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

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

Clipper Realty (NYSE:CLPR) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 last year, the company earned $0.13 earnings per share. 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 0.9 %

CLPR stock opened at $6.41 on Thursday. The company’s 50 day moving average is $5.38 and its two-hundred day moving average is $4.44. Clipper Realty has a twelve month low of $3.38 and a twelve month high of $7.12. The stock has a market cap of $103.05 million, a P/E ratio of -18.31 and a beta of 1.34.

Clipper Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were issued a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 5.93%. 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.