Colonial Properties (CLP) Announces Quarterly Results
Colonial Properties (NYSE: CLP) announced its earnings results on Thursday. The company reported $0.34 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.34, StockRatingsNetwork reports. The company had revenue of $103.88 million for the quarter, compared to the consensus estimate of $102.42 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. Colonial Properties updated its FY13 guidance to $1.34-1.40 EPS.
Shares of Colonial Properties (NYSE: CLP) traded down 1.30% during mid-day trading on Thursday, hitting $22.81. Colonial Properties has a one year low of $19.66 and a one year high of $23.64. The stock’s 50-day moving average is currently $22.73. The company has a market cap of $1.996 billion and a P/E ratio of 265.63.
The company also recently announced a quarterly dividend, which is scheduled for Monday, May 13th. Investors of record on Monday, May 6th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.65%. The ex-dividend date is Thursday, May 2nd.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.