About Clipper Realty (NYSE:CLPR)
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. As of June 30, 2016, it also owned a residential property complex in the East Flatbush neighborhood of Brooklyn consisting of 59 buildings, referred to as the Flatbush Gardens properties or complex. As of June 30, 2016, it owned two primarily commercial properties in Downtown Brooklyn (one of which included 36 residential apartment units), referred to as the 141 Livingston Street property and the 250 Livingston Street property, and also owned the Aspen property.
Industry, Sector and Symbol
Industry Residential REITs
Trailing P/E Ratio-43.95
Forward P/E Ratio23.13
Sales & Book Value
Annual Sales$93 million
Price / Sales1.68
Price / CashN/A
Price / BookN/A
Return on Equity-0.74%
Return on Assets-0.13%
Clipper Realty (NYSE:CLPR) Frequently Asked Questions
What is Clipper Realty's stock symbol?
Clipper Realty trades on the New York Stock Exchange (NYSE) under the ticker symbol "CLPR."
How often does Clipper Realty pay dividends? What is the dividend yield for Clipper Realty?
Clipper Realty declared a quarterly dividend on Friday, October 27th. Shareholders of record on Monday, November 6th will be given a dividend of $0.095 per share on Monday, November 13th. This represents a $0.38 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date is Friday, November 3rd. View Clipper Realty's Dividend History.
When will Clipper Realty make its next earnings announcement?
Where is Clipper Realty's stock going? Where will Clipper Realty's stock price be in 2018?
4 equities research analysts have issued 12-month target prices for Clipper Realty's shares. Their forecasts range from $14.00 to $17.00. On average, they anticipate Clipper Realty's stock price to reach $15.75 in the next year. View Analyst Ratings for Clipper Realty.
What are Wall Street analysts saying about Clipper Realty stock?
Here are some recent quotes from research analysts about Clipper Realty stock:
- 1. According to Zacks Investment Research, "Clipper Realty Inc. is a real estate investment trust. The Company specializes in acquiring, owning, repositioning, operating and managing asset. Clipper Realty Inc. is headquartered in Brooklyn, New York. " (2/5/2018)
- 2. FBR & Co analysts commented, "Clipper posted good top line results in the third quarter, despite missing our estimate slightly. The company continues to post solid rental improvement across its portfolio, increasing rent per square foot across all of its assets vs. the same period last year. Same-store revenue came in slightly above our expectations, while higher than expected operational expenditures stemming from increased real estate taxes led to same-store expenses being higher than we were expecting. The company continues to execute on its operational and value-add goals and we believe that there remains substantial NOI growth and NAV accretion to be had as it brings its assets up to market rents and achieves occupancy." (10/27/2017)
Who are some of Clipper Realty's key competitors?
Some companies that are related to Clipper Realty include MedEquities Realty Trust (MRT), Oakley Capital Investments (OCI), Fidus Investment (FDUS), Arlington Asset Investment (AI), Gain Capital (GCAP), Impax Asset Management Group (IPX), 1st United Bancorp Inc (Florida) (FUBC), Territorial Bancorp (TBNK), TICC Capital (TICC), Safety Income & Growth (SAFE), Home Bancorp (HBCP), Middleburg Financial (MBRG), Paragon Commercial (PBNC), Ashford Hospitality Prime (AHP), Secure Trust Bank (STB), Brooks Macdonald Group (BRK), PHH (PHH) and Capital Southwest (CSWC).
Who are Clipper Realty's key executives?
Clipper Realty's management team includes the folowing people:
- David Bistricer, Co-Chairman of the Board, Chief Executive Officer (Age 67)
- Sam Levinson, Independent Co-Chairman of the Board, Head - Investment Committee (Age 43)
- Lawrence E. Kreider Jr., Chief Financial Officer (Age 69)
- Jacob Bistricer, Chief Operating Officer (Age 36)
- Jacob Schwimmer, Chief Property Management Officer (Age 46)
- Richard N. Burger, Independent Director
- Robert J. Ivanhoe, Independent Director (Age 64)
- Howard M. Lorber, Independent Director (Age 68)
- Harmon S. Spolan, Independent Director (Age 81)
- Roberto A. Verrone, Independent Director (Age 48)
When did Clipper Realty IPO?
