Press coverage about Clipper Realty (NYSE:CLPR) has trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Clipper Realty earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.6508145423904 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
CLPR stock remained flat at $$7.76 during midday trading on Monday. 19,291 shares of the company’s stock were exchanged, compared to its average volume of 45,661. The company has a market cap of $138.23, a price-to-earnings ratio of 20.42 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.
Clipper Realty (NYSE:CLPR) last announced its quarterly earnings results on Thursday, March 8th. The company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.14). The business had revenue of $27.32 million for the quarter, compared to the consensus estimate of $26.41 million. Clipper Realty had a negative net margin of 2.28% and a negative return on equity of 0.51%. analysts forecast that Clipper Realty will post 0.45 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Thursday, March 22nd were paid a dividend of $0.095 per share. The ex-dividend date was Wednesday, March 21st. This represents a $0.38 dividend on an annualized basis and a yield of 4.90%. Clipper Realty’s dividend payout ratio (DPR) is presently 100.00%.
Several research firms have recently weighed in on CLPR. B. Riley set a $16.00 price objective on shares of Clipper Realty and gave the company a “buy” rating in a research note on Friday, January 19th. Raymond James decreased their price target on shares of Clipper Realty from $14.00 to $9.50 and set an “outperform” rating for the company in a research note on Thursday. Finally, Zacks Investment Research upgraded shares of Clipper Realty from a “strong sell” rating to a “hold” rating in a research note on Monday, February 5th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $14.10.
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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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