Clipper Realty Inc
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Real Estate : Equity Real Estate Investment Trusts (REITs) | Small Cap Blend
Company profile

Clipper Realty, Inc. is a real estate investment trust, which acquires, owns, manages, operates and repositions multi-family residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn. The Company's segments include Commercial and Residential. As of June 30, 2016, it owned two residential/retail rental properties at 50 Murray Street and 53 Park Place in the Tribeca neighborhood of Manhattan, referred to as the Tribeca House properties. As of June 30, 2016, it also owned a residential property complex in the East Flatbush neighborhood of Brooklyn consisting of 59 buildings, referred to as the Flatbush Gardens properties or complex. As of June 30, 2016, it owned two primarily commercial properties in Downtown Brooklyn (one of which included 36 residential apartment units), referred to as the 141 Livingston Street property and the 250 Livingston Street property, and also owned the Aspen property.

Price
Delayed
$8.17
Day's Change
0.12 (1.49%)
Bid
--
Ask
--
B/A Size
--
Day's High
8.17
Day's Low
8.07
Volume
(Light)

Today's volume of 12,952 shares is on pace to be much lighter than CLPR's 10-day average volume of 82,968 shares.

12,952

UPDATE: Weekend reads: These investments can help you profit from Biden's $2.3 trillion spending plan

10:09 am ET April 3, 2021 (MarketWatch)
Print

By Philip van Doorn

Also, New York legalizes marijuana for recreational use; an effective retirement savings plan for low-wage workers; and what to do with that annoying COVID-19 vaccination card.

President Joe Biden unveiled his $2.3 trillion American Jobs Plan on March 31. It will be mainly directed toward infrastructure repairs and improvements (https://www.marketwatch.com/story/biden-to-make-pitch-for-2-3-trillion-infrastructure-plan-in-pittsburgh-speech-on-wednesday-afternoon-11617208392?mod=home-page) if a similar spending package is passed by Congress.

The plan includes $174 billion to spur the adoption of electric vehicles (https://www.marketwatch.com/story/biden-infrastructure-plan-includes-pitch-for-electric-vehicle-rebates-tesla-gm-nikola-shares-gain-11617202889), which would benefit Tesla Inc. (TSLA), General Motors Co. (GM) and Ford Motor Co. (F), among others.

Strategists at Bank of America listed companies in various industries that could benefit from Biden's infrastructure plan (https://www.marketwatch.com/story/here-are-the-stocks-that-could-benefit-from-4-trillion-of-infrastructure-spending-according-to-bank-of-america-11617187558).

Here are more stocks and funds that can gain from the proposed spending:

Oregon points the way to retirement accounts for lower-wage workers

Brett Arends describes a plan that has set up retirement accounts for lower-income workers in Oregon. The participation rate is high because of one feature (https://www.marketwatch.com/story/100-000-in-retirement-savings-for-low-paid-workers-its-possible-11617203210).

More on retirement planning from Alessandra Malito:

New York legalizes marijuana

New York legalized marijuana for recreational use on March 31. Convictions in the state for non-violent cannabis-related crimes will be expunged. Ciara Linnane reports on the details of the legislation, its expected ripple effect across other states and a challenge for the state government as legal sellers begin to compete with the black market (https://www.marketwatch.com/story/new-york-legalizes-cannabis-in-move-thats-expected-to-shake-up-the-business-and-advance-federal-reforms-11617216381).

'Light at the end of the tunnel' for the U.S. economy

The U.S. economy added 916,000 jobs during March, which was a surprise to economists and pushed the unemployment rate down to 6.0%. Jeffry Bartash digs into the economy's spring thaw (https://www.marketwatch.com/story/u-s-gains-916-000-new-jobs-in-march-and-signals-strengthening-economy-11617367042).

Related:

An emergency-room doctor talks about how COVID-19 spreads

Jaimy Lee interviews Dr. Elissa Schechter-Perkins (https://www.marketwatch.com/story/how-6-feet-became-3-meet-an-er-doctor-behind-the-research-showing-kids-are-still-safe-in-school-with-new-social-distancing-standard-11617281412), an emergency-room doctor at Boston Medical Center who participated in research indicating children attending school are just as safe from COVID-19 transmission if they are kept three feet apart as they would be under the old CDC guideline of six-foot separations.

Tax tips

The Internal Revenue Service has extended this year's individual tax-return filing deadline to May 17 from the usual April 15.

CD Moriarty explains how capital gains taxes can affect people who sell or inherit homes (https://www.marketwatch.com/story/heres-how-you-can-save-money-on-capital-gains-taxes-when-you-sell-your-home-11617045252).

Andrew Keshner discusses how converting a traditional IRA to a Roth IRA might help you avoid taxes (https://www.marketwatch.com/story/biden-tax-hikes-could-be-coming-these-numbers-suggest-some-people-arent-waiting-to-find-out-11617226796?mod=mw_latestnews) if you are affected by higher tax rates expected as Congress and President Biden increase federal spending.

That impractical COVID-19 vaccination card

In an effort to prove that bureaucrats can occasionally make mystifying decisions, the Centers for Disease Control designed a coronavirus vaccination record card that is too large to fit in most wallets. Nicole Lyn Pesce has practical advice on how to keep your card safe and make sure it has all the information you need it to have (https://www.marketwatch.com/story/dont-laminate-your-covid-vaccination-card-before-doing-these-5-things-11617134471).

This billionaire entrepreneur says Elon Musk is wrong about autonomous driving

Weston Blasi interviews Austin Russell, the founder of Luminar Technologies Inc. (LAZR), who discusses the conflict between supporters and detractors of Lidar technology (https://www.marketwatch.com/story/meet-the-26-year-old-billionaire-trying-to-take-on-elon-musk-and-tesla-11617027597), which can be used for navigation and control in autonomous vehicles.

What the big SPACs might buy

SPACs -- special purpose acquisition companies -- have become a popular way for companies to go public quickly. Jeff Reeves looks at nine large SPACs (https://www.marketwatch.com/story/nine-spacs-with-big-money-and-bigwigs-behind-them-and-what-they-soon-could-be-buying-11617120450), explains which deep-pocket investors are behind them and which companies they are looking to bring public.

Want more from MarketWatch? Sign up for this and other newsletters (https://www.marketwatch.com/newsletters?mod=article_inline), and get the latest news, personal finance and investing advice.

-Philip van Doorn; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

April 03, 2021 10:09 ET (14:09 GMT)

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