Brokerages Anticipate Clipper Realty Inc (CLPR) to Post $0.11 EPS

Wall Street analysts forecast that Clipper Realty Inc (NYSE:CLPR) will post earnings of $0.11 per share for the current quarter, Zacks reports. Two analysts have provided estimates for Clipper Realty’s earnings. The highest EPS estimate is $0.11 and the lowest is $0.10. Clipper Realty reported earnings of $0.10 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 10%. The company is scheduled to issue its next earnings results on Monday, May 21st.

On average, analysts expect that Clipper Realty will report full-year earnings of $0.44 per share for the current fiscal year, with EPS estimates ranging from $0.41 to $0.46. For the next financial year, analysts forecast that the business will report earnings of $0.54 per share, with EPS estimates ranging from $0.48 to $0.59. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Clipper Realty.

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Clipper Realty (NYSE:CLPR) last posted its earnings results on Thursday, March 8th. The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.14). The business had revenue of $27.32 million for the quarter, compared to analyst estimates of $26.41 million. Clipper Realty had a negative return on equity of 0.51% and a negative net margin of 2.28%.

Several equities research analysts have recently issued reports on the company. B. Riley assumed coverage on Clipper Realty in a research report on Monday, March 12th. They issued a “buy” rating and a $16.00 price target on the stock. Zacks Investment Research raised Clipper Realty from a “strong sell” rating to a “hold” rating in a research report on Monday, February 5th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $15.00.

Several large investors have recently modified their holdings of CLPR. Kennedy Capital Management Inc. acquired a new stake in shares of Clipper Realty in the fourth quarter valued at about $1,273,000. State Street Corp lifted its stake in shares of Clipper Realty by 410.5% in the second quarter. State Street Corp now owns 158,246 shares of the company’s stock valued at $1,952,000 after buying an additional 127,246 shares during the period. CI Investments Inc. lifted its stake in shares of Clipper Realty by 19.0% in the fourth quarter. CI Investments Inc. now owns 346,428 shares of the company’s stock valued at $3,461,000 after buying an additional 55,328 shares during the period. Northern Trust Corp lifted its stake in shares of Clipper Realty by 374.0% in the second quarter. Northern Trust Corp now owns 58,270 shares of the company’s stock valued at $719,000 after buying an additional 45,976 shares during the period. Finally, Susquehanna International Group LLP bought a new stake in shares of Clipper Realty in the third quarter valued at about $429,000. 56.76% of the stock is currently owned by institutional investors.

Clipper Realty stock opened at $8.28 on Friday. The firm has a market cap of $147.49, a price-to-earnings ratio of 21.79 and a beta of -0.17. Clipper Realty has a one year low of $7.64 and a one year high of $13.00.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 22nd were given a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 4.59%. The ex-dividend date of this dividend was Wednesday, March 21st. Clipper Realty’s dividend payout ratio is currently 100.00%.

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About Clipper Realty

Clipper Realty, Inc is a real estate investment trust, which acquires, owns, manages, operates and repositions multi-family residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn. The Company’s segments include Commercial and Residential. As of June 30, 2016, it owned two residential/retail rental properties at 50 Murray Street and 53 Park Place in the Tribeca neighborhood of Manhattan, referred to as the Tribeca House properties.

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

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