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Clipper Realty Inc. (CLPR)

NYSE - NYSE Delayed Price. Currency in USD
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7.29+0.14 (+1.96%)
At close: 04:00PM EDT
7.29 0.00 (0.00%)
After hours: 04:15PM EDT

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  • M
    MAFFIN
    CLPR looks like trash today - I bet it falls from here. Glad I am signed up to (http://Achieverspot.tech) so that I can get stocks that actually move!
  • I
    In the Ruff Research
    This just came out today on Seeking Alpha....really nice Summary of the company and its prospects. Any thoughts?

    https://seekingalpha.com/article/4356840-clipper-realty-poised-to-set-sail
  • I
    In the Ruff Research
    In regards to Clipper Realty, set to announce earnings shortly,

    The company, for 2022, is expected to generate AFFO (Adjusted Funds From Operations) north of $0.65/share.

    If you combine that with the peer group multiple ranging from 16x - 24x Enterprise Value/AFFO....this leads to an minimum share price of $10.4/share to $15.6/share.

    Now add on the current "unrestricted" portion of cash and cash equivalents of ~$2/share

    This leads to an implied share price of a minimum of $12.4/share to a maximum of $17.6/share over the next 12 months.

    Layer on the upside from high inflation rents which will convert quickly on their standardized 1 year leases.....and also add in their two development projects slated to be completed in 2023, you are looking at a company worth $15 to $20+/share on a conservative basis within the next 24 months.

    Yes, they have a lot of debt, but because it is not cross-collaterilized, and cap rates are very low for multi-family, there is very little risk to the company.

    Hope that puts things in some perspective,

    James
  • S
    Steve
    Two million shares repurchased during Q4 at a weighted average of $5.70, they used all $10m that was in their buyback program. This is buried at the end of their earnings announcement and the stock went DOWN after hours when they announced it. I’ll be buying every dip going forward.
  • C
    Carl
    Due to the change in NYC rent rules on stabilized apts, some of these properties are worth much less than they were before the changes. This why the stock is down so much so quickly. It has further to fall since the NAV today is probably around $8 / share.
  • A
    Astute Investor
    His name was Ernest J. Nagy.
  • A
    Astute Investor
    "With strong management and prudent capital improvements, we believe our properties will contribute meaningfully to our cash flow growth over time".

    For CLPR management, "prudent capital improvements" = $0.00
  • M
    Michael
    I have been accumulating and now own a substantial amount of these shares. Very hard to buy real estate now. Prices are crazy and so are cap rates high.
  • s
    sarah
    Ex dividend today. Typically the stock goes down on ex-div day. I’m not complaining. Gogogooooooo
  • Y
    Yahoo Finance Insights
    Clipper Realty is up 12.33% to 5.74
  • R
    Ru
    wow, options are very mispriced on $CLPR
    I grabbed a bunch of ITM calls for later this year trading for pennies of premium. If the seller isn't careful, I'll wipe him out and take a few hundred contracts.
  • A
    Astute Investor
    Timber!
  • C
    Chnrsym
    Technicals are showing great signs of upside potential.Buy rating at 9trading: 7. Long over 10.3 for a run up to 12.2.
  • Y
    Yahoo Finance Insights
    CLPR is up 4.91% to 9.18
  • Y
    Yahoo Finance Insights
    CLPR is up 5.70% to 9.91
  • Y
    Yahoo Finance Insights
    CLPR is up 5.10% to 9.90
  • Y
    Yahoo Finance Insights
    CLPR is up 5.31% to 8.32