Clipper Realty (NYSE:CLPR) Issues Earnings Results

Clipper Realty (NYSE:CLPR) issued its quarterly earnings results on Friday. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.07, Zacks reports. Clipper Realty had a negative return on equity of 85.95% and a negative net margin of 2.17%. The business had revenue of $38.05 million during the quarter, compared to the consensus estimate of $38.70 million.

Clipper Realty Stock Up 4.3 %

CLPR stock opened at $4.10 on Friday. The stock has a market capitalization of $66.22 million, a PE ratio of -14.14 and a beta of 1.24. Clipper Realty has a 52 week low of $3.38 and a 52 week high of $7.12. The firm has a 50 day moving average of $4.46 and a 200 day moving average of $5.01.

About Clipper Realty

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.