Clipper Realty (CLPR) Expected to Announce Earnings on Thursday

Clipper Realty (NYSE:CLPR) is projected 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. Investors that wish to register for the company’s conference call can do so using this link.

Clipper Realty (NYSE:CLPR) last posted its quarterly earnings results on Friday, February 14th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.12 by $0.07. The business had revenue of $38.05 million during the quarter, compared to the consensus estimate of $38.70 million. Clipper Realty had a negative net margin of 1.68% and a negative return on equity of 85.95%. 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 Stock Up 6.9 %

NYSE:CLPR opened at $4.56 on Wednesday. The company has a fifty day simple moving average of $4.25 and a two-hundred day simple moving average of $5.04. The company has a market cap of $73.55 million, a price-to-earnings ratio of -18.22 and a beta of 1.32. Clipper Realty has a 52 week low of $3.38 and a 52 week high of $7.12.

Clipper Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 19th will be paid a $0.095 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $0.38 annualized dividend and a dividend yield of 8.34%. Clipper Realty’s dividend payout ratio (DPR) is -152.00%.

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.