Clipper Realty (CLPR) to Release Quarterly Earnings on Thursday

Clipper Realty (NYSE:CLPR) is anticipated to announce its earnings results before the market opens on Thursday, March 13th. Analysts expect the company to announce earnings of $0.14 per share and revenue of $38.70 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Clipper Realty (NYSE:CLPR) last issued its earnings results on Friday, February 14th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.07. Clipper Realty had a negative net margin of 1.68% and a negative return on equity of 85.95%. The business had revenue of $38.05 million during the quarter, compared to analysts’ expectations of $38.70 million. 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 Down 1.6 %

Shares of Clipper Realty stock opened at $4.49 on Thursday. The company has a fifty day simple moving average of $4.30 and a 200-day simple moving average of $5.05. Clipper Realty has a 12-month low of $3.38 and a 12-month high of $7.12. The stock has a market cap of $72.42 million, a price-to-earnings ratio of -17.94 and a beta of 1.32.

Clipper Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 19th will be issued a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 8.47%. The ex-dividend date of this dividend is Wednesday, March 19th. Clipper Realty’s payout ratio is -152.00%.

Clipper Realty Company Profile

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.