Wall Street analysts forecast that CLIPPER Rlty In/SH 144A (NYSE:CLPR) will announce $28.53 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for CLIPPER Rlty In/SH 144A’s earnings, with the lowest sales estimate coming in at $28.36 million and the highest estimate coming in at $28.70 million. CLIPPER Rlty In/SH 144A posted sales of $27.32 million in the same quarter last year, which suggests a positive year over year growth rate of 4.4%. The company is scheduled to report its next quarterly earnings results on Thursday, March 14th.
On average, analysts expect that CLIPPER Rlty In/SH 144A will report full-year sales of $110.69 million for the current financial year, with estimates ranging from $110.47 million to $110.90 million. For the next fiscal year, analysts forecast that the firm will post sales of $121.22 million, with estimates ranging from $120.64 million to $121.80 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow CLIPPER Rlty In/SH 144A.
Several brokerages recently commented on CLPR. Zacks Investment Research lowered CLIPPER Rlty In/SH 144A from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 10th. ValuEngine upgraded CLIPPER Rlty In/SH 144A from a “hold” rating to a “buy” rating in a report on Friday, October 19th.
Shares of CLIPPER Rlty In/SH 144A stock opened at $12.90 on Monday. CLIPPER Rlty In/SH 144A has a one year low of $7.62 and a one year high of $14.38. The stock has a market cap of $229.79 million, a P/E ratio of 33.95 and a beta of 0.76.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 20th. Shareholders of record on Wednesday, November 14th were issued a $0.095 dividend. The ex-dividend date was Tuesday, November 13th. This represents a $0.38 annualized dividend and a yield of 2.95%. CLIPPER Rlty In/SH 144A’s payout ratio is currently 100.00%.
A number of large investors have recently made changes to their positions in the business. FMR LLC bought a new position in CLIPPER Rlty In/SH 144A in the third quarter worth approximately $17,960,000. BlackRock Inc. boosted its holdings in CLIPPER Rlty In/SH 144A by 1.7% in the third quarter. BlackRock Inc. now owns 748,564 shares of the company’s stock worth $10,128,000 after acquiring an additional 12,324 shares in the last quarter. Vanguard Group Inc. boosted its holdings in CLIPPER Rlty In/SH 144A by 1.8% in the third quarter. Vanguard Group Inc. now owns 646,633 shares of the company’s stock worth $8,749,000 after acquiring an additional 11,348 shares in the last quarter. Monashee Investment Management LLC bought a new position in CLIPPER Rlty In/SH 144A in the third quarter worth approximately $2,570,000. Finally, Northern Trust Corp boosted its holdings in CLIPPER Rlty In/SH 144A by 3.3% in the second quarter. Northern Trust Corp now owns 162,332 shares of the company’s stock worth $1,386,000 after acquiring an additional 5,233 shares in the last quarter. Institutional investors and hedge funds own 64.54% of the company’s stock.
About CLIPPER Rlty In/SH 144A
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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