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Is Camden Property Trust (CPT) Outperforming Other Finance Stocks This Year?
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The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Camden Property Trust (CPT - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Camden Property Trust is one of 824 individual stocks in the Finance sector. Collectively, these companies sit at #10 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. CPT is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CPT's full-year earnings has moved 0.33% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, CPT has returned 0.58% so far this year. At the same time, Finance stocks have lost an average of 0.81%. As we can see, Camden Property Trust is performing better than its sector in the calendar year.
Looking more specifically, CPT belongs to the REIT and Equity Trust - Residential industry, a group that includes 20 individual stocks and currently sits at #160 in the Zacks Industry Rank. On average, this group has gained an average of 3.23% so far this year, meaning that CPT is slightly underperforming its industry in terms of year-to-date returns.
Investors with an interest in Finance stocks should continue to track CPT. The stock will be looking to continue its solid performance.
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Is Camden Property Trust (CPT) Outperforming Other Finance Stocks This Year?
The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Camden Property Trust (CPT - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Camden Property Trust is one of 824 individual stocks in the Finance sector. Collectively, these companies sit at #10 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. CPT is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CPT's full-year earnings has moved 0.33% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, CPT has returned 0.58% so far this year. At the same time, Finance stocks have lost an average of 0.81%. As we can see, Camden Property Trust is performing better than its sector in the calendar year.
Looking more specifically, CPT belongs to the REIT and Equity Trust - Residential industry, a group that includes 20 individual stocks and currently sits at #160 in the Zacks Industry Rank. On average, this group has gained an average of 3.23% so far this year, meaning that CPT is slightly underperforming its industry in terms of year-to-date returns.
Investors with an interest in Finance stocks should continue to track CPT. The stock will be looking to continue its solid performance.