Insider Selling: James R. Seward Sells 15,000 Shares of Brookdale Senior Living Stock (BKD)
Brookdale Senior Living (NYSE:BKD) Director James R. Seward sold 15,000 shares of Brookdale Senior Living stock on the open market in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $35.16, for a total value of $527,400.00. Following the transaction, the director now directly owns 48,590 shares in the company, valued at approximately $1,708,424. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Brookdale Senior Living (NYSE:BKD) opened at 34.93 on Friday. Brookdale Senior Living has a 1-year low of $24.42 and a 1-year high of $36.18. The stock has a 50-day moving average of $34.42 and a 200-day moving average of $32.98. The company’s market cap is $6.043 billion. Brookdale Senior Living also was the target of a large drop in short interest in August. As of August 15th, there was short interest totalling 3,740,321 shares, a drop of 74.9% from the July 31st total of 14,923,314 shares. Currently, 2.2% of the company’s stock are sold short. Based on an average daily trading volume, of 2,553,175 shares, the short-interest ratio is presently 1.5 days.
Brookdale Senior Living (NYSE:BKD) last released its earnings data on Wednesday, August 6th. The company reported $0.71 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.04) earnings per share. Brookdale Senior Living’s revenue was up 4.5% compared to the same quarter last year. On average, analysts predict that Brookdale Senior Living will post $-0.20 earnings per share for the current fiscal year.
BKD has been the subject of a number of recent research reports. Analysts at Jefferies Group raised their price target on shares of Brookdale Senior Living from $40.00 to $47.00 in a research note on Friday, August 22nd. They now have a “buy” rating on the stock. Separately, analysts at JMP Securities raised their price target on shares of Brookdale Senior Living from $40.00 to $46.00 in a research note on Tuesday, August 19th. They now have an “outperform” rating on the stock. Finally, analysts at Zacks upgraded shares of Brookdale Senior Living from an “underperform” rating to a “neutral” rating in a research note on Tuesday, August 12th. They now have a $34.30 price target on the stock. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $39.60.
Brookdale Senior Living Inc (NYSE:BKD) is an owner and operator of senior living communities throughout the United States.