Equities research analysts expect Clipper Realty Inc (NASDAQ:CLPR) to post sales of $26.51 million for the current quarter, Zacks reports. Two analysts have made estimates for Clipper Realty’s earnings, with the highest sales estimate coming in at $26.70 million and the lowest estimate coming in at $26.31 million. Clipper Realty posted sales of $24.24 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.4%. The firm is scheduled to announce its next quarterly earnings report on Thursday, March 29th.

On average, analysts expect that Clipper Realty will report full-year sales of $26.51 million for the current year, with estimates ranging from $102.94 million to $103.80 million. For the next financial year, analysts expect that the company will post sales of $110.87 million per share, with estimates ranging from $109.94 million to $111.80 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Clipper Realty.

CLPR has been the topic of a number of research reports. JMP Securities initiated coverage on Clipper Realty in a report on Monday, October 9th. They issued an “outperform” rating and a $17.00 price objective on the stock. Zacks Investment Research raised Clipper Realty from a “sell” rating to a “hold” rating in a report on Wednesday, August 30th. Finally, FBR & Co reissued a “buy” rating and issued a $16.00 price objective on shares of Clipper Realty in a report on Friday, October 27th.

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Clipper Realty (CLPR) opened at $11.00 on Friday.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Monday, November 6th will be issued a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 3.45%. The ex-dividend date is Friday, November 3rd.

A number of institutional investors have recently bought and sold shares of the stock. CI Investments Inc. grew its holdings in Clipper Realty by 0.9% during the second quarter. CI Investments Inc. now owns 286,200 shares of the company’s stock worth $3,532,000 after acquiring an additional 2,600 shares during the period. Citadel Advisors LLC acquired a new stake in Clipper Realty during the first quarter worth about $162,000. The Manufacturers Life Insurance Company acquired a new stake in Clipper Realty during the second quarter worth about $180,000. California State Teachers Retirement System grew its holdings in Clipper Realty by 132.5% during the second quarter. California State Teachers Retirement System now owns 26,500 shares of the company’s stock worth $327,000 after acquiring an additional 15,100 shares during the period. Finally, Teachers Insurance & Annuity Association of America acquired a new stake in Clipper Realty during the second quarter worth about $189,000.

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.

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

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