For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Arbor Realty Trust (ABR) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Arbor Realty Trust is one of 851 companies in the Finance group. The Finance group currently sits at #11 within 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 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. ABR is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for ABR's full-year earnings has moved 0.84% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, ABR has moved about 22.15% on a year-to-date basis. In comparison, Finance companies have returned an average of 10.52%. This means that Arbor Realty Trust is performing better than its sector in terms of year-to-date returns.
Looking more specifically, ABR belongs to the REIT and Equity Trust - Other industry, which includes 121 individual stocks and currently sits at #148 in the Zacks Industry Rank. On average, stocks in this group have gained 13.61% this year, meaning that ABR is performing better in terms of year-to-date returns.
Investors with an interest in Finance stocks should continue to track ABR. The stock will be looking to continue its solid performance.
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