Clipper Realty (CLPR) to Release Quarterly Earnings on Tuesday

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

Clipper Realty Stock Up 1.0 %

Shares of Clipper Realty stock traded up $0.04 on Tuesday, reaching $4.23. 21,140 shares of the company traded hands, compared to its average volume of 50,097. The company has a 50 day moving average of $4.58 and a 200 day moving average of $4.90. Clipper Realty has a 52 week low of $3.64 and a 52 week high of $6.86.

Clipper Realty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Wednesday, March 27th were paid 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 8.98%. Clipper Realty’s payout ratio is -84.44%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Raymond James lowered shares of Clipper Realty from an “outperform” rating to an “underperform” rating in a research report on Monday, April 15th. JMP Securities reiterated a “market perform” rating on shares of Clipper Realty in a research report on Thursday, April 11th.

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.