Clipper Realty Inc (NYSE:CLPR) Expected to Post Earnings of $0.13 Per Share
Equities analysts expect that Clipper Realty Inc (NYSE:CLPR) will post earnings of $0.13 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Clipper Realty’s earnings, with estimates ranging from $0.12 to $0.13. Clipper Realty also reported earnings of $0.13 per share in the same quarter last year. The business is scheduled to issue its next quarterly earnings report on Thursday, November 7th.
On average, analysts expect that Clipper Realty will report full year earnings of $0.50 per share for the current year. For the next fiscal year, analysts forecast that the company will report earnings of $0.61 per share, with EPS estimates ranging from $0.59 to $0.62. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow Clipper Realty.
Clipper Realty (NYSE:CLPR) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The business had revenue of $28.45 million for the quarter, compared to analysts’ expectations of $28.08 million. Clipper Realty had a negative return on equity of 0.41% and a negative net margin of 0.58%.
Shares of Clipper Realty stock traded down $0.13 on Friday, reaching $11.00. 17,900 shares of the company were exchanged, compared to its average volume of 23,421. The stock has a 50-day moving average price of $11.04. The stock has a market capitalization of $197.39 million, a price-to-earnings ratio of 24.44 and a beta of 0.05. Clipper Realty has a 1-year low of $9.80 and a 1-year high of $14.38.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 21st. Investors of record on Tuesday, August 13th will be issued a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend is Monday, August 12th. Clipper Realty’s dividend payout ratio (DPR) is 84.44%.
A number of hedge funds have recently modified their holdings of CLPR. Northern Trust Corp boosted its stake in Clipper Realty by 0.6% during the 2nd quarter. Northern Trust Corp now owns 168,853 shares of the company’s stock valued at $1,888,000 after purchasing an additional 988 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Clipper Realty by 6.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 35,812 shares of the company’s stock valued at $401,000 after purchasing an additional 2,200 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Clipper Realty by 52,383.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,149 shares of the company’s stock valued at $42,000 after purchasing an additional 3,143 shares in the last quarter. BlackRock Inc. boosted its stake in Clipper Realty by 0.8% during the 4th quarter. BlackRock Inc. now owns 754,734 shares of the company’s stock valued at $9,864,000 after purchasing an additional 6,170 shares in the last quarter. Finally, AJO LP boosted its stake in Clipper Realty by 18.2% during the 1st quarter. AJO LP now owns 40,023 shares of the company’s stock valued at $536,000 after purchasing an additional 6,172 shares in the last quarter. 69.57% of the stock is owned by institutional investors and hedge funds.
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.
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