Insider Selling: Fortress Investment Group Llc Sells 17,593,826 Shares of Brookdale Senior Living Stock (BKD)
Brookdale Senior Living (NYSE:BKD) major shareholder Fortress Investment Group Llc sold 17,593,826 shares of Brookdale Senior Living stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $32.00, for a total value of $563,002,432.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Brookdale Senior Living (NYSE:BKD) traded down 0.48% during mid-day trading on Monday, hitting $33.10. The stock had a trading volume of 1,855,878 shares. Brookdale Senior Living has a 1-year low of $24.42 and a 1-year 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.
A number of analysts have recently weighed in on BKD shares. 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 equities research analyst has rated the stock with a sell rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $36.33.
Brookdale Senior Living Inc (NYSE:BKD) is an owner and operator of senior living communities throughout the United States.
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