Wall Street analysts expect that Clipper Realty Inc (NYSE:CLPR) will announce $0.12 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Clipper Realty’s earnings. Clipper Realty posted earnings of $0.13 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 7.7%. The firm is scheduled to report its next quarterly earnings report after the market closes on Tuesday, November 12th.
According to Zacks, analysts expect that Clipper Realty will report full-year earnings of $0.50 per share for the current financial year. For the next fiscal year, analysts expect that the company will post earnings of $0.62 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Clipper Realty.
A number of research firms have commented on CLPR. Zacks Investment Research cut shares of Clipper Realty from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. B. Riley set a $18.00 price objective on shares of Clipper Realty and gave the company a “buy” rating in a research note on Thursday, October 17th. Finally, ValuEngine raised shares of Clipper Realty from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd.
CLPR opened at $10.20 on Friday. The stock has a market cap of $189.78 million, a PE ratio of 22.67 and a beta of 0.05. The company has a fifty day moving average of $9.76 and a 200-day moving average of $11.30. Clipper Realty has a twelve month low of $8.50 and a twelve month high of $14.33.
Institutional investors and hedge funds have recently bought and sold shares of the company. FMR LLC grew its stake in Clipper Realty by 19.6% during the first quarter. FMR LLC now owns 2,627,277 shares of the company’s stock valued at $35,180,000 after acquiring an additional 430,053 shares in the last quarter. Vanguard Group Inc. increased its position in Clipper Realty by 54.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,119,083 shares of the company’s stock valued at $12,512,000 after purchasing an additional 393,635 shares during the period. BlackRock Inc. increased its position in Clipper Realty by 4.2% during the 2nd quarter. BlackRock Inc. now owns 807,040 shares of the company’s stock valued at $9,022,000 after purchasing an additional 32,795 shares during the period. Renaissance Technologies LLC increased its position in Clipper Realty by 22.1% during the 2nd quarter. Renaissance Technologies LLC now owns 254,557 shares of the company’s stock valued at $2,846,000 after purchasing an additional 46,005 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its position in 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 valued at $2,521,000 after purchasing an additional 15,000 shares during the period. Hedge funds and other institutional investors own 70.28% of the company’s stock.
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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