Clipper Realty Inc. (NYSE:CLPR) is reporting third quarter financial results on Monday 9th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, CLPR is expected to report 3Q20 loss of $ 0.03 per share from revenue of $ 30.69 million.
For the full year, analysts anticipate top line of $ 123.85 million, while looking forward to loss of $ 0.07 per share bottom line.
Previous Quarter Performance
Clipper Realty Inc. revealed income for the second quarter of $ 0.12 per share, from the revenue of $ 30.73 million. The quarterly revenues gained 8.01 percent compared with the same quarter last year. Street analysts expected Clipper Realty Inc. to report loss of $ 0.01 per share on revenue of $ 30.61 million for the second quarter. The top line results outshined analysts by $ 0.12 million or 0.39 percent.
Stock Performance
On Friday, shares of Clipper Realty Inc. has traded high as $ 5.50 and has cracked $ 5.35 on the downward trend, reaching $ 5.40 with volume of 56.30 thousand shares.
According to the previous trading day, closing price of $ 5.40, representing a 26.39 % increase from the 52 week low of $ 4.32 and a 54.31 % decrease over the 52 week high of $ 11.95.
The company has a market capital of $ 96.20 million and is part of the Real Estate sector and REIT – Diversified industry.
Recent Analyst recommendations
- On 14th September 2020, maintained by Raymond James at Outperform rating, with $ 9.00 target price.
Recent Stock Dividend Announcement
On August 10, 2020, the board of directors authorized quarterly dividend of $ 0.095 per share to holders of record as of the close of business on August 21, 2020, with payment date of August 28, 2020 and ex-dividend date on August 20, 2020.
Conference Call
Clipper Realty Inc. will be hosting a conference call at 5:00 PM eastern time on 9th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.clipperrealty.com
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.
