$0.12 Earnings Per Share Expected for Clipper Realty Inc (NYSE:CLPR) This Quarter

Brokerages expect Clipper Realty Inc (NYSE:CLPR) to announce earnings of $0.12 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Clipper Realty’s earnings. Clipper Realty reported earnings of $0.14 per share in the same quarter last year, which indicates a negative year over year growth rate of 14.3%. The business is scheduled to issue its next earnings results on Thursday, August 6th.

According to Zacks, analysts expect that Clipper Realty will report full-year earnings of $0.55 per share for the current financial year, with EPS estimates ranging from $0.54 to $0.56. For the next year, analysts forecast that the company will post earnings of $0.69 per share, with EPS estimates ranging from $0.68 to $0.70. Zacks’ EPS averages are an average based on a survey of analysts that cover Clipper Realty.

Clipper Realty (NYSE:CLPR) last announced its quarterly earnings results on Monday, May 11th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.13). The firm had revenue of $30.89 million during the quarter, compared to analyst estimates of $31.17 million. Clipper Realty had a negative net margin of 1.62% and a negative return on equity of 1.34%.

Several analysts have commented on CLPR shares. B. Riley raised their target price on shares of Clipper Realty from $14.00 to $17.00 in a report on Wednesday, June 10th. Zacks Investment Research downgraded shares of Clipper Realty from a “buy” rating to a “hold” rating in a report on Thursday, May 21st. Finally, ValuEngine upgraded shares of Clipper Realty from a “sell” rating to a “hold” rating in a report on Friday, May 1st.

In other Clipper Realty news, Director Sam Levinson purchased 14,334 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was bought at an average cost of $5.73 per share, with a total value of $82,133.82. Following the purchase, the director now directly owns 57,434 shares of the company’s stock, valued at $329,096.82. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO David Bistricer purchased 106,666 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were acquired at an average cost of $5.73 per share, with a total value of $611,196.18. Following the completion of the purchase, the chief executive officer now directly owns 4,278,058 shares in the company, valued at $24,513,272.34. The disclosure for this purchase can be found here. Company insiders own 37.69% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of CLPR. Citigroup Inc. grew its stake in shares of Clipper Realty by 151.5% in the fourth quarter. Citigroup Inc. now owns 3,020 shares of the company’s stock valued at $32,000 after buying an additional 1,819 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Clipper Realty by 94.3% in the first quarter. Russell Investments Group Ltd. now owns 11,481 shares of the company’s stock valued at $59,000 after buying an additional 5,572 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Clipper Realty by 14.8% in the first quarter. Alliancebernstein L.P. now owns 14,700 shares of the company’s stock valued at $76,000 after buying an additional 1,900 shares in the last quarter. Meeder Asset Management Inc. grew its stake in shares of Clipper Realty by 725.3% in the fourth quarter. Meeder Asset Management Inc. now owns 7,287 shares of the company’s stock valued at $78,000 after buying an additional 6,404 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Clipper Realty by 69.9% in the fourth quarter. Bank of America Corp DE now owns 9,510 shares of the company’s stock valued at $101,000 after buying an additional 3,911 shares in the last quarter. 70.27% of the stock is owned by institutional investors.

Shares of NYSE:CLPR traded up $0.07 during mid-day trading on Thursday, reaching $8.10. The stock had a trading volume of 68,523 shares, compared to its average volume of 77,246. The firm has a market cap of $134.32 million, a PE ratio of -67.83 and a beta of 1.04. The firm has a 50 day simple moving average of $7.05 and a two-hundred day simple moving average of $8.33. Clipper Realty has a twelve month low of $4.32 and a twelve month high of $12.05.

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

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