Zacks: Analysts Anticipate CLIPPER Rlty In/SH 144A (CLPR) to Post $0.13 EPS

Wall Street analysts expect that CLIPPER Rlty In/SH 144A (NYSE:CLPR) will announce $0.13 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for CLIPPER Rlty In/SH 144A’s earnings, with the highest EPS estimate coming in at $0.13 and the lowest estimate coming in at $0.12. CLIPPER Rlty In/SH 144A reported earnings per share of $0.10 in the same quarter last year, which would suggest a positive year over year growth rate of 30%. The company is expected to announce its next quarterly earnings results on Thursday, March 14th.

According to Zacks, analysts expect that CLIPPER Rlty In/SH 144A will report full-year earnings of $0.45 per share for the current financial year, with EPS estimates ranging from $0.44 to $0.46. For the next fiscal year, analysts forecast that the firm will post earnings of $0.56 per share, with EPS estimates ranging from $0.53 to $0.59. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for CLIPPER Rlty In/SH 144A.

CLPR has been the topic of several research reports. Zacks Investment Research raised shares of CLIPPER Rlty In/SH 144A from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Wednesday, August 15th. ValuEngine raised shares of CLIPPER Rlty In/SH 144A from a “hold” rating to a “buy” rating in a report on Friday, October 19th.

A number of hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in CLIPPER Rlty In/SH 144A by 671.5% in the third quarter. JPMorgan Chase & Co. now owns 23,756 shares of the company’s stock worth $322,000 after purchasing an additional 20,677 shares during the last quarter. Dimensional Fund Advisors LP purchased a new position in CLIPPER Rlty In/SH 144A in the third quarter worth $475,000. Bank of New York Mellon Corp grew its holdings in CLIPPER Rlty In/SH 144A by 12.5% in the third quarter. Bank of New York Mellon Corp now owns 83,468 shares of the company’s stock worth $1,129,000 after purchasing an additional 9,258 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in CLIPPER Rlty In/SH 144A by 19.8% in the second quarter. State of New Jersey Common Pension Fund D now owns 151,500 shares of the company’s stock worth $1,294,000 after purchasing an additional 25,000 shares during the last quarter. Finally, Northern Trust Corp grew 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 purchasing an additional 5,233 shares during the last quarter. 56.12% of the stock is currently owned by institutional investors.

Shares of CLIPPER Rlty In/SH 144A stock traded up $0.11 on Thursday, hitting $14.10. 305 shares of the company traded hands, compared to its average volume of 41,969. The company has a market capitalization of $250.80 million, a PE ratio of 37.03 and a beta of 0.76. CLIPPER Rlty In/SH 144A has a 52 week low of $7.62 and a 52 week high of $14.38.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Wednesday, November 14th will be issued a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 2.70%. The ex-dividend date is Tuesday, November 13th. CLIPPER Rlty In/SH 144A’s payout ratio is 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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Earnings History and Estimates for CLIPPER Rlty In/SH 144A (NYSE:CLPR)

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