Wall Street brokerages forecast that CLIPPER Rlty In/SH 144A (NYSE:CLPR) will post $28.31 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for CLIPPER Rlty In/SH 144A’s earnings. The lowest sales estimate is $28.00 million and the highest is $28.61 million. CLIPPER Rlty In/SH 144A posted sales of $26.01 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.8%. The firm is scheduled to report its next quarterly earnings results on Thursday, October 25th.
According to Zacks, analysts expect that CLIPPER Rlty In/SH 144A will report full-year sales of $111.41 million for the current year, with estimates ranging from $110.90 million to $111.91 million. For the next financial year, analysts forecast that the firm will post sales of $122.81 million, with estimates ranging from $121.80 million to $123.82 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover CLIPPER Rlty In/SH 144A.
CLIPPER Rlty In/SH 144A (NYSE:CLPR) last issued its quarterly earnings data on Wednesday, August 8th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The business had revenue of $27.30 million during the quarter, compared to analyst estimates of $27.71 million. CLIPPER Rlty In/SH 144A had a negative net margin of 4.42% and a negative return on equity of 2.65%.
CLPR has been the subject of a number of research reports. ValuEngine upgraded shares of CLIPPER Rlty In/SH 144A from a “sell” rating to a “hold” rating in a report on Wednesday, July 4th. Zacks Investment Research upgraded shares of CLIPPER Rlty In/SH 144A from a “sell” rating to a “hold” rating in a report on Wednesday, July 11th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $13.63.
A number of institutional investors have recently added to or reduced their stakes in CLPR. State of New Jersey Common Pension Fund D raised its holdings in CLIPPER Rlty In/SH 144A by 19.8% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 151,500 shares of the company’s stock worth $1,294,000 after purchasing an additional 25,000 shares during the last quarter. Northern Trust Corp raised its holdings in CLIPPER Rlty In/SH 144A by 3.3% during the 2nd quarter. Northern Trust Corp now owns 162,332 shares of the company’s stock worth $1,386,000 after purchasing an additional 5,233 shares during the last quarter. BlackRock Inc. raised its holdings in CLIPPER Rlty In/SH 144A by 1.0% during the 2nd quarter. BlackRock Inc. now owns 736,240 shares of the company’s stock worth $6,287,000 after purchasing an additional 7,330 shares during the last quarter. Finally, Forward Management LLC raised its holdings in CLIPPER Rlty In/SH 144A by 0.6% during the 2nd quarter. Forward Management LLC now owns 1,002,310 shares of the company’s stock worth $8,559,000 after purchasing an additional 6,014 shares during the last quarter. Hedge funds and other institutional investors own 56.04% of the company’s stock.
Shares of NYSE CLPR opened at $12.36 on Tuesday. The company has a market capitalization of $241.01 million, a P/E ratio of 32.53 and a beta of 1.21. CLIPPER Rlty In/SH 144A has a 1 year low of $7.62 and a 1 year high of $13.82.
About CLIPPER Rlty In/SH 144A
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.
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