Insider Selling: L. Granger Cobb Unloads 525,000 Shares of Brookdale Senior Living Stock (BKD)
Brookdale Senior Living (NYSE:BKD) Director L. Granger Cobb sold 525,000 shares of Brookdale Senior Living stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $32.64, for a total transaction of $17,136,000.00. Following the completion of the transaction, the director now directly owns 115,948 shares in the company, valued at approximately $3,784,543. The sale was disclosed in a legal filing with the SEC, which is available at this link.
BKD has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Brookdale Senior Living from an “underperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $34.30 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Brookdale Senior Living from $34.00 to $36.00 in a research note on Friday, August 8th. Finally, analysts at Stifel Nicolaus raised their price target on shares of Brookdale Senior Living from $38.00 to $40.00 in a research note on Friday, August 8th. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Brookdale Senior Living has a consensus rating of “Buy” and an average price target of $37.93.
Shares of Brookdale Senior Living (NYSE:BKD) traded up 0.98% on Thursday, hitting $32.94. 1,903,027 shares of the company’s stock traded hands. Brookdale Senior Living has a 52-week low of $24.42 and a 52-week high of $36.18. The stock has a 50-day moving average of $34.32 and a 200-day moving average of $32.49. The company’s market cap is $4.131 billion.
Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.71 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.05 by $0.66. The company had revenue of $748.39 million for the quarter, compared to the consensus estimate of $740.32 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. On average, analysts predict that Brookdale Senior Living will post $-0.20 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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