Clipper Realty (NYSE:CLPR) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Clipper Realty (NYSE:CLPR) released its earnings results on Friday. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.07, Zacks reports. Clipper Realty had a negative net margin of 2.17% and a negative return on equity of 85.95%.

Clipper Realty Stock Performance

CLPR opened at $4.10 on Friday. The company’s 50 day simple moving average is $4.46 and its 200 day simple moving average is $5.00. Clipper Realty has a 1 year low of $3.38 and a 1 year high of $7.12. The stock has a market capitalization of $66.22 million, a PE ratio of -14.14 and a beta of 1.24.

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.