Clipper Realty (CLPR) Earns News Impact Rating of 0.14

News coverage about Clipper Realty (NYSE:CLPR) has trended somewhat positive this week, according to Accern Sentiment Analysis. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Clipper Realty earned a news impact score of 0.14 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.5274173796802 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

A number of brokerages have recently issued reports on CLPR. Zacks Investment Research raised Clipper Realty from a “strong sell” rating to a “hold” rating in a report on Monday, February 5th. B. Riley began coverage on Clipper Realty in a report on Monday, March 12th. They set a “buy” rating and a $16.00 price target on the stock. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Clipper Realty presently has an average rating of “Buy” and an average target price of $15.00.

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Shares of NYSE:CLPR traded up $0.31 during midday trading on Wednesday, reaching $8.36. 12,789 shares of the company’s stock traded hands, compared to its average volume of 46,114. The company has a market cap of $146.07, a P/E ratio of 22.00 and a beta of -0.17. Clipper Realty has a one year low of $7.64 and a one year high of $13.00.

Clipper Realty (NYSE:CLPR) last announced its quarterly earnings results on Thursday, March 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.14). Clipper Realty had a negative net margin of 2.28% and a negative return on equity of 0.51%. The business had revenue of $27.32 million for the quarter, compared to the consensus estimate of $26.41 million. sell-side analysts expect that Clipper Realty will post 0.44 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Thursday, March 22nd were issued a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date was Wednesday, March 21st. Clipper Realty’s dividend payout ratio is 100.00%.

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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. For more information on Clipper Realty Inc, please visit www.clipperrealty.com.

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