The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. CareTrust REIT (CTRE - 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? One simple way to answer this question is to take a look at the year-to-date performance of CTRE and the rest of the Finance group's stocks.
CareTrust REIT 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 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. CTRE is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CTRE's full-year earnings has moved 1.30% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that CTRE has returned about 3.10% since the start of the calendar year. Meanwhile, the Finance sector has returned an average of -3.11% on a year-to-date basis. This means that CareTrust REIT is outperforming the sector as a whole this year.
Looking more specifically, CTRE belongs to the REIT and Equity Trust - Other industry, a group that includes 117 individual stocks and currently sits at #92 in the Zacks Industry Rank. This group has gained an average of 2.45% so far this year, so CTRE is performing better in this area.
Going forward, investors interested in Finance stocks should continue to pay close attention to CTRE as it looks to continue its solid performance.