Tortoise Capital Resources (NYSE: CORR) and Essex Property Trust (NYSE:ESS) are both finance companies, but which is the superior business? We will contrast the two companies based on the strength of their risk, dividends, profitability, valuation, institutional ownership, earnings and analyst recommendations.
Risk and Volatility
Tortoise Capital Resources has a beta of 1.88, suggesting that its stock price is 88% more volatile than the S&P 500. Comparatively, Essex Property Trust has a beta of 0.38, suggesting that its stock price is 62% less volatile than the S&P 500.
This is a breakdown of current recommendations and price targets for Tortoise Capital Resources and Essex Property Trust, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Tortoise Capital Resources||1||1||0||0||1.50|
|Essex Property Trust||1||8||12||0||2.52|
Tortoise Capital Resources currently has a consensus price target of $37.00, suggesting a potential downside of 0.22%. Essex Property Trust has a consensus price target of $262.21, suggesting a potential upside of 11.85%. Given Essex Property Trust’s stronger consensus rating and higher possible upside, analysts plainly believe Essex Property Trust is more favorable than Tortoise Capital Resources.
Institutional and Insider Ownership
62.0% of Tortoise Capital Resources shares are owned by institutional investors. Comparatively, 97.3% of Essex Property Trust shares are owned by institutional investors. 1.2% of Tortoise Capital Resources shares are owned by insiders. Comparatively, 3.3% of Essex Property Trust shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.
This table compares Tortoise Capital Resources and Essex Property Trust’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Tortoise Capital Resources||37.00%||9.34%||5.06%|
|Essex Property Trust||25.08%||5.10%||2.61%|
Earnings and Valuation
This table compares Tortoise Capital Resources and Essex Property Trust’s revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|Tortoise Capital Resources||$88.75 million||4.98||$32.60 million||$3.81||9.73|
|Essex Property Trust||$1.36 billion||11.35||$433.05 million||$11.91||19.68|
Essex Property Trust has higher revenue and earnings than Tortoise Capital Resources. Tortoise Capital Resources is trading at a lower price-to-earnings ratio than Essex Property Trust, indicating that it is currently the more affordable of the two stocks.
Tortoise Capital Resources pays an annual dividend of $3.00 per share and has a dividend yield of 8.1%. Essex Property Trust pays an annual dividend of $7.44 per share and has a dividend yield of 3.2%. Tortoise Capital Resources pays out 78.7% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Essex Property Trust pays out 62.5% of its earnings in the form of a dividend. Essex Property Trust has raised its dividend for 24 consecutive years.
Essex Property Trust beats Tortoise Capital Resources on 12 of the 17 factors compared between the two stocks.
About Tortoise Capital Resources
CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA) is a real estate investment trust (REIT) that owns essential energy assets, such as pipelines, storage terminals, and transmission and distribution assets. We receive long-term contracted revenue from operators of our assets, primarily under triple-net participating leases. For more information, please visit corenergy.reit.
About Essex Property Trust
Essex Property Trust, Inc., an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. The Company currently has ownership interests in 247 apartment communities comprising more than 60,000 apartment homes with an additional 7 properties in various stages of active development. Additional information about the Company can be found on the Company's website at www.essex.com.
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