Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Is America First Multifamily Investors, L.P. one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.
America First Multifamily Investors, L.P. is a member of the Finance sector. This group includes 829 individual stocks and currently holds a Zacks Sector Rank of #11. 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 proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. ATAX is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ATAX's full-year earnings has moved 18.18% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, ATAX has gained about 5.37% so far this year. Meanwhile, the Finance sector has returned an average of -2.47% on a year-to-date basis. As we can see, America First Multifamily Investors, L.P. is performing better than its sector in the calendar year.
To break things down more, ATAX belongs to the Financial - Investment Management industry, a group that includes 49 individual companies and currently sits at #206 in the Zacks Industry Rank. On average, stocks in this group have lost 1.36% this year, meaning that ATAX is performing better in terms of year-to-date returns.
Investors in the Finance sector will want to keep a close eye on ATAX as it attempts to continue its solid performance.