Clipper Realty (CLPR) Set to Announce Quarterly Earnings on Thursday

Clipper Realty (NYSE:CLPR) will release its earnings data after the market closes on Thursday, October 31st. Analysts expect Clipper Realty to post earnings of $0.10 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Clipper Realty (NYSE:CLPR) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.16). Clipper Realty had a negative net margin of 2.54% and a negative return on equity of 85.95%. The business had revenue of $37.35 million during the quarter, compared to analyst estimates of $35.80 million. During the same period in the previous year, the business posted $0.13 EPS. On average, analysts expect Clipper Realty to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Clipper Realty Trading Up 3.8 %

NYSE CLPR opened at $6.63 on Tuesday. The company has a fifty day simple moving average of $5.47 and a 200 day simple moving average of $4.46. Clipper Realty has a 12-month low of $3.38 and a 12-month high of $7.12. The company has a market cap of $106.59 million, a P/E ratio of -18.94 and a beta of 1.34.

Clipper Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were given a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 5.73%. The ex-dividend date was Thursday, August 15th. Clipper Realty’s payout ratio is currently -108.57%.

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.