CLPR rides on strong residential leasing and interest rate cuts. However, choppiness in the office real estate market remain concern.
Clipper Realty is paying out a 7.4% dividend yield that's fully covered by free cash flow. The plan to sell 10 West 65th Street increases office property exposure and impacts the multifamily pureplay bull case. Despite record quarterly revenue and improved free cash flow, Clipper Realty faces financial uncertainty due to an accelerated loan payment totaling $116.6 million.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
ORLA, SWDBY, SUOPY, HROW and CLPR have been added to the Zacks Rank #1 (Strong Buy) List on November 6, 2024.
CLPR, SWDBY and SUOPY made it to the Zacks Rank #1 (Strong Buy) income stocks list on November 6, 2024.
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Clipper Realty (CLPR) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
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.
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.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
CLPR, LCNB and VIRT made it to the Zacks Rank #1 (Strong Buy) income stocks list on October 30, 2024.
CLPR, VLRS, SYF, IX and PLXS have been added to the Zacks Rank #1 (Strong Buy) List on October 30, 2024.
ENVA, CLPR and GBX made it to the Zacks Rank #1 (Strong Buy) value stocks list on October 28, 2024.