Wunderlich Securities Puts Hold and PT of $21 on Colonial Properties Trust (CLP)

Wunderlich Securities initiated its coverage of Colonial Properties Trust CLP. In a research report published today, Wunderlich put a Hold rating and price target of $21 on Colonial Properties. In the report, Wunderlich states, "We are initiating coverage of Colonial Properties Trust (CLP) with a Hold rating and $21 price target on the shares. We believe that the company has made it through the worst of the economic challenges that impacted its Sunbelt-focused portfolio. That said, the near-term outlook for growth remains somewhat below peers. With the stock trading roughly in line with peers, we rate the shares Hold. In today's trading, Colonial Properties lost 0.86% of its value and is currently standing at $20.64.