Wall Street brokerages predict that CLIPPER Rlty In/SH 144A (NYSE:CLPR) will announce $0.13 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for CLIPPER Rlty In/SH 144A’s earnings, with estimates ranging from $0.12 to $0.13. CLIPPER Rlty In/SH 144A reported earnings of $0.09 per share in the same quarter last year, which indicates a positive year over year growth rate of 44.4%. The company is scheduled to report its next quarterly earnings report on Thursday, October 25th.
According to Zacks, analysts expect that CLIPPER Rlty In/SH 144A will report full year earnings of $0.46 per share for the current year, with EPS estimates ranging from $0.44 to $0.48. For the next year, analysts expect that the company will report earnings of $0.56 per share, with EPS estimates ranging from $0.53 to $0.59. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover CLIPPER Rlty In/SH 144A.
CLIPPER Rlty In/SH 144A (NYSE:CLPR) last announced its quarterly earnings data on Wednesday, August 8th. The company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.02. The company had revenue of $27.30 million for the quarter, compared to analysts’ expectations of $27.71 million. CLIPPER Rlty In/SH 144A had a negative return on equity of 2.65% and a negative net margin of 4.42%.
A number of equities analysts recently weighed in on CLPR shares. Zacks Investment Research raised CLIPPER Rlty In/SH 144A from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Wednesday, August 15th. ValuEngine cut CLIPPER Rlty In/SH 144A from a “hold” rating to a “sell” rating in a research note on Tuesday, May 22nd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $14.30.
Shares of NYSE CLPR traded up $0.20 during trading hours on Monday, reaching $12.29. 30,000 shares of the stock traded hands, compared to its average volume of 47,467. The stock has a market cap of $208.77 million, a price-to-earnings ratio of 31.62 and a beta of 1.33. CLIPPER Rlty In/SH 144A has a 52-week low of $7.62 and a 52-week high of $12.64.
The business also recently declared a quarterly dividend, which was paid on Monday, August 27th. Shareholders of record on Monday, August 20th were paid a $0.095 dividend. The ex-dividend date was Friday, August 17th. This represents a $0.38 dividend on an annualized basis and a yield of 3.09%. CLIPPER Rlty In/SH 144A’s dividend payout ratio (DPR) is currently 100.00%.
Institutional investors have recently made changes to their positions in the business. Cove Street Capital LLC purchased a new position in CLIPPER Rlty In/SH 144A in the 1st quarter worth approximately $166,000. Teachers Insurance & Annuity Association of America increased its stake in CLIPPER Rlty In/SH 144A by 38.9% in the 1st quarter. Teachers Insurance & Annuity Association of America now owns 21,288 shares of the company’s stock worth $180,000 after purchasing an additional 5,958 shares during the period. Deutsche Bank AG increased its stake in CLIPPER Rlty In/SH 144A by 156.1% in the 4th quarter. Deutsche Bank AG now owns 35,614 shares of the company’s stock worth $354,000 after purchasing an additional 21,708 shares during the period. State of New Jersey Common Pension Fund D increased its stake in CLIPPER Rlty In/SH 144A by 44.6% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 126,500 shares of the company’s stock worth $1,071,000 after purchasing an additional 39,000 shares during the period. Finally, BlackRock Inc. increased its stake in CLIPPER Rlty In/SH 144A by 1.0% in the 2nd quarter. BlackRock Inc. now owns 736,240 shares of the company’s stock worth $6,287,000 after purchasing an additional 7,330 shares during the period. 56.04% of the stock is currently owned by institutional investors and hedge funds.
About CLIPPER Rlty In/SH 144A
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 the Company, please visit www.clipperrealty.com.
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