Brokerages expect Clipper Realty Inc (NASDAQ:CLPR) to post sales of $26.15 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Clipper Realty’s earnings. The highest sales estimate is $26.40 million and the lowest is $25.89 million. The business is expected to announce its next quarterly earnings report on Thursday, October 26th.

On average, analysts expect that Clipper Realty will report full year sales of $26.15 million for the current year, with estimates ranging from $102.84 million to $103.80 million. For the next fiscal year, analysts forecast that the business will post sales of $109.93 million per share, with estimates ranging from $108.05 million to $111.80 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Clipper Realty.

CLPR has been the topic of several research reports. FBR & Co reissued a “buy” rating on shares of Clipper Realty in a research report on Tuesday, May 16th. Zacks Investment Research raised shares of Clipper Realty from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Friday, May 26th.

TRADEMARK VIOLATION NOTICE: This article was first posted by American Banking News and is the property of of American Banking News. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States and international copyright legislation. The legal version of this article can be read at https://www.americanbankingnews.com/2017/09/09/clipper-realty-inc-clpr-expected-to-post-quarterly-sales-of-26-15-million.html.

Clipper Realty (NASDAQ:CLPR) opened at 10.93 on Friday. The firm’s 50-day moving average is $10.97 and its 200-day moving average is $11.86. Clipper Realty has a 52-week low of $9.98 and a 52-week high of $15.00. The stock’s market cap is $194.69 million.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, August 7th were given a dividend of $0.095 per share. The ex-dividend date was Thursday, August 3rd. This represents a $0.38 annualized dividend and a dividend yield of 3.48%.

Large investors have recently modified their holdings of the stock. Citadel Advisors LLC acquired a new stake in Clipper Realty in the first quarter valued at approximately $162,000. The Manufacturers Life Insurance Company acquired a new stake in Clipper Realty in the second quarter valued at approximately $180,000. Teachers Insurance & Annuity Association of America acquired a new stake in Clipper Realty in the second quarter valued at approximately $189,000. New York State Common Retirement Fund acquired a new stake in Clipper Realty in the second quarter valued at approximately $196,000. Finally, Bank of New York Mellon Corp acquired a new stake in Clipper Realty in the first quarter valued at approximately $217,000.

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.

Get a free copy of the Zacks research report on Clipper Realty (CLPR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Clipper Realty Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clipper Realty Inc and related companies with MarketBeat.com's FREE daily email newsletter.