Brokerages Anticipate Clipper Realty Inc (NYSE:CLPR) Will Announce Earnings of $0.13 Per Share

Equities research analysts forecast that Clipper Realty Inc (NYSE:CLPR) will post $0.13 earnings per share for the current quarter, Zacks reports. 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 firm is scheduled to issue 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 year, analysts forecast that the firm 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 sell-side research analysts that follow Clipper Realty.

Clipper Realty (NYSE:CLPR) last released its earnings results on Thursday, August 1st. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03. Clipper Realty had a negative return on equity of 0.41% and a negative net margin of 0.58%. The firm had revenue of $28.45 million for the quarter, compared to analyst estimates of $28.08 million.

CLPR has been the topic of a number of research analyst reports. Zacks Investment Research lowered Clipper Realty from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 15th. ValuEngine raised Clipper Realty from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd.

Shares of NYSE CLPR traded up $0.56 during mid-day trading on Thursday, reaching $9.36. 306,900 shares of the company’s stock were exchanged, compared to its average volume of 30,760. The firm has a market capitalization of $159.09 million, a price-to-earnings ratio of 20.80 and a beta of 0.06. The business has a fifty day simple moving average of $10.34 and a 200 day simple moving average of $11.73. Clipper Realty has a twelve month low of $8.50 and a twelve month high of $14.38.

Hedge funds have recently bought and sold shares of the business. FMR LLC boosted its stake in shares of Clipper Realty by 19.6% during the 1st quarter. FMR LLC now owns 2,627,277 shares of the company’s stock worth $35,180,000 after acquiring an additional 430,053 shares during the period. Vanguard Group Inc. boosted its stake in shares of Clipper Realty by 54.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,119,083 shares of the company’s stock worth $12,512,000 after acquiring an additional 393,635 shares during the period. BlackRock Inc. boosted its stake in shares of Clipper Realty by 4.2% during the 2nd quarter. BlackRock Inc. now owns 807,040 shares of the company’s stock worth $9,022,000 after acquiring an additional 32,795 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Clipper Realty by 22.1% during the 2nd quarter. Renaissance Technologies LLC now owns 254,557 shares of the company’s stock worth $2,846,000 after acquiring an additional 46,005 shares during the period. Finally, State of New Jersey Common Pension Fund D boosted its stake in shares of Clipper Realty by 7.1% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 225,500 shares of the company’s stock worth $2,521,000 after acquiring an additional 15,000 shares during the period. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Clipper Realty Company Profile

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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