Analyzing Mack-Cali Realty Corporation (CLI) & Corporate Office Properties Trust (NYSE:OFC)
Mack-Cali Realty Corporation (NYSE: CLI) and Corporate Office Properties Trust (NYSE:OFC) are both mid-cap finance companies, but which is the better stock? We will compare the two businesses based on the strength of their analyst recommendations, profitabiliy, earnings, risk, institutional ownership, dividends and valuation.
This is a summary of current ratings for Mack-Cali Realty Corporation and Corporate Office Properties Trust, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Mack-Cali Realty Corporation||1||3||3||0||2.29|
|Corporate Office Properties Trust||1||7||1||0||2.00|
Mack-Cali Realty Corporation currently has a consensus price target of $30.00, indicating a potential upside of 13.98%. Corporate Office Properties Trust has a consensus price target of $33.25, indicating a potential downside of 4.04%. Given Mack-Cali Realty Corporation’s stronger consensus rating and higher possible upside, equities analysts clearly believe Mack-Cali Realty Corporation is more favorable than Corporate Office Properties Trust.
Volatility & Risk
Mack-Cali Realty Corporation has a beta of 1.17, suggesting that its stock price is 17% more volatile than the S&P 500. Comparatively, Corporate Office Properties Trust has a beta of 0.84, suggesting that its stock price is 16% less volatile than the S&P 500.
Mack-Cali Realty Corporation pays an annual dividend of $0.80 per share and has a dividend yield of 3.0%. Corporate Office Properties Trust pays an annual dividend of $1.10 per share and has a dividend yield of 3.2%. Mack-Cali Realty Corporation pays out 111.1% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Corporate Office Properties Trust pays out 1,000.1% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.
This table compares Mack-Cali Realty Corporation and Corporate Office Properties Trust’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Mack-Cali Realty Corporation||10.66%||3.77%||1.46%|
|Corporate Office Properties Trust||4.56%||1.90%||0.69%|
Institutional and Insider Ownership
98.8% of Mack-Cali Realty Corporation shares are owned by institutional investors. 6.8% of Mack-Cali Realty Corporation shares are owned by insiders. Comparatively, 0.6% of Corporate Office Properties Trust shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.
Earnings & Valuation
This table compares Mack-Cali Realty Corporation and Corporate Office Properties Trust’s top-line revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||EBITDA||Earnings Per Share||Price/Earnings Ratio|
|Mack-Cali Realty Corporation||$630.65 million||3.75||$311.71 million||$0.72||36.56|
|Corporate Office Properties Trust||$571.87 million||6.02||$294.74 million||$0.11||315.03|
Mack-Cali Realty Corporation has higher revenue and earnings than Corporate Office Properties Trust. Mack-Cali Realty Corporation is trading at a lower price-to-earnings ratio than Corporate Office Properties Trust, indicating that it is currently the more affordable of the two stocks.
Mack-Cali Realty Corporation beats Corporate Office Properties Trust on 13 of the 16 factors compared between the two stocks.
About Mack-Cali Realty Corporation
Mack-Cali Realty Corporation is a self-administered and self-managed real estate investment trust (REIT). The Company owns and operates a real estate portfolio of Class A office and office/flex properties. It operates in three segments: commercial and other real estate, multi-family real estate and multi-family services. Its commercial and other real estate provides leasing, property management, acquisition, development, construction and tenant-related services for its commercial and other real estate, and multi-family real estate portfolio. Its multi-family services business also provides similar services for third parties. It owned or had interests in approximately 248 properties, consisting of approximately 119 office and approximately 110 flex properties, totaling approximately 26.6 million square feet, leased to approximately 1,600 commercial tenants and approximately 19 multi-family rental properties containing approximately 5,614 residential units, plus developable land.
About Corporate Office Properties Trust
Corporate Office Properties Trust is a fully-integrated and self-managed real estate investment trust (REIT). The Company owns, manages, leases, develops and acquires office and data center properties. The Company’s segments are Defense/IT Locations; Regional Office; operating wholesale data center, and other. As of December 31, 2016, the Company’s properties included 164 operating office properties totaling 17.2 million square feet, including 13 triple-net leased, single-tenant data center properties; 11 office properties under construction or redevelopment; 1,028 acres of land controlled for future development, and a wholesale data center with a critical load of 19.25 megawatts. The Company conducts all of its operations through Corporate Office Properties, L.P. (COPLP) and subsidiaries (collectively, the Operating Partnership). COPLP owns real estate both directly and through subsidiary partnerships and limited liability companies (LLCs).
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