B. Riley Comments on Clipper Realty Inc.’s FY2022 Earnings (NYSE:CLPR)

Clipper Realty Inc. (NYSE:CLPRGet Rating) – Equities research analysts at B. Riley reduced their FY2022 earnings per share estimates for shares of Clipper Realty in a research report issued on Monday, November 14th. B. Riley analyst C. Kucera now anticipates that the company will earn $0.42 per share for the year, down from their previous estimate of $0.45. The consensus estimate for Clipper Realty’s current full-year earnings is $0.45 per share. B. Riley also issued estimates for Clipper Realty’s Q4 2022 earnings at $0.13 EPS, Q1 2023 earnings at $0.11 EPS, Q3 2023 earnings at $0.12 EPS and FY2023 earnings at $0.49 EPS.

Clipper Realty Stock Performance

Clipper Realty stock opened at $7.45 on Thursday. Clipper Realty has a fifty-two week low of $6.36 and a fifty-two week high of $10.41. The company has a market capitalization of $119.67 million, a P/E ratio of -18.17 and a beta of 1.03. The stock has a 50-day simple moving average of $7.21 and a 200-day simple moving average of $8.01.

Institutional Trading of Clipper Realty

Several institutional investors and hedge funds have recently made changes to their positions in CLPR. FMR LLC lifted its holdings in shares of Clipper Realty by 38.6% in the 2nd quarter. FMR LLC now owns 1,094,811 shares of the company’s stock valued at $8,452,000 after purchasing an additional 304,762 shares during the last quarter. Oppenheimer & Close LLC purchased a new stake in Clipper Realty during the 3rd quarter valued at approximately $673,000. Dupont Capital Management Corp purchased a new stake in Clipper Realty during the 2nd quarter valued at approximately $160,000. Stockman Wealth Management Inc. purchased a new stake in Clipper Realty during the 1st quarter valued at approximately $159,000. Finally, Equitable Holdings Inc. purchased a new stake in Clipper Realty during the 3rd quarter valued at approximately $91,000. 34.20% of the stock is owned by hedge funds and other institutional investors.

Clipper Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 25th. Stockholders of record on Monday, November 21st will be issued a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 5.10%. The ex-dividend date is Friday, November 18th. Clipper Realty’s payout ratio is currently -92.68%.

Clipper Realty Company Profile

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

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