Clipper Realty(CLPR)
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Clipper Realty: An Undervalued REIT Plagued By High Debt And Limited Geography
Seeking Alpha· 2025-02-05 15:19
Core Insights - Albert Anthony is a markets analyst and contributor on Seeking Alpha, covering over 200 companies and providing market commentary since 2023 [1] - He plans to launch a book titled "The Future Investor: Growing a Diversified Portfolio" in 2025, aiming to educate over 1 million people globally [1] - Anthony has a background in management and information systems analysis, with experience in a top 10 financial firm in the US [1] Company Overview - Albert Anthony & Company is an independent sole proprietorship registered in Travis County, Texas [1] - The company does not provide personalized financial advice but offers general market commentary based on publicly available research [1] Future Plans - The upcoming book will focus on unlocking future value in stocks and mutual funds [1] - Anthony aims to leverage e-commerce platforms like Amazon to reach a wider audience for financial education [1] Professional Background - Anthony has attended various business, innovation, and startup conferences across the US and Europe [1] - He is a member of the Croatian Association of Economists (HDE) as of 2024 [1]
Clipper Realty Rises 32% in 6 Months: What Should Investors Do?
ZACKS· 2024-11-28 18:11
Core Viewpoint - Clipper Realty, Inc. (CLPR) has experienced a significant stock price increase of 32% over the past six months, outperforming both the Zacks REIT and Equity Trust - Other industry growth of 20.1% and the S&P 500's rise of 12.6% during the same period [1][2]. Group 1: Company Performance - Clipper Realty has a strong property base in the New York metropolitan area, focusing on the acquisition, ownership, management, operation, and repositioning of multifamily residential and commercial properties [5]. - The company's commercial property leases accounted for approximately 26% of total revenues in Q3 2024, with significant contributions from leases with the City of New York, which represented about 22% of total revenues [6]. - Residential rental property leases made up approximately 74% of total revenues in Q3 2024, with residential revenues increasing by 9.2% year-over-year due to higher rental rates and occupancy [7]. Group 2: Growth Drivers - Clipper Realty is well-positioned for long-term growth, supported by its development projects, including the fully leased Pacific House, which is contributing positively to cash flow with a projected 7% capitalization rate [8]. - Construction at the Dean Street ground-up development is ahead of schedule, with management confident of completing it on time to capture the 2025 leasing season [9]. - Recent interest rate cuts by the Federal Reserve are expected to positively impact REIT stock prices, as lower borrowing costs enhance the ability to purchase or develop real estate and make REITs' dividend yields more attractive compared to fixed-income investments [10]. Group 3: Valuation and Market Position - Clipper Realty is currently trading at a forward 12-month price-to-FFO ratio of 9.16X, which is a discount compared to the industry average of 16.89X and lower than its one-year median of 12.09X and one-year high of 18.00X [12]. - The lower valuation may indicate underlying issues rather than presenting a clear investment opportunity, suggesting caution for potential investors [13]. Group 4: Market Challenges - The company faces challenges due to persistent macroeconomic uncertainty and a hybrid working environment, which may lead to choppy near-term demand for office spaces [11]. - Higher leasing costs and an elevated supply of office properties could complicate efforts to backfill tenant move-outs and vacancies in the near term [11].
Clipper Realty: 7.4% Dividend Yield But Office Property Headwinds Need To Be Addressed For New Highs
Seeking Alpha· 2024-11-24 17:54
Summary of Clipper Realty's Q3 Fiscal 2024 Earnings Core Insights - Clipper Realty (NYSE: CLPR) has experienced a decline from its 52-week high following the announcement of its fiscal 2024 third-quarter earnings [1] - The company declared a quarterly cash dividend of $0.095 per share, amounting to $0.38 per share annually [1] Company Performance - The equity market is highlighted as a significant mechanism for wealth creation or destruction over the long term, indicating the potential impact of Clipper Realty's performance on investor wealth [1] Investment Strategy - Pacifica Yield is mentioned as focusing on long-term wealth creation by targeting undervalued yet high-growth companies, high-dividend stocks, REITs, and green energy firms, which may include Clipper Realty in its investment considerations [1]
New Strong Buy Stocks for November 6th
ZACKS· 2024-11-06 12:26
Group 1 - Orla Mining Ltd. (ORLA) has seen a 13.6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Swedbank AB (publ) (SWDBY) has experienced a 5.2% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Sumco Corporation (SUOPY) has reported a 5.9% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Harrow, Inc. (HROW) has seen a significant increase of 164.3% in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Clipper Realty Inc. (CLPR) has experienced a 43.6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3]
Best Income Stocks to Buy for November 6th
ZACKS· 2024-11-06 10:10
Here are three stocks with buy rank and strong income characteristics for investors to consider today, November 6th:Clipper Realty Inc. (CLPR) : This real estate company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 43.6% over the last 60 days.This Zacks Rank #1 company has a dividend yield of 6.8%, compared with the industry average of 4.3%.Swedbank AB (publ) (SWDBY) : This banking products and services company has witnessed the Zacks Consensus Estimate for its current ...
