Clipper Realty (NYSE:CLPR) Releases Quarterly Earnings Results
Clipper Realty (NYSE:CLPR) reported quarterly earnings of $0.19 EPS, exceeding analysts' expectations of $0.12 by $0.07. Despite this, the company has a negative net margin of 2.17% and a negative return on equity of 85.95%. Following the earnings release, shares rose 4.3% to $4.10. Clipper Realty operates in the New York metropolitan area, focusing on multifamily residential and commercial properties.
Clipper Realty (NYSE:CLPR - Get Free Report) released its quarterly earnings data on Friday. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.12 by $0.07, Zacks reports. Clipper Realty had a negative net margin of 2.17% and a negative return on equity of 85.95%.
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Clipper Realty Trading Up 4.3 %
Shares of NYSE:CLPR traded up $0.17 on Friday, hitting $4.10. The company had a trading volume of 147,140 shares, compared to its average volume of 90,512. Clipper Realty has a 1-year low of $3.38 and a 1-year high of $7.12. The stock has a market cap of $66.22 million, a price-to-earnings ratio of -14.14 and a beta of 1.24. The stock has a 50 day moving average price of $4.49 and a 200 day moving average price of $5.01.
Clipper Realty Company Profile
(Get Free Report)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.
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