Clipper Realty Inc. (NYSE:CLPR) Expected to Announce Quarterly Sales of $32.16 Million

Analysts predict that Clipper Realty Inc. (NYSE:CLPR – Get Rating) will announce $32.16 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Clipper Realty’s earnings. The highest sales estimate is $32.81 million and the lowest is $31.50 million. Clipper Realty posted sales of $30.67 million in the same quarter last year, which would indicate a positive year over year growth rate of 4.9%. The firm is scheduled to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Clipper Realty will report full year sales of $129.66 million for the current fiscal year, with estimates ranging from $126.90 million to $132.42 million. For the next financial year, analysts expect that the firm will report sales of $136.80 million, with estimates ranging from $135.20 million to $138.40 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Clipper Realty.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA lifted its holdings in shares of Clipper Realty by 150.0% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 3,167 shares of the company’s stock worth $26,000 after buying an additional 1,900 shares during the period. Citigroup Inc. increased its position in Clipper Realty by 123.4% during the 4th quarter. Citigroup Inc. now owns 3,107 shares of the company’s stock valued at $31,000 after buying an additional 1,716 shares in the last quarter. Daiwa Securities Group Inc. increased its position in Clipper Realty by 165.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,099 shares of the company’s stock valued at $41,000 after buying an additional 2,554 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Clipper Realty in the fourth quarter valued at about $54,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of Clipper Realty in the fourth quarter valued at about $60,000. Institutional investors own 39.59% of the company’s stock.

NYSE CLPR opened at $8.84 on Friday. The company has a market cap of $141.97 million, a P/E ratio of -20.56 and a beta of 0.93. The business’s 50 day moving average price is $9.06 and its 200-day moving average price is $9.24. Clipper Realty has a fifty-two week low of $7.15 and a fifty-two week high of $10.41.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 27th. Stockholders of record on Friday, May 20th will be given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 4.30%. The ex-dividend date of this dividend is Thursday, May 19th. Clipper Realty’s dividend payout ratio is currently -88.37%.

Clipper Realty Company Profile (Get Rating)

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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