Brokerages forecast that Clipper Realty Inc (NYSE:CLPR) will announce earnings per share of $0.13 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Clipper Realty’s earnings. The highest EPS estimate is $0.13 and the lowest is $0.12. Clipper Realty also reported earnings per share of $0.13 in the same quarter last year. The company is scheduled to report its next earnings report on Thursday, November 7th.
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 fiscal year, analysts forecast that the company will report earnings of $0.61 per share, with EPS estimates ranging from $0.59 to $0.62. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Clipper Realty.
Clipper Realty (NYSE:CLPR) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.03. The company had revenue of $28.45 million during the quarter, compared to analysts’ expectations of $28.08 million. Clipper Realty had a negative net margin of 0.58% and a negative return on equity of 0.41%.
CLPR has been the subject of several research reports. ValuEngine lowered shares of Clipper Realty from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Zacks Investment Research raised shares of Clipper Realty from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Tuesday, May 28th.
A number of hedge funds have recently made changes to their positions in the stock. Northern Trust Corp boosted its holdings in shares of Clipper Realty by 0.7% during the 4th quarter. Northern Trust Corp now owns 167,206 shares of the company’s stock valued at $2,186,000 after acquiring an additional 1,107 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in shares of Clipper Realty by 7.7% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 210,500 shares of the company’s stock valued at $2,819,000 after acquiring an additional 15,000 shares during the last quarter. FMR LLC boosted its holdings in shares of Clipper Realty by 65.5% during the 4th quarter. FMR LLC now owns 2,197,224 shares of the company’s stock valued at $28,717,000 after acquiring an additional 869,790 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Clipper Realty by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 121,373 shares of the company’s stock valued at $1,586,000 after acquiring an additional 7,150 shares during the last quarter. Finally, AJO LP boosted its holdings in shares of Clipper Realty by 18.2% during the 1st quarter. AJO LP now owns 40,023 shares of the company’s stock valued at $536,000 after acquiring an additional 6,172 shares during the last quarter. 69.57% of the stock is currently owned by institutional investors.
Shares of Clipper Realty stock traded down $0.13 during trading on Friday, hitting $11.00. The company’s stock had a trading volume of 17,900 shares, compared to its average volume of 23,421. The business’s fifty day moving average price is $11.04. The firm has a market capitalization of $197.39 million, a P/E ratio of 24.44 and a beta of 0.05. Clipper Realty has a 52 week low of $9.80 and a 52 week high of $14.38.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 21st. Investors of record on Tuesday, August 13th will be given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 3.45%. The ex-dividend date is Monday, August 12th. Clipper Realty’s dividend payout ratio (DPR) is 84.44%.
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.
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