Zacks: Analysts Anticipate CLIPPER Rlty In/SH 144A (CLPR) Will Announce Quarterly Sales of $28.53 Million
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.
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.
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