Quarterly Earnings on Tuesday

Clipper Realty (NYSE:CLPR) is scheduled to announce its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.08 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Clipper Realty Stock Down 1.7 %

Shares of NYSE:CLPR opened at $4.13 on Friday. Clipper Realty has a fifty-two week low of $3.64 and a fifty-two week high of $6.86. The stock has a market cap of $66.40 million, a price-to-earnings ratio of -9.18 and a beta of 1.24. The firm’s 50 day moving average price is $4.52 and its 200 day moving average price is $4.87.

Clipper Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Wednesday, March 27th were given a dividend of $0.095 per share. The ex-dividend date of this dividend was Tuesday, March 26th. This represents a $0.38 annualized dividend and a dividend yield of 9.20%. Clipper Realty’s dividend payout ratio is currently -84.44%.

Wall Street Analysts Forecast Growth

CLPR has been the topic of several recent analyst reports. JMP Securities reiterated a “market perform” rating on shares of Clipper Realty in a research note on Thursday, April 11th. Raymond James lowered shares of Clipper Realty from an “outperform” rating to an “underperform” rating in a research note on Monday, April 15th.

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.