Zacks Investment Research upgraded shares of COLONIAL PPTYS (CLP) from UNDERPERFORM to NEUTRAL on August 14, 2013, with a target price of $23.40.
Colonial Properties Trust is one of the largest owners, developers and operators of multifamily, office and retail properties in the Sunbelt region of the United States. It is a fully-integrated real estate company, whose activities include ownership of a diversified portfolio of properties located in Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, Tennessee, Texas, and Virginia, development of new properties, acquisition of existing properties, build-to-suit development, and the provision of management, leasing, and brokerage.
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