Zacks: Brokerages Anticipate CLIPPER Rlty In/SH 144A (CLPR) Will Post Earnings of $0.13 Per Share
Wall Street brokerages expect CLIPPER Rlty In/SH 144A (NYSE:CLPR) to report earnings per share (EPS) of $0.13 for the current quarter, according to Zacks. Two analysts have made estimates for CLIPPER Rlty In/SH 144A’s earnings, with estimates ranging from $0.12 to $0.13. CLIPPER Rlty In/SH 144A reported earnings of $0.10 per share during the same quarter last year, which would suggest a positive year over year growth rate of 30%. The firm is scheduled to announce its next earnings results on Thursday, March 14th.
On average, analysts expect that CLIPPER Rlty In/SH 144A will report full year earnings of $0.45 per share for the current fiscal year, with EPS estimates ranging from $0.44 to $0.46. For the next financial year, analysts expect that the firm will report earnings of $0.56 per share, with EPS estimates ranging from $0.53 to $0.59. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow CLIPPER Rlty In/SH 144A.
A number of brokerages have commented on CLPR. Zacks Investment Research downgraded shares of CLIPPER Rlty In/SH 144A from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 10th. ValuEngine raised shares of CLIPPER Rlty In/SH 144A from a “hold” rating to a “buy” rating in a research report on Friday, October 19th.
Shares of NYSE:CLPR traded up $0.09 during trading hours on Friday, reaching $12.39. The stock had a trading volume of 25,600 shares, compared to its average volume of 45,281. CLIPPER Rlty In/SH 144A has a 1 year low of $7.62 and a 1 year high of $14.38. The company has a market cap of $219.10 million, a PE ratio of 32.50 and a beta of 0.73.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 20th. Shareholders of record on Wednesday, November 14th were given a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend was Tuesday, November 13th. CLIPPER Rlty In/SH 144A’s dividend payout ratio is presently 100.00%.
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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