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Is Granite Real Estate (GRP.U) Outperforming Other Finance Stocks This Year?

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Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Has Granite Real Estate (GRP.U - 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.

Granite Real Estate is a member of our Finance group, which includes 826 different companies and currently sits 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. GRP.U is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for GRP.U's full-year earnings has moved 4.39% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Our latest available data shows that GRP.U has returned about 8.37% since the start of the calendar year. In comparison, Finance companies have returned an average of -2.27%. This means that Granite Real Estate is performing better than its sector in terms of year-to-date returns.

Looking more specifically, GRP.U belongs to the REIT and Equity Trust - Other industry, which includes 117 individual stocks and currently sits at #92 in the Zacks Industry Rank. On average, stocks in this group have gained 2.45% this year, meaning that GRP.U is performing better in terms of year-to-date returns.

GRP.U will likely be looking to continue its solid performance, so investors interested Finance stocks should continue to pay close attention to the company.




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