Reviewing Corporate Office Properties Trust (OFC) and Paramount Group (PGRE)
Corporate Office Properties Trust (NYSE: OFC) and Paramount Group (NASDAQ:PGRE) are both mid-cap finance companies, but which is the superior business? We will compare the two companies based on the strength of their analyst recommendations, profitability, valuation, institutional ownership, earnings, dividends and risk.
This is a summary of recent ratings and price targets for Corporate Office Properties Trust and Paramount Group, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Corporate Office Properties Trust||2||7||0||0||1.78|
Corporate Office Properties Trust currently has a consensus price target of $33.33, indicating a potential upside of 1.01%. Paramount Group has a consensus price target of $16.10, indicating a potential upside of 2.22%. Given Paramount Group’s stronger consensus rating and higher possible upside, analysts clearly believe Paramount Group is more favorable than Corporate Office Properties Trust.
Earnings and Valuation
This table compares Corporate Office Properties Trust and Paramount Group’s top-line revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||EBITDA||Earnings Per Share||Price/Earnings Ratio|
|Corporate Office Properties Trust||$578.09 million||5.68||$290.41 million||$0.73||45.21|
|Paramount Group||$708.66 million||5.31||$384.89 million||N/A||N/A|
Paramount Group has higher revenue and earnings than Corporate Office Properties Trust.
Corporate Office Properties Trust pays an annual dividend of $1.10 per share and has a dividend yield of 3.3%. Paramount Group does not pay a dividend. 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.
This table compares Corporate Office Properties Trust and Paramount Group’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Corporate Office Properties Trust||15.86%||6.55%||2.48%|
Paramount Group beats Corporate Office Properties Trust on 10 of the 12 factors compared between the two stocks.
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).
About Paramount Group
Paramount Group, Inc. is a fully-integrated real estate investment trust (REIT) focused on owning, operating, managing, acquiring and redeveloping Class A office properties in select central business district submarkets of New York City, Washington, District of Columbia (D.C.) and San Francisco. The Company conducts its business through, and substantially all its interests in properties and investments are held by, Paramount Group Operating Partnership LP (the Operating Partnership). The Company’s segments include New York, Washington, D.C. and San Francisco. As of December 31, 2016, the Company’s portfolio consisted of 13 Class A office properties aggregating approximately 10.8 million square feet that was 93.3% leased and 90.9% occupied. The Company also has an investment management business, where it serves as the general partner and property manager of certain private equity real estate funds for institutional investors and high-net-worth individuals.
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