Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. American Healthcare REIT (AHR) 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? Let's take a closer look at the stock's year-to-date performance to find out.
American Healthcare REIT is a member of the Finance sector. This group includes 834 individual stocks and currently holds a Zacks Sector Rank of #3. 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. American Healthcare REIT is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AHR's full-year earnings has moved 1.2% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, AHR has returned 6.5% so far this year. In comparison, Finance companies have returned an average of -1.2%. As we can see, American Healthcare REIT is performing better than its sector in the calendar year.
Another stock in the Finance sector, Bank of Nova Scotia (BNS), has outperformed the sector so far this year. The stock's year-to-date return is 3.9%.
In Bank of Nova Scotia's case, the consensus EPS estimate for the current year increased 4.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, American Healthcare REIT belongs to the REIT and Equity Trust - Other industry, a group that includes 91 individual stocks and currently sits at #58 in the Zacks Industry Rank. This group has gained an average of 9.6% so far this year, so AHR is slightly underperforming its industry in this area.
On the other hand, Bank of Nova Scotia belongs to the Banks - Foreign industry. This 66-stock industry is currently ranked #154. The industry has moved +1.2% year to date.
American Healthcare REIT and Bank of Nova Scotia could continue their solid performance, so investors interested in Finance stocks should continue to pay close attention to these stocks.
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American Healthcare REIT, Inc. (AHR): Free Stock Analysis Report
Bank of Nova Scotia (The) (BNS): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).