(CLPR) raised $103 million in an initial public offering (IPO) on Friday, February 10th 2017. The company issued 7,100,000 shares at $13.50-$15.50 per share. FBR and Raymond James served as the underwriters for the IPO and Janney Montgomery Scott and Wunderlich were co-managers.
Who owns Clipper Realty stock?
Clipper Realty's stock is owned by many different of institutional and retail investors. Top institutional shareholders include
FORWARD MANAGEMENT, LLC
(5.70%), Forward Management LLC (5.67%), BlackRock Inc. (4.08%), Park West Asset Management LLC (3.52%), CI Investments Inc. (1.95%) and Kennedy Capital Management Inc. (0.72%). Company insiders that own Clipper Realty stock include David Bistricer and Sam Levinson. View Institutional Ownership Trends for Clipper Realty.
Who sold Clipper Realty stock? Who is selling Clipper Realty stock?
Who bought Clipper Realty stock? Who is buying Clipper Realty stock?
Clipper Realty's stock was purchased by a variety of institutional investors in the last quarter, including Kennedy Capital Management Inc., CI Investments Inc., Bank of New York Mellon Corp, Deutsche Bank AG, Wells Fargo & Company MN, TCW Group Inc., BlackRock Inc. and Citadel Advisors LLC. Company insiders that have bought Clipper Realty stock in the last two years include David Bistricer and Sam Levinson. View Insider Buying and Selling for Clipper Realty.
How do I buy Clipper Realty stock?
Shares of Clipper Realty can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Clipper Realty's stock price today?
One share of Clipper Realty stock can currently be purchased for approximately $8.79.
How big of a company is Clipper Realty?
Clipper Realty has a market capitalization of $161.93 million and generates $93 million in revenue each year. The company earns $-3,730,000.00 in net income (profit) each year or ($0.20) on an earnings per share basis. Clipper Realty employs 180 workers across the globe.
How can I contact Clipper Realty?
Clipper Realty's mailing address is 4611 12th Ave Ste 1L, BROOKLYN, NY 11219, United States. The company can be reached via phone at +1-718-4382804.
MarketBeat Community Rating for Clipper Realty (CLPR)MarketBeat's community ratings are surveys of what our community members think about Clipper Realty and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Clipper Realty (NYSE:CLPR) Earnings History and Estimates Chart
Clipper Realty (NYSE CLPR) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|3/29/2018|| || || || || || || || |
|10/26/2017||Q3 2017||$0.10||($0.04)||$26.15 million||$26.01 million||View||N/A|
|7/27/2017||Q2 2017||$0.10||($0.04)||$25.62 million||$25.36 million||View||N/A|
|5/15/2017||Q1 2017||$0.07||$0.06||$24.81 million||$25.26 million||View||N/A|
|3/30/2017||Q4 2016||$0.05||($0.09)||$24.27 million||$24.24 million||View||N/A|
Clipper Realty (NYSE:CLPR) Earnings Estimates
Current Year EPS Consensus Estimate: $0.38 EPS
Next Year EPS Consensus Estimate: $0.42 EPS
Clipper Realty (NYSE:CLPR) Dividend Information
|Most Recent Dividend:||11/13/2017|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||-190.00% (Trailing 12 Months of Earnings) |
100.00% (Based on This Year's Estimates)
90.48% (Based on Next Year's Estimates)
Clipper Realty (NYSE:CLPR) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Clipper Realty (NYSE CLPR) Insider Trading and Institutional Ownership History
Institutional Ownership Percentage: 57.44%
Clipper Realty (NYSE CLPR) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|11/14/2017||Sam Levinson||Director||Buy||10,000||$9.83||$98,300.00|| |
|11/6/2017||Sam Levinson||Director||Buy||15,000||$10.72||$160,800.00|| |
|6/9/2017||Sam Levinson||Director||Buy||83,334||$11.25||$937,507.50||40,000|| |
|2/9/2017||David Bistricer||Chairman||Buy||666,666||$13.50||$8,999,991.00|| |
|2/9/2017||Sam Levinson||Director||Buy||333,334||$13.50||$4,500,009.00|| |
Clipper Realty (NYSE CLPR) News Headlines
Clipper Realty (NYSE:CLPR) SEC Filings
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Clipper Realty (NYSE:CLPR) Income Statement, Balance Sheet and Cash Flow Statement
Clipper Realty (NYSE CLPR) Stock Chart for Saturday, February, 24, 2018