We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Apple Hospitality REIT (APLE) Stock Outpacing Its Finance Peers This Year?
Read MoreHide Full Article
The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Apple Hospitality REIT (APLE - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.
Apple Hospitality REIT is one of 890 companies in the Finance group. The Finance group currently sits at #5 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Apple Hospitality REIT is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for APLE's full-year earnings has moved 1.9% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, APLE has moved about 53.3% on a year-to-date basis. Meanwhile, the Finance sector has returned an average of 4.3% on a year-to-date basis. This means that Apple Hospitality REIT is performing better than its sector in terms of year-to-date returns.
Bank of Nova Scotia (BNS - Free Report) is another Finance stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 26.8%.
Over the past three months, Bank of Nova Scotia's consensus EPS estimate for the current year has increased 3.1%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Apple Hospitality REIT belongs to the REIT and Equity Trust - Other industry, which includes 90 individual stocks and currently sits at #95 in the Zacks Industry Rank. This group has gained an average of 8.1% so far this year, so APLE is performing better in this area.
In contrast, Bank of Nova Scotia falls under the Banks - Foreign industry. Currently, this industry has 85 stocks and is ranked #63. Since the beginning of the year, the industry has moved +11.5%.
Apple Hospitality REIT and Bank of Nova Scotia could continue their solid performance, so investors interested in Finance stocks should continue to pay close attention to these stocks.
View the Zacks #1 Rank List
Image: Bigstock
Is Apple Hospitality REIT (APLE) Stock Outpacing Its Finance Peers This Year?
The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Apple Hospitality REIT (APLE - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.
Apple Hospitality REIT is one of 890 companies in the Finance group. The Finance group currently sits at #5 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Apple Hospitality REIT is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for APLE's full-year earnings has moved 1.9% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, APLE has moved about 53.3% on a year-to-date basis. Meanwhile, the Finance sector has returned an average of 4.3% on a year-to-date basis. This means that Apple Hospitality REIT is performing better than its sector in terms of year-to-date returns.
Bank of Nova Scotia (BNS - Free Report) is another Finance stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 26.8%.
Over the past three months, Bank of Nova Scotia's consensus EPS estimate for the current year has increased 3.1%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Apple Hospitality REIT belongs to the REIT and Equity Trust - Other industry, which includes 90 individual stocks and currently sits at #95 in the Zacks Industry Rank. This group has gained an average of 8.1% so far this year, so APLE is performing better in this area.
In contrast, Bank of Nova Scotia falls under the Banks - Foreign industry. Currently, this industry has 85 stocks and is ranked #63. Since the beginning of the year, the industry has moved +11.5%.
Apple Hospitality REIT and Bank of Nova Scotia could continue their solid performance, so investors interested in Finance stocks should continue to pay close attention to these stocks.