Gramercy Property Trust (GPT) vs. Corporate Office Properties Trust (OFC) Head-To-Head Analysis
Gramercy Property Trust (NYSE: GPT) and Corporate Office Properties Trust (NYSE:OFC) are both mid-cap finance companies, but which is the better business? We will compare the two businesses based on the strength of their valuation, earnings, profitabiliy, dividends, risk, institutional ownership and analyst recommendations.
Valuation and Earnings
This table compares Gramercy Property Trust and Corporate Office Properties Trust’s gross revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Price/Sales Ratio||EBITDA||Earnings Per Share||Price/Earnings Ratio|
|Gramercy Property Trust||$526.73 million||8.60||$373.00 million||$0.09||331.26|
|Corporate Office Properties Trust||$578.09 million||5.55||$290.41 million||$0.73||44.21|
Gramercy Property Trust has higher revenue, but lower earnings than Corporate Office Properties Trust. Corporate Office Properties Trust is trading at a lower price-to-earnings ratio than Gramercy Property Trust, indicating that it is currently the more affordable of the two stocks.
This table compares Gramercy Property Trust and Corporate Office Properties Trust’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Gramercy Property Trust||4.35%||0.81%||0.40%|
|Corporate Office Properties Trust||15.86%||6.55%||2.48%|
This is a breakdown of recent ratings for Gramercy Property Trust and Corporate Office Properties Trust, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Gramercy Property Trust||0||2||2||0||2.50|
|Corporate Office Properties Trust||2||7||1||0||1.90|
Gramercy Property Trust currently has a consensus target price of $34.00, indicating a potential upside of 14.06%. Corporate Office Properties Trust has a consensus target price of $32.75, indicating a potential upside of 1.49%. Given Gramercy Property Trust’s stronger consensus rating and higher possible upside, equities analysts plainly believe Gramercy Property Trust is more favorable than Corporate Office Properties Trust.
Insider and Institutional Ownership
82.7% of Gramercy Property Trust shares are held by institutional investors. 1.4% of Gramercy Property Trust shares are held by company insiders. Comparatively, 0.6% of Corporate Office Properties Trust shares are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.
Volatility and Risk
Gramercy Property Trust has a beta of 0.58, meaning that its share price is 42% less volatile than the S&P 500. Comparatively, Corporate Office Properties Trust has a beta of 0.83, meaning that its share price is 17% less volatile than the S&P 500.
Gramercy Property Trust pays an annual dividend of $1.50 per share and has a dividend yield of 5.0%. Corporate Office Properties Trust pays an annual dividend of $1.10 per share and has a dividend yield of 3.4%. Gramercy Property Trust pays out 1,666.9% 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 150.7% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Gramercy Property Trust has increased its dividend for 2 consecutive years. Gramercy Property Trust is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
Gramercy Property Trust beats Corporate Office Properties Trust on 9 of the 17 factors compared between the two stocks.
Gramercy Property Trust Company Profile
Gramercy Property Trust is a real estate investment trust (REIT), which is an investor and asset manager of commercial real estate. The Company’s operating segments include Investments/Corporate and Asset Management. The Investments/Corporate segment includes all of its activities related to the investment and ownership of commercial properties located throughout the United States and Europe. The Asset Management segment includes substantially all of its activities related to asset and property management of commercial properties located throughout the United States and Europe. It is engaged in acquiring and managing single-tenant, net leased industrial, office and specialty properties. It focuses on income producing properties leased to tenants in markets in the United States and Europe. It earns revenues through rental revenues on properties that it owns in the United States and asset management revenues on properties owned by third parties in the United States and Europe.
Corporate Office Properties Trust Company Profile
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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