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Brookdale Senior Living (NYSE:BKD) Director Wesley R. Edens sold 18,424,895 shares of the company’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $32.00, for a total value of $589,596,640.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

BKD has been the subject of a number of recent research reports. Analysts at Jefferies Group initiated coverage on shares of Brookdale Senior Living in a research note on Monday. They set a “buy” rating and a $40.00 price target on the stock. Separately, analysts at RBC Capital upgraded shares of Brookdale Senior Living from an “outperform” rating to a “top pick” rating in a research note on Monday, May 19th. They now have a $42.00 price target on the stock, up previously from $38.00. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Brookdale Senior Living in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $36.33.

Brookdale Senior Living (NYSE:BKD) traded down 0.48% on Monday, hitting $33.10. The stock had a trading volume of 1,855,878 shares. Brookdale Senior Living has a 52 week low of $24.42 and a 52 week high of $34.80. The stock has a 50-day moving average of $31.7 and a 200-day moving average of $30.2. The company’s market cap is $4.131 billion.

Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Wednesday, May 7th. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.06 by $0.08. The company had revenue of $747.30 million for the quarter, compared to the consensus estimate of $746.76 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. On average, analysts predict that Brookdale Senior Living will post $0.18 earnings per share for the current fiscal year.

Brookdale Senior Living Inc (NYSE:BKD) is an owner and operator of senior living communities throughout the United States.

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