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 Ratio20.53
Forward P/E Ratio17.33
Sales & Book Value
Annual Sales$103.95 million
Price / Sales1.34
Cash Flow$0.9630 per share
Price / Cash8.10
Book Value$10.42 per share
Price / Book0.75
EPS (Most Recent Fiscal Year)$0.38
Return on Equity-0.51%
Return on Assets-0.10%
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 Friday, March 9th. Investors of record on Thursday, March 22nd will be paid a dividend of $0.095 per share on Thursday, March 29th. This represents a $0.38 annualized dividend and a dividend yield of 4.87%. The ex-dividend date is Wednesday, March 21st. View Clipper Realty's Dividend History.
How were Clipper Realty's earnings last quarter?
Clipper Realty (NYSE:CLPR) posted its earnings results on Thursday, March, 8th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.10 by $0.14. The business earned $27.32 million during the quarter, compared to the consensus estimate of $26.41 million. Clipper Realty had a negative return on equity of 0.51% and a negative net margin of 2.28%. View Clipper Realty's Earnings History.
When is Clipper Realty's next earnings date?
What price target have analysts set for CLPR?
4 equities research analysts have issued 12-month target prices for Clipper Realty's shares. 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. " (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 Preferred Apartment (APTS), NexPoint Residential Trst (NXRT), Arbor Realty Trust (ABR), American Hotel Income (AHOTF), AG Mortgage Investment (MITT), UMH Properties (UMH), Anworth Mortgage Asset (ANH), Sutherland Asset Management (SLD), Community Healthcare (CHCT), Tortoise Capital Resources (CORR), One Liberty Properties (OLP), Western Asset Mortgage Capit (WMC), Whitestone REIT (WSR), Transcontinental Realty Investors (TCI) and City Office REIT (CIO).
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 IPO on Friday, February 10th 2017. The company issued 7,100,000 shares at $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?
Press coverage about CLPR stock has trended somewhat positive recently, according to Accern. The research group ranks the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Clipper Realty earned a media sentiment score of 0.13 on Accern's scale. They also assigned media stories about the company an impact score of 47.06 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.
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 $7.80.
How big of a company is Clipper Realty?
Clipper Realty has a market capitalization of $138.58 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 4.87%. CLPR's most recent quarterly dividend payment was Thursday, March 29. Clipper Realty pays out 100.00% of its earnings out as a dividend.
|Most Recent Dividend:||3/29/2018|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||100.00% (Trailing 12 Months of Earnings) |
84.44% (Based on This Year's Estimates)
66.67% (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: 56.78%
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 Thursday, April, 26, 2018