Colonial Properties Trust Second Quarter Earnings Sneak Peek

Colonial Properties Trust (NASDAQ:CLP) will unveil its latest earnings on Thursday, July 28, 2011. Colonial Properties Trust is a REIT, which is engaged in the acquisition, development, ownership, management and leasing of commercial real estate property. Equity Residential Second Quarter Earnings Sneak Peek>>

Colonial Properties Trust Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for FFO of 29 cents per share, a rise of 7.4% from the company’s actual figure for the same quarter a year ago. During the past three months, the average estimate has moved up from 28 cents. Between one and three months ago, the average estimate was unchanged, but has risen during the last month. For the year, analysts are projecting profit of $1.14 per share, a rise of 11.8% from last year.

Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the first quarter, it reported net income of 27 cents per share against a mean estimate of 28 cents. Two quarters ago, it beat expectations by 2 cents with profit of 28 cents.

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Wall St. Revenue Expectations: On average, analysts predict $93.2 million in revenue this quarter, a rise of 1.5% from the year ago quarter. Analysts are forecasting total revenue of $374.8 million for the year, a rise of 2.1% from last year’s revenue of $367 million.

Analyst Ratings: Analysts seem relatively indifferent about Colonial Properties with seven of 12 analysts surveyed maintaining a hold rating.

Competitors to Watch: Cousins Properties Inc (NYSE:CUZ), Vornado Realty Trust (NYSE:VNO), Washington Real Estate Investment Trust (NYSE:WRE), Liberty Property Trust (NYSE:LRY), Essex Property Trust, Inc. (NYSE:ESS), UDR, Inc. (NYSE:UDR), Mid-America Apartment (NYSE:MAA), Camden Property Trust (NYSE:CPT), BRE Properties, Inc. (NYSE:BRE), and Equity Residential (NYSE:EQR).

Stock Price Performance: During May 25, 2011 to July 22, 2011, the stock price had risen $1.67 (8.3%) from $20.13 to $21.80. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 7, 2011 when shares rose for nine-straight days, rising 8.4% (+$1.66) over that span. It saw one of its worst periods between February 14, 2011 and February 24, 2011 when shares fell for eight-straight days, falling 5.4% (-$1.06) over that span. Shares are up $4.02 (+22.6%) year to date.

(Source: Xignite Financials)

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