Last Updated: 09 Nov 2024
Executive Summary
Clipper Realty Inc. (CLPR) is a real estate investment trust (REIT) that invests in and manages a portfolio of office and mixed-use properties in the New York metropolitan area. The company's latest stock price is $6.13, and its analyst target price is $7.5. Clipper Realty has a market capitalization of $259.88 million and an EBITDA of $69.06 million. The company has a dividend yield of 0.062% and a book value of -$0.223.
Company Overview
Clipper Realty was founded in 1998 and is headquartered in Brooklyn, New York. The company's portfolio consists of 11 properties totaling approximately 1.5 million square feet. Clipper Realty's properties are located in Manhattan, Brooklyn, Queens, and Long Island. The company's tenants include a mix of government agencies, financial institutions, and technology companies.
Fundamental Analysis
Clipper Realty's financial performance has been mixed in recent years. The company's revenue has grown by an average of 7.1% per year over the past five years. However, the company's net income has declined by an average of 2.9% per year over the same period. Clipper Realty's profitability metrics have also declined in recent years. The company's gross profit margin has declined from 47.3% in 2018 to 46.6% in 2023. The company's operating margin has also declined from 32.1% in 2018 to 28.6% in 2023.
Clipper Realty's financial leverage has increased in recent years. The company's debt-to-equity ratio has increased from 0.68 in 2018 to 0.85 in 2023. The company's interest coverage ratio has also declined from 3.5x in 2018 to 2.9x in 2023.
Technical Analysis
Clipper Realty's stock price has been in a downtrend since early 2023. The stock price has fallen by over 20% since the beginning of the year. The stock price is currently below its 50-day and 200-day moving averages. The stock price is also below its 52-week low of $3.307.
The technical indicators are bearish for Clipper Realty. The relative strength index (RSI) is below 30, which indicates that the stock is oversold. The moving average convergence divergence (MACD) is also below zero, which indicates that the stock is in a downtrend.
Short Term Outlook
The short-term outlook for Clipper Realty is negative. The stock price is in a downtrend and the technical indicators are bearish. The company's financial performance has also been mixed in recent years. Investors should be cautious about investing in Clipper Realty in the short term.
Long Term Outlook
The long-term outlook for Clipper Realty is more positive. The company has a strong portfolio of properties in the New York metropolitan area. The company also has a track record of growing its revenue and net income. However, investors should be aware of the company's increasing financial leverage. Investors should also be aware of the risks associated with investing in the real estate market.
Analyst Recommendations
The majority of analysts have a hold rating on Clipper Realty. One analyst has a buy rating on the stock, and one analyst has a sell rating on the stock. The average analyst target price is $7.5.
