Clipper Realty (CLPR) to Release Earnings on Tuesday

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

Clipper Realty Trading Down 1.7 %

Shares of CLPR stock opened at $4.13 on Friday. The firm has a fifty day simple moving average of $4.52 and a 200-day simple moving average of $4.87. The company has a market capitalization of $66.40 million, a PE ratio of -9.18 and a beta of 1.24. Clipper Realty has a twelve month low of $3.64 and a twelve month high of $6.86.

Clipper Realty Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CLPR. JMP Securities reaffirmed a “market perform” rating on shares of Clipper Realty in a research report on Thursday, April 11th. Raymond James lowered Clipper Realty from an “outperform” rating to an “underperform” rating in a research report on Monday, April 15th.

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.