Investors focused on the Finance space have likely heard of DCT Industrial Trust , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of DCT and the rest of the Finance group's stocks.
DCT Industrial Trust is a member of the Finance sector. This group includes 826 individual stocks and currently holds a Zacks Sector Rank of #10. 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 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. DCT is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for DCT's full-year earnings has moved 0.22% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that DCT has returned about 13.08% since the start of the calendar year. At the same time, Finance stocks have lost an average of 3.11%. This shows that DCT Industrial Trust is outperforming its peers so far this year.
Looking more specifically, DCT belongs to the REIT and Equity Trust - Other industry, which includes 117 individual stocks and currently sits at #92 in the Zacks Industry Rank. Stocks in this group have gained about 2.45% so far this year, so DCT is performing better this group in terms of year-to-date returns.
DCT will likely be looking to continue its solid performance, so investors interested Finance stocks should continue to pay close attention to the company.