Equities research analysts expect Clipper Realty Inc (NYSE:CLPR) to post earnings per share of $0.12 for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Clipper Realty’s earnings. Clipper Realty also posted earnings per share of $0.12 in the same quarter last year. The business is scheduled to announce its next quarterly earnings results on Wednesday, August 14th.
On average, analysts expect that Clipper Realty will report full-year earnings of $0.50 per share for the current fiscal year. For the next year, analysts expect that the company will post earnings of $0.59 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Clipper Realty.
A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Hanger from a “hold” rating to a “sell” rating in a report on Tuesday, May 28th. Raymond James reissued a “market perform” rating and set a C$43.00 price target on shares of Snc-Lavalin Group in a report on Wednesday, March 27th.
CLPR stock traded down $0.24 during midday trading on Thursday, reaching $10.69. 23,165 shares of the company’s stock traded hands, compared to its average volume of 75,784. The company has a market cap of $194.54 million, a P/E ratio of 23.76 and a beta of 0.05. Clipper Realty has a fifty-two week low of $9.93 and a fifty-two week high of $14.38. The stock’s 50-day simple moving average is $12.04.
Institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC raised its holdings in Clipper Realty by 65.5% during the 4th quarter. FMR LLC now owns 2,197,224 shares of the company’s stock worth $28,717,000 after buying an additional 869,790 shares during the period. Cadence Capital Management LLC bought a new stake in shares of Clipper Realty during the first quarter worth $2,523,000. State of New Jersey Common Pension Fund D grew its holdings in shares of Clipper Realty by 7.7% during the first quarter. State of New Jersey Common Pension Fund D now owns 210,500 shares of the company’s stock worth $2,819,000 after purchasing an additional 15,000 shares during the last quarter. B. Riley Wealth Management Inc. bought a new stake in shares of Clipper Realty during the first quarter worth $148,000. Finally, Forward Management LLC grew its holdings in shares of Clipper Realty by 1.1% during the first quarter. Forward Management LLC now owns 960,485 shares of the company’s stock worth $12,861,000 after purchasing an additional 10,485 shares during the last quarter. 69.61% of the stock is owned by institutional investors.
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.
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