Is Alexander's (ALX) Outperforming 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. Has Alexander's (ALX) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

Alexander's is one of 874 companies in the Finance group. The Finance group currently sits at #4 within 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. Alexander's is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for ALX's full-year earnings has moved 36.8% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the most recent data, ALX has returned 24.9% so far this year. At the same time, Finance stocks have gained an average of 6.3%. This means that Alexander's is outperforming the sector as a whole this year.

Another stock in the Finance sector, Healthpeak (DOC), has outperformed the sector so far this year. The stock's year-to-date return is 31.8%.

The consensus estimate for Healthpeak's current year EPS has increased 1.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

Breaking things down more, Alexander's is a member of the REIT and Equity Trust - Other industry, which includes 90 individual companies and currently sits at #77 in the Zacks Industry Rank. On average, stocks in this group have gained 13.1% this year, meaning that ALX is performing better in terms of year-to-date returns. Healthpeak is also part of the same industry.

Investors interested in the Finance sector may want to keep a close eye on Alexander's and Healthpeak as they attempt to continue their solid performance.

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This article originally published on Zacks Investment Research (zacks.com).

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