Kindred Healthcare Inc. (KND) Stock Price Down 2.2%
Kindred Healthcare Inc. (NYSE:KND) was down 2.2% during mid-day trading on Tuesday . The stock traded as low as $9.75 and last traded at $9.80, with a volume of 513,993 shares trading hands. The stock had previously closed at $10.02.
Several equities research analysts recently weighed in on KND shares. Avondale Partners reduced their target price on shares of Kindred Healthcare from $17.00 to $14.00 and set a “market perform” rating for the company in a research note on Friday, June 17th. Mizuho reduced their target price on shares of Kindred Healthcare from $13.50 to $11.00 and set a “neutral” rating for the company in a research note on Wednesday, July 6th. Zacks Investment Research upgraded shares of Kindred Healthcare from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Wednesday, June 1st. Finally, Bank of America Corp. reiterated a “sell” rating and issued a $11.00 target price on shares of Kindred Healthcare in a research note on Friday, August 5th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $13.57.
The company has a 50-day moving average price of $10.72 and a 200 day moving average price of $11.89. The firm has a market capitalization of $830.36 million, a PE ratio of 12.58 and a beta of 1.82.
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Kindred Healthcare (NYSE:KND) last released its quarterly earnings data on Friday, August 5th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.04. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.85 billion. Kindred Healthcare had a net margin of 0.94% and a return on equity of 6.23%. Kindred Healthcare’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 EPS. On average, equities analysts expect that Kindred Healthcare Inc. will post $0.90 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Thursday, August 18th were paid a dividend of $0.12 per share. The ex-dividend date was Tuesday, August 16th. This represents a $0.48 annualized dividend and a dividend yield of 4.93%. Kindred Healthcare’s dividend payout ratio is presently 63.16%.
In other news, CAO John Joseph Lucchese sold 4,341 shares of the business’s stock in a transaction dated Wednesday, June 29th. The shares were sold at an average price of $11.39, for a total transaction of $49,443.99. Following the transaction, the chief accounting officer now directly owns 34,130 shares in the company, valued at approximately $388,740.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.25% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Fund Advisors raised its position in Kindred Healthcare by 1.3% in the first quarter. BlackRock Fund Advisors now owns 5,704,571 shares of the company’s stock valued at $70,451,000 after buying an additional 73,635 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Kindred Healthcare by 1.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,093,512 shares of the company’s stock valued at $25,855,000 after buying an additional 36,101 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in Kindred Healthcare during the first quarter valued at $3,224,000. BNP Paribas Arbitrage SA raised its position in Kindred Healthcare by 253.9% in the second quarter. BNP Paribas Arbitrage SA now owns 86,808 shares of the company’s stock valued at $980,000 after buying an additional 62,276 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its position in Kindred Healthcare by 1.6% in the second quarter. Louisiana State Employees Retirement System now owns 37,700 shares of the company’s stock valued at $426,000 after buying an additional 600 shares in the last quarter. Institutional investors own 95.61% of the company’s stock.
About Kindred Healthcare
Kindred Healthcare, Inc is a healthcare services company. The Company operates through four divisions, including the hospital division, the Kindred at Home division, the Kindred Rehabilitation Services division and the nursing center division. Its divisions represent over six segments, including hospitals, home health services, hospice services, Kindred Hospital Rehabilitation Services, RehabCare and nursing centers.
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