Despite Fast-paced Momentum, Clipper Realty (CLPR) Is Still a Bargain Stock
ZACKS· 2024-11-04 14:50
Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than the traditional "buying low and selling high" approach, aiming for quicker profits [1] Group 1: Momentum Investing Characteristics - Fast-moving trending stocks can be difficult to enter at the right time, as they may lose momentum if future growth does not justify their high valuations [2] - Investing in bargain stocks that have recently shown price momentum can be a safer strategy, utilizing tools like the Zacks Momentum Style Score to identify potential opportunities [3] Group 2: Clipper Realty Inc. (CLPR) Analysis - Clipper Realty Inc. (CLPR) has shown a four-week price change of 1.7%, indicating growing investor interest [4] - Over the past 12 weeks, CLPR's stock has gained 37.2%, demonstrating its ability to deliver positive returns over a longer timeframe [5] - CLPR has a Momentum Score of B, suggesting it is an opportune time to invest in the stock [6] - The stock has received a Zacks Rank 2 (Buy) due to upward trends in earnings estimate revisions, which attract more investors [7] - CLPR is trading at a Price-to-Sales ratio of 0.65, indicating it is relatively undervalued, as investors pay only 65 cents for each dollar of sales [7] Group 3: Additional Investment Opportunities - Besides CLPR, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - The Zacks Premium Screens offer over 45 different strategies to help identify potential winning stock picks based on individual investing styles [9]
Clipper Realty(CLPR) - 2024 Q3 - Earnings Call Transcript
2024-10-31 22:26
Clipper Realty Inc. (NYSE:CLPR) Q3 2024 Earnings Conference Call October 31, 2024 5:00 PM ET Company Participants Lawrence Sava - Corporate Controller Larry Kreider - CFO JJ Bistricer - Chief Operating Officer Conference Call Participants Buck Horne - Raymond James Operator Good day, and welcome to the Clipper Realty Quarterly Earnings Call. At this time, all participants have been placed on a listen-only mode and the floor will be open for questions and comment after the presentation. It is now my pleasure ...
Clipper Realty Inc. (CLPR) Beats Q3 FFO Estimates
ZACKS· 2024-10-31 22:20
Clipper Realty Inc. (CLPR) came out with quarterly funds from operations (FFO) of $0.18 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to FFO of $0.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 50%. A quarter ago, it was expected that this company would post FFO of $0.10 per share when it actually produced FFO of $0.17, delivering a surprise of 70%.Over the last four quarters, the company has ...
Clipper Realty(CLPR) - 2024 Q3 - Quarterly Results
2024-10-31 20:26
Exhibit 99.1 Clipper Realty Inc. Announces Third Quarter 2024 Results NEW YORK, October 31, 2024 /Business Wire/ -- Clipper Realty Inc. (NYSE: CLPR) (the "Company"), a leading owner and operator of multifamily residential and commercial properties in the New York metropolitan area, today announced financial and operating results for the three months ended September 30, 2024. Highlights for the Three Months Ended September 30, 2024 ● Record quarterly revenues of $37.6 million for the third quarter of 2024 ● ...
Clipper Realty(CLPR) - 2024 Q3 - Quarterly Report
2024-10-31 20:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38010 CLIPPER REALTY INC. (Exact name of Registrant as specified in its charter) Maryland 47-4579660 (State or other jurisdiction of i ...