Clipper Realty (NYSE:CLPR) Posts Quarterly Earnings Results, Misses Estimates By $0.16 EPS

Clipper Realty (NYSE:CLPR) issued its quarterly earnings data on Thursday. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.16), Zacks reports. The company had revenue of $37.35 million for the quarter, compared to the consensus estimate of $35.80 million. Clipper Realty had a negative net margin of 2.54% and a negative return on equity of 50.47%. During the same quarter last year, the company earned $0.13 EPS.

Clipper Realty Price Performance

Shares of NYSE:CLPR traded up $0.57 during midday trading on Friday, hitting $4.35. The company had a trading volume of 294,475 shares, compared to its average volume of 104,273. The company has a market cap of $69.95 million, a price-to-earnings ratio of -12.43 and a beta of 1.32. The company has a fifty day moving average of $3.76 and a two-hundred day moving average of $4.30. Clipper Realty has a 12-month low of $3.38 and a 12-month high of $6.68.

Clipper Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 8.74%. The ex-dividend date is Thursday, August 15th. Clipper Realty’s dividend payout ratio is presently -108.57%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. JMP Securities restated a “market perform” rating on shares of Clipper Realty in a research note on Thursday, April 11th. Raymond James cut Clipper Realty from an “outperform” rating to an “underperform” rating in a research report on Monday, April 15th.

Clipper Realty 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.