Clipper Realty Inc. (CLPR) To Go Ex-Dividend on May 26th

Clipper Realty Inc. (NYSE:CLPR) declared a quarterly dividend on Thursday, May 14th. Investors of record on Tuesday, May 26th will be given a dividend of 0.095 per share on Thursday, June 4th. This represents a c) annualized dividend and a yield of 13.0%. The ex-dividend date of this dividend is Tuesday, May 26th.

Clipper Realty Stock Performance

NYSE CLPR opened at $2.92 on Friday. Clipper Realty has a one year low of $2.83 and a one year high of $4.61. The company’s 50 day moving average price is $3.16 and its 200 day moving average price is $3.43. The firm has a market capitalization of $47.22 million, a price-to-earnings ratio of -3.61 and a beta of 0.98.

Clipper Realty (NYSE:CLPR) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.39). The business had revenue of $38.12 million for the quarter, compared to the consensus estimate of $39.60 million. Sell-side analysts forecast that Clipper Realty will post 0.32 EPS for the current fiscal year.

Institutional Trading of Clipper Realty

Hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its stake in shares of Clipper Realty by 209.8% in the third quarter. JPMorgan Chase & Co. now owns 22,300 shares of the company’s stock worth $85,000 after buying an additional 15,101 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in shares of Clipper Realty in the second quarter worth $70,000. Deutsche Bank AG bought a new stake in shares of Clipper Realty in the fourth quarter worth $63,000. Wells Fargo & Company MN increased its stake in shares of Clipper Realty by 48.0% in the fourth quarter. Wells Fargo & Company MN now owns 15,485 shares of the company’s stock worth $59,000 after buying an additional 5,023 shares during the last quarter. Finally, Abel Hall LLC bought a new stake in shares of Clipper Realty in the third quarter worth $52,000. Institutional investors own 37.57% of the company’s stock.

About Clipper Realty

Clipper Realty Inc is a publicly traded real estate investment trust that acquires, owns and manages multifamily residential and mixed?use properties in the Greater New York metropolitan area. Since its initial public offering in early 2017, the company has focused on strategically sourcing apartment buildings and retail space in Manhattan and Brooklyn, with an emphasis on value?add opportunities that can benefit from in?house leasing, renovation and operational efficiencies.

The company’s primary activities include property acquisition, selective repositioning and asset management.