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About Clipper Realty (NYSE:CLPR)
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. For more information on Clipper Realty Inc., please visit www.clipperrealty.com.
Industry, Sector and Symbol
Industry Real estate investment trusts
Trailing P/E Ratio26.23
Forward P/E Ratio24.16
Sales & Book Value
Annual Sales$103.95 million
Price / Sales1.57
Cash Flow$0.9603 per share
Price / Cash9.56
Book Value$10.42 per share
Price / Book0.88
EPS (Most Recent Fiscal Year)$0.38
Return on Equity-2.97%
Return on Assets-0.53%
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 announced a quarterly dividend on Thursday, May 10th. Stockholders of record on Tuesday, May 22nd will be paid a dividend of $0.095 per share on Tuesday, May 29th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend is Monday, May 21st. View Clipper Realty's Dividend History.
How were Clipper Realty's earnings last quarter?
Clipper Realty (NYSE:CLPR) posted its quarterly earnings data on Thursday, March, 8th. The company reported ($0.04) EPS for the quarter, missing the Zacks' consensus estimate of $0.10 by $0.14. The firm had revenue of $27.32 million for the quarter, compared to analysts' expectations of $26.41 million. Clipper Realty had a negative net margin of 5.24% and a negative return on equity of 2.97%. View Clipper Realty's Earnings History.
When is Clipper Realty's next earnings date?
What price target have analysts set for CLPR?
4 Wall Street analysts have issued twelve-month target prices for Clipper Realty's stock. Their forecasts range from $9.50 to $17.00. On average, they expect Clipper Realty's stock price to reach $14.6250 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. " (5/9/2018)
- 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 Urstadt Biddle Properties (UBP), CatchMark Timber Trust (CTT), Investors Real Estate Trust (IRET), New Senior Investment Group (SNR), Arbor Realty Trust (ABR), NexPoint Residential Trst (NXRT), Preferred Apartment (APTS), AG Mortgage Investment (MITT), UMH Properties (UMH), American Hotel Income (AHOTF), Sutherland Asset Management (SLD), Anworth Mortgage Asset (ANH), One Liberty Properties (OLP), Whitestone REIT (WSR) and Community Healthcare (CHCT).
Who are Clipper Realty's key executives?
Clipper Realty's management team includes the folowing people:
- Mr. David Bistricer, Co-Chairman & CEO (Age 68)
- Mr. Lawrence E. Kreider Jr., Chief Financial Officer (Age 70)
- Mr. Jacob Joseph Bistricer, Chief Operating Officer (Age 37)
- Mr. Jacob Schwimmer, Chief Property Management Officer (Age 47)
- Michael Frenz, Head of Capital Markets
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 a price of $13.50-$15.50 per share. FBR and Raymond James acted as the underwriters for the IPO and Janney Montgomery Scott and Wunderlich were co-managers.
Has Clipper Realty been receiving favorable news coverage?
News coverage about CLPR stock has trended somewhat positive on Monday, according to Accern Sentiment. The research group identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Clipper Realty earned a daily sentiment score of 0.13 on Accern's scale. They also assigned headlines about the company an impact score of 47.30 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.
Who are Clipper Realty's major shareholders?
Clipper Realty's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Forward Management LLC (5.59%), CI Investments Inc. (1.68%), State of New Jersey Common Pension Fund D (0.71%), Teachers Insurance & Annuity Association of America (0.12%) and Cove Street Capital LLC (0.11%). Company insiders that own Clipper Realty stock include David Bistricer and Sam Levinson. View Institutional Ownership Trends for Clipper Realty.
Which institutional investors are selling Clipper Realty stock?
Which institutional investors are buying Clipper Realty stock?
CLPR stock was acquired by a variety of institutional investors in the last quarter, including State of New Jersey Common Pension Fund D, Cove Street Capital LLC and Teachers Insurance & Annuity Association of America. 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 shares of Clipper Realty?
Shares of CLPR 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 CLPR stock can currently be purchased for approximately $9.18.
How big of a company is Clipper Realty?
Clipper Realty has a market capitalization of $163.52 million and generates $103.95 million in revenue each year. The company earns $-2,350,000.00 in net income (profit) each year or $0.38 on an earnings per share basis. Clipper Realty employs 177 workers across the globe.
How can I contact Clipper Realty?
Clipper Realty's mailing address is 4611 12TH AVENUE SUITE 1L, BROOKLYN NY, 11219. The company can be reached via phone at 718-438-2804.
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 CLPR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CLPR will underperform the S&P 500 over the long term. You may vote once every thirty days.
Clipper Realty (NYSE:CLPR) Dividend Information
Clipper Realty pays an annual dividend of $0.38 per share, with a dividend yield of 4.14%. CLPR's next quarterly dividend payment will be made on Tuesday, May 29. Clipper Realty pays out 100.00% of its earnings out as a dividend.
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio(s):||100.00% (Trailing 12 Months of Earnings) |
100.00% (Based on This Year's Estimates)
74.51% (Based on Next Year's Estimates)
39.57% (Based on Cash Flow)
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
Insider Ownership Percentage: 36.64%
Institutional Ownership Percentage: 56.64%
Clipper Realty (NYSE CLPR) Insider Trading History
(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 Monday, May, 21, 2018