Wall Street brokerages expect Clipper Realty Inc (NYSE:CLPR) to report $0.13 earnings per share for the current quarter, Zacks reports. Two analysts have issued estimates for Clipper Realty’s earnings, with estimates ranging from $0.12 to $0.13. Clipper Realty also reported earnings per share of $0.13 during the same quarter last year. The company is scheduled to report its next quarterly earnings report on Thursday, November 7th.
According to Zacks, analysts expect that Clipper Realty will report full year earnings of $0.50 per share for the current financial year. For the next year, analysts anticipate that the business will report earnings of $0.61 per share, with EPS estimates ranging from $0.59 to $0.62. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Clipper Realty.
Clipper Realty (NYSE:CLPR) last issued 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 return on equity of 0.41% and a negative net margin of 0.58%.
A number of brokerages have issued reports on CLPR. Zacks Investment Research cut Clipper Realty from a “strong-buy” rating to a “hold” rating in a report on Thursday. ValuEngine cut Clipper Realty from a “buy” rating to a “hold” rating in a report on Friday, July 19th.
Shares of NYSE CLPR traded up $0.02 during midday trading on Friday, reaching $11.02. 11,800 shares of the company traded hands, compared to its average volume of 22,505. The firm has a market cap of $195.96 million, a PE ratio of 24.49 and a beta of 0.05. The stock’s 50-day simple moving average is $11.03 and its 200-day simple moving average is $12.48. Clipper Realty has a 12 month low of $9.80 and a 12 month high of $14.38.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Tuesday, August 13th will be issued a dividend of $0.095 per share. The ex-dividend date of this dividend is Monday, August 12th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 3.45%. Clipper Realty’s payout ratio is presently 84.44%.
Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Clipper Realty by 54.3% in the second quarter. Vanguard Group Inc. now owns 1,119,083 shares of the company’s stock valued at $12,512,000 after purchasing an additional 393,635 shares in the last quarter. BlackRock Inc. grew its position in shares of Clipper Realty by 4.2% in the second quarter. BlackRock Inc. now owns 807,040 shares of the company’s stock valued at $9,022,000 after purchasing an additional 32,795 shares in the last quarter. Northern Trust Corp grew its position in shares of Clipper Realty by 0.6% in the second quarter. Northern Trust Corp now owns 168,853 shares of the company’s stock valued at $1,888,000 after purchasing an additional 988 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Clipper Realty by 22.1% in the second quarter. Renaissance Technologies LLC now owns 254,557 shares of the company’s stock valued at $2,846,000 after purchasing an additional 46,005 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Clipper Realty by 6.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 35,812 shares of the company’s stock valued at $401,000 after purchasing an additional 2,200 shares in the last quarter. Institutional investors own 69.57% of the company’s stock.
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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