Analysts Anticipate Clipper Realty (CLPR) Will Announce Earnings of $0.11 Per Share

Equities research analysts predict that Clipper Realty (NYSE:CLPR) will post earnings of $0.11 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Clipper Realty’s earnings. Clipper Realty reported earnings per share of $0.09 in the same quarter last year, which would suggest a positive year-over-year growth rate of 22.2%. The business is expected to announce its next earnings results on Thursday, July 26th.

On average, analysts expect that Clipper Realty will report full year earnings of $0.43 per share for the current financial year. For the next financial year, analysts anticipate that the company will report earnings of $0.56 per share. Zacks’ EPS calculations are an average based on a survey of analysts that follow Clipper Realty.

Clipper Realty (NYSE:CLPR) last released its quarterly earnings data on Thursday, March 8th. The company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.14). The company had revenue of $27.32 million for the quarter, compared to analyst estimates of $26.41 million. Clipper Realty had a negative return on equity of 2.97% and a negative net margin of 5.24%.

A number of equities analysts have weighed in on the company. Zacks Investment Research lowered Clipper Realty from a “buy” rating to a “hold” rating in a research note on Wednesday, May 9th. B. Riley began coverage on Clipper Realty in a research note on Monday, March 12th. They set a “buy” rating and a $16.00 price objective on the stock. Finally, Raymond James decreased their price target on Clipper Realty from $14.00 to $9.50 and set an “outperform” rating on the stock in a research note on Thursday, April 19th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $13.60.

Institutional investors have recently made changes to their positions in the company. TCW Group Inc. lifted its stake in shares of Clipper Realty by 20.6% in the 4th quarter. TCW Group Inc. now owns 68,954 shares of the company’s stock valued at $689,000 after purchasing an additional 11,795 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Clipper Realty in the 4th quarter valued at $115,000. CI Investments Inc. lifted its stake in shares of Clipper Realty by 19.0% in the 4th quarter. CI Investments Inc. now owns 346,428 shares of the company’s stock valued at $3,461,000 after purchasing an additional 55,328 shares during the last quarter. Kennedy Capital Management Inc. acquired a new position in shares of Clipper Realty in the 4th quarter valued at $1,273,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Clipper Realty by 61.8% in the 4th quarter. Bank of New York Mellon Corp now owns 97,564 shares of the company’s stock valued at $975,000 after purchasing an additional 37,272 shares during the last quarter. 56.98% of the stock is currently owned by institutional investors and hedge funds.

NYSE CLPR traded up $0.19 on Friday, reaching $9.18. 48,361 shares of the company were exchanged, compared to its average volume of 25,375. The firm has a market capitalization of $160.14 million, a P/E ratio of 24.16 and a beta of -0.16. Clipper Realty has a fifty-two week low of $7.62 and a fifty-two week high of $13.00.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 29th. Stockholders of record on Tuesday, May 22nd will be paid a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend is Monday, May 21st. Clipper Realty’s dividend payout ratio (DPR) is presently 100.00%.

Clipper Realty Company Profile

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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Earnings History and Estimates for Clipper Realty (NYSE:CLPR)

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