Brookdale Senior Living Inc. (BKD) Downgraded by Zacks Investment Research
Brookdale Senior Living Inc. (NYSE:BKD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.
According to Zacks, “Brookdale Senior Living Inc. is a leading owner and operator of senior living facilities throughout the United States. The Company is committed to providing an exceptional living experience through properties that are designed, purpose-built and operated to provide the highest-quality service, care and living accommodations for residents. The Company owns and operates independent, assisted and dementia-care facilities. “
A number of other brokerages have also recently weighed in on BKD. Jefferies Group set a $29.00 price objective on shares of Brookdale Senior Living and gave the company a “buy” rating in a report on Monday, September 19th. JMP Securities decreased their price target on shares of Brookdale Senior Living from $30.00 to $29.00 and set a “market outperform” rating for the company in a research note on Wednesday, August 24th. Wells Fargo & Co. reiterated a “buy” rating on shares of Brookdale Senior Living in a research note on Monday. Finally, TheStreet upgraded shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a research note on Thursday, September 22nd. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $23.83.
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Brookdale Senior Living (NYSE:BKD) traded up 0.31% during mid-day trading on Monday, hitting $16.17. 1,722,816 shares of the stock were exchanged. Brookdale Senior Living has a 52-week low of $11.28 and a 52-week high of $23.92. The company has a 50 day moving average price of $17.30 and a 200 day moving average price of $17.23. The firm’s market cap is $3.01 billion.
Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings data on Monday, August 8th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.46) EPS. On average, analysts anticipate that Brookdale Senior Living will post ($0.10) EPS for the current year.
Several hedge funds have recently modified their holdings of BKD. Independent Portfolio Consultants Inc. bought a new stake in shares of Brookdale Senior Living during the second quarter valued at $151,000. Janus Capital Management LLC bought a new stake in shares of Brookdale Senior Living during the second quarter valued at $168,000. Cahill Financial Advisors Inc. bought a new stake in shares of Brookdale Senior Living during the second quarter valued at $170,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Brookdale Senior Living during the second quarter valued at $180,000. Finally, Bank of Hawaii bought a new stake in shares of Brookdale Senior Living during the second quarter valued at $187,000.
About Brookdale Senior Living
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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