Wall Street analysts forecast that CLIPPER Rlty In/SH 144A (NYSE:CLPR) will post sales of $28.53 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for CLIPPER Rlty In/SH 144A’s earnings, with the lowest sales estimate coming in at $28.36 million and the highest estimate coming in at $28.70 million. CLIPPER Rlty In/SH 144A posted sales of $27.32 million during the same quarter last year, which suggests a positive year over year growth rate of 4.4%. The business is expected to announce its next earnings report on Thursday, March 14th.

According to Zacks, analysts expect that CLIPPER Rlty In/SH 144A will report full year sales of $110.69 million for the current financial year, with estimates ranging from $110.47 million to $110.90 million. For the next financial year, analysts anticipate that the business will report sales of $121.22 million, with estimates ranging from $120.64 million to $121.80 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for CLIPPER Rlty In/SH 144A.

A number of brokerages recently weighed in on CLPR. Zacks Investment Research lowered shares of CLIPPER Rlty In/SH 144A from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 10th. ValuEngine upgraded shares of CLIPPER Rlty In/SH 144A from a “hold” rating to a “buy” rating in a research report on Friday, October 19th.

Several large investors have recently modified their holdings of the stock. BlackRock Inc. lifted its position in CLIPPER Rlty In/SH 144A by 1.0% during the second quarter. BlackRock Inc. now owns 736,240 shares of the company’s stock valued at $6,287,000 after purchasing an additional 7,330 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its position in CLIPPER Rlty In/SH 144A by 5.9% during the third quarter. State of New Jersey Common Pension Fund D now owns 160,500 shares of the company’s stock valued at $2,172,000 after purchasing an additional 9,000 shares during the last quarter. Forward Management LLC lifted its position in CLIPPER Rlty In/SH 144A by 0.6% during the second quarter. Forward Management LLC now owns 1,002,310 shares of the company’s stock valued at $8,559,000 after purchasing an additional 6,014 shares during the last quarter. Bank of New York Mellon Corp lifted its position in CLIPPER Rlty In/SH 144A by 12.5% during the third quarter. Bank of New York Mellon Corp now owns 83,468 shares of the company’s stock valued at $1,129,000 after purchasing an additional 9,258 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in CLIPPER Rlty In/SH 144A during the third quarter valued at $923,000. Hedge funds and other institutional investors own 56.12% of the company’s stock.

Shares of NYSE:CLPR traded down $0.28 during midday trading on Friday, reaching $13.75. 22,100 shares of the company were exchanged, compared to its average volume of 46,457. CLIPPER Rlty In/SH 144A has a one year low of $7.62 and a one year high of $14.38. The firm has a market cap of $249.20 million, a price-to-earnings ratio of 36.29 and a beta of 0.76.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Wednesday, November 14th will be given a dividend of $0.095 per share. The ex-dividend date of this dividend is Tuesday, November 13th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 2.76%. CLIPPER Rlty In/SH 144A’s dividend payout ratio is 100.00%.

CLIPPER Rlty In/SH 144A 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.

See Also: What are defining characteristics of a correction?

Get a free copy of the Zacks research report on CLIPPER Rlty In/SH 144A (CLPR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for CLIPPER Rlty In/SH 144A (NYSE:CLPR)

Receive News & Ratings for CLIPPER Rlty In/SH 144A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CLIPPER Rlty In/SH 144A and related companies with MarketBeat.com's FREE daily email newsletter.