Colonial Properties (NYSE:CLP) declared a quarterly dividend on Friday, January 25th. Stockholders of record on Monday, February 4th will be given a dividend of $0.21 per share on Monday, February 11th. This represents a $0.84 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date of this dividend is Thursday, January 31st. This is a boost from Colonial Properties ‘s previous quarterly dividend of $0.18.

On the ratings front, analysts at BMO Capital Markets downgraded shares of Colonial Properties from a “market perform” rating to an “underperform” rating in a research note to investors on Thursday, November 29th. They now have a $21.00 price target on the stock, up previously from $18.00.

Four analysts have rated the stock with a buy rating, one has given a hold rating, and two have assigned a sell rating to the company. The company has an average rating of “overweight” and a consensus price target of $23.50.

Colonial Properties (CLP) traded up 0.27% on Friday, hitting $22.49. Colonial Properties (CLP) has a 1-year low of $19.66 and a 1-year high of $23.64. The stock’s 50-day moving average is currently $21.28. The company has a market cap of $1.964 billion and a price-to-earnings ratio of 156.85.

Colonial Properties last announced its earnings results on Thursday, January 24th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.14. The company had revenue of $103.00 million for the quarter, compared to the consensus estimate of $99.56 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. Colonial Properties has set its FY13 guidance at $1.34-1.40 EPS. On average, analysts predict that Colonial Properties (CLP) will post $1.38 earnings per share for the current fiscal year.

Colonial Properties Trust is a multifamily-focused self-administered equity REIT that owns, operates and develops multifamily communities primarily located in the Sunbelt region of the United States.

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