Clipper Realty (CLPR) Set to Announce Quarterly Earnings on Tuesday

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

Clipper Realty Stock Down 1.7 %

Shares of Clipper Realty stock opened at $4.13 on Monday. The firm has a market cap of $66.41 million, a price-to-earnings ratio of -9.18 and a beta of 1.24. Clipper Realty has a 52-week low of $3.64 and a 52-week high of $6.86. The company’s 50-day simple moving average is $4.52 and its 200-day simple moving average is $4.87.

Clipper Realty Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have issued reports on CLPR shares. JMP Securities reaffirmed a “market perform” rating on shares of Clipper Realty in a report on Thursday, April 11th. Raymond James lowered Clipper Realty from an “outperform” rating to an “underperform” rating in a research note 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.