Brookdale Senior Living Inc. (BKD) Shares Down 2.2%
Brookdale Senior Living Inc. (NYSE:BKD) shares traded down 2.2% during trading on Tuesday . The stock traded as low as $17.69 and last traded at $17.80, with a volume of 1,734,561 shares traded. The stock had previously closed at $18.20.
Several research analysts have recently commented on the company. Jefferies Group set a $29.00 price target on Brookdale Senior Living and gave the stock a “buy” rating in a research report on Monday. JMP Securities lowered their price target on Brookdale Senior Living from $30.00 to $29.00 and set a “market outperform” rating for the company in a research report on Wednesday, August 24th. Zacks Investment Research upgraded Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. Finally, Barclays PLC lowered their price target on Brookdale Senior Living from $28.00 to $21.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 1st. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $24.83.
The company’s market cap is $3.29 billion. The stock’s 50 day moving average is $17.27 and its 200 day moving average is $17.08.
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Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Monday, August 8th. The company reported ($0.19) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by $0.78. The business earned $1.26 billion during the quarter, compared to analyst estimates of $1.23 billion. Brookdale Senior Living had a negative net margin of 6.54% and a positive return on equity of 10.13%. The company’s revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.46) earnings per share. On average, equities analysts anticipate that Brookdale Senior Living Inc. will post ($0.10) EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Independent Portfolio Consultants Inc. acquired a new position in shares of Brookdale Senior Living during the second quarter valued at $151,000. Janus Capital Management LLC acquired a new position in shares of Brookdale Senior Living during the second quarter valued at $168,000. Cahill Financial Advisors Inc. acquired a new position in shares of Brookdale Senior Living during the second quarter valued at $170,000. Quantitative Systematic Strategies LLC acquired a new position in shares of Brookdale Senior Living during the second quarter valued at $180,000. Finally, Bank of Hawaii acquired a new position in shares of Brookdale Senior Living during the second quarter valued at $187,000.
Brookdale Senior Living Company Profile
Brookdale Senior Living Inc is engaged in the operation of senior living communities in the United States. The Company has five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services, and Management Services. Its Retirement Centers segment includes owned or leased communities that are designed for middle to upper income seniors.
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