Clipper Realty Inc. (NYSE:CLPR) Expected to Post Earnings of $0.11 Per Share

Wall Street analysts expect Clipper Realty Inc. (NYSE:CLPRGet Rating) to announce $0.11 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Clipper Realty’s earnings. The lowest EPS estimate is $0.09 and the highest is $0.13. Clipper Realty reported earnings of $0.10 per share in the same quarter last year, which indicates a positive year over year growth rate of 10%. The firm is scheduled to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Clipper Realty will report full-year earnings of $0.43 per share for the current year, with EPS estimates ranging from $0.34 to $0.52. For the next fiscal year, analysts forecast that the business will post earnings of $0.47 per share, with EPS estimates ranging from $0.37 to $0.56. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Clipper Realty.

CLPR stock traded down $0.13 during trading on Friday, reaching $8.59. 82,506 shares of the stock were exchanged, compared to its average volume of 68,960. The stock has a 50 day simple moving average of $9.01 and a 200-day simple moving average of $9.22. The company has a market capitalization of $137.98 million, a P/E ratio of -20.28 and a beta of 0.93. Clipper Realty has a twelve month low of $7.15 and a twelve month high of $10.41.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 27th. Shareholders of record on Friday, May 20th will be issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date is Thursday, May 19th. Clipper Realty’s payout ratio is -88.37%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its holdings in Clipper Realty by 1.0% during the first quarter. Dimensional Fund Advisors LP now owns 140,187 shares of the company’s stock valued at $1,272,000 after purchasing an additional 1,424 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of Clipper Realty by 1.2% in the 4th quarter. LPL Financial LLC now owns 121,355 shares of the company’s stock worth $1,206,000 after acquiring an additional 1,425 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Clipper Realty by 5.8% in the 2nd quarter. Morgan Stanley now owns 29,604 shares of the company’s stock worth $218,000 after acquiring an additional 1,611 shares in the last quarter. Citigroup Inc. boosted its holdings in shares of Clipper Realty by 123.4% in the 4th quarter. Citigroup Inc. now owns 3,107 shares of the company’s stock worth $31,000 after acquiring an additional 1,716 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in shares of Clipper Realty by 17.8% in the 4th quarter. Squarepoint Ops LLC now owns 12,086 shares of the company’s stock worth $120,000 after acquiring an additional 1,824 shares in the last quarter. 39.59% of the stock is currently owned by institutional investors.

Clipper Realty Company Profile (Get Rating)

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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Earnings History and Estimates for Clipper Realty (NYSE:CLPR)

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