For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Ladder Capital (LADR) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Ladder Capital is a member of our Finance group, which includes 819 different companies and currently sits at #11 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 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. LADR is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for LADR's full-year earnings has moved 8.88% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, LADR has moved about 26.05% on a year-to-date basis. In comparison, Finance companies have returned an average of 0.17%. This shows that Ladder Capital is outperforming its peers so far this year.
To break things down more, LADR belongs to the REIT and Equity Trust industry, a group that includes 30 individual companies and currently sits at #169 in the Zacks Industry Rank. On average, stocks in this group have gained 5.03% this year, meaning that LADR is performing better in terms of year-to-date returns.
Investors with an interest in Finance stocks should continue to track LADR. The stock will be looking to continue its solid performance.
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