Analysts Anticipate Clipper Realty Inc (CLPR) to Announce $0.10 EPS
Equities research analysts predict that Clipper Realty Inc (NASDAQ:CLPR) will announce earnings of $0.10 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Clipper Realty’s earnings. The company is scheduled to report its next quarterly earnings report on Monday, August 21st.
According to Zacks, analysts expect that Clipper Realty will report full-year earnings of $0.42 per share for the current financial year, with EPS estimates ranging from $0.41 to $0.43. For the next year, analysts expect that the business will post earnings of $0.45 per share, with EPS estimates ranging from $0.43 to $0.46. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Clipper Realty.
A number of equities analysts have recently weighed in on the stock. FBR & Co reissued a “buy” rating on shares of Clipper Realty in a research report on Friday, March 31st. Raymond James Financial, Inc. assumed coverage on shares of Clipper Realty in a research report on Thursday, March 30th. They set an “outperform” rating and a $15.00 price target on the stock. Finally, Zacks Investment Research raised shares of Clipper Realty from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Wednesday, June 21st.
Clipper Realty (NASDAQ CLPR) traded down 0.66% during mid-day trading on Monday, hitting $12.02. The stock had a trading volume of 35,757 shares. The company has a 50-day moving average price of $11.59 and a 200 day moving average price of $12.25. The company’s market cap is $214.10 million. Clipper Realty has a 1-year low of $10.07 and a 1-year high of $15.00.
In related news, Director Sam Levinson acquired 83,334 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The shares were acquired at an average cost of $11.25 per share, with a total value of $937,507.50. Following the transaction, the director now owns 40,000 shares of the company’s stock, valued at approximately $450,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
A number of large investors have recently bought and sold shares of CLPR. Forward Management LLC bought a new stake in Clipper Realty during the first quarter valued at approximately $9,492,000. EJF Capital LLC bought a new stake in Clipper Realty during the first quarter valued at approximately $4,414,000. Park West Asset Management LLC bought a new stake in Clipper Realty during the first quarter valued at approximately $3,986,000. CI Investments Inc. bought a new stake in Clipper Realty during the first quarter valued at approximately $3,636,000. Finally, Oxford Asset Management bought a new stake in Clipper Realty during the first quarter valued at approximately $432,000.
About Clipper Realty
Clipper Realty, Inc is a real estate investment trust, which acquires, owns, manages, operates and repositions multi-family residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn. The Company’s segments include Commercial and Residential. As of June 30, 2016, it owned two residential/retail rental properties at 50 Murray Street and 53 Park Place in the Tribeca neighborhood of Manhattan, referred to as the Tribeca House properties.
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