You brought up SXR and CCJ. I believe SXR is very aggresive and will do very well. Look carefully at CCJ. They had a water leak and had to repair a bulkhead. Then they went back and created a leak and found out the repairs to the seal were inadequate. CCj should not have had a second water leak let alone a second seal failure. Wouldn’t you think that a company working around water would do a seismic study being there is so much at stake? Maybe even more pumping capacity. It seems to me that CCJ is playing fast and a little too loose. Granted they have other properties but I think they need some new leadership blood. Take a look at Denison. A bit behind on property development but they have tied up or are working with a group of juniors with high grade uranium and very good seam thickness. These properties may be a bit more of a gamble but are well worth watching.

You currently have a sell rating for Colonial Properties, a REIT based out of Montgomery AL. I would encourage you to reevaluate this company. I have been a sharelholder for years, and am currently using the depressed value to purchase more shares.

I believe that a quick evaluation of the company would show decreasing income, lower dividends, and more reasons to show weekness.
Detailed investigation however would show that they sold properties at the peak of the market as a plan to capitalise on the downturn. (they saw the bubble burst coming) Compared to similar REITS, they have an excellant Dividend, only 10%, theay have 19 consecutive quarters of year over year smae property gains. They have a very small exposure to residential developement, and have made what appears to be substantial adjustment to those values. They currently have one of the lowest debt ratios in the business.
Based on income and dividend rates,along with their current developement pipeline, (over 2500 more apartments coming on line), I see the stock price at $32 to $38.
Well run, low risk investments, and ahead of their peers on the market. Why do recomend that I sell?