We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Has Camden Property Trust (CPT) Outpaced Other Finance Stocks This Year?
Read MoreHide Full Article
For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Camden (CPT - 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? Let's take a closer look at the stock's year-to-date performance to find out.
Camden is a member of the Finance sector. This group includes 871 individual stocks and currently holds a Zacks Sector Rank of #6. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Camden is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CPT's full-year earnings has moved 0.7% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, CPT has gained about 20.5% so far this year. At the same time, Finance stocks have gained an average of 20.1%. This means that Camden is performing better than its sector in terms of year-to-date returns.
One other Finance stock that has outperformed the sector so far this year is Allstate (ALL - Free Report) . The stock is up 37.9% year-to-date.
Over the past three months, Allstate's consensus EPS estimate for the current year has increased 21.9%. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Camden is a member of the REIT and Equity Trust - Residential industry, which includes 23 individual companies and currently sits at #64 in the Zacks Industry Rank. Stocks in this group have gained about 10.1% so far this year, so CPT is performing better this group in terms of year-to-date returns.
On the other hand, Allstate belongs to the Insurance - Property and Casualty industry. This 40-stock industry is currently ranked #63. The industry has moved +28.8% year to date.
Investors with an interest in Finance stocks should continue to track Camden and Allstate. These stocks will be looking to continue their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Has Camden Property Trust (CPT) Outpaced Other Finance Stocks This Year?
For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Camden (CPT - 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? Let's take a closer look at the stock's year-to-date performance to find out.
Camden is a member of the Finance sector. This group includes 871 individual stocks and currently holds a Zacks Sector Rank of #6. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Camden is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CPT's full-year earnings has moved 0.7% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, CPT has gained about 20.5% so far this year. At the same time, Finance stocks have gained an average of 20.1%. This means that Camden is performing better than its sector in terms of year-to-date returns.
One other Finance stock that has outperformed the sector so far this year is Allstate (ALL - Free Report) . The stock is up 37.9% year-to-date.
Over the past three months, Allstate's consensus EPS estimate for the current year has increased 21.9%. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Camden is a member of the REIT and Equity Trust - Residential industry, which includes 23 individual companies and currently sits at #64 in the Zacks Industry Rank. Stocks in this group have gained about 10.1% so far this year, so CPT is performing better this group in terms of year-to-date returns.
On the other hand, Allstate belongs to the Insurance - Property and Casualty industry. This 40-stock industry is currently ranked #63. The industry has moved +28.8% year to date.
Investors with an interest in Finance stocks should continue to track Camden and Allstate. These stocks will be looking to continue their solid performance.