Brookdale Senior Living Inc. (BKD) Receives “Buy” Rating from Wells Fargo & Co.
Brookdale Senior Living Inc. (NYSE:BKD)‘s stock had its “buy” rating restated by research analysts at Wells Fargo & Co. in a note issued to investors on Monday.
BKD has been the topic of a number of other research reports. JMP Securities dropped their price target on shares of Brookdale Senior Living from $30.00 to $29.00 and set a “market outperform” rating on the stock in a research note on Wednesday, August 24th. Jefferies Group reissued a “buy” rating on shares of Brookdale Senior Living in a research note on Tuesday, September 6th. Zacks Investment Research raised shares of Brookdale Senior Living from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Tuesday, October 4th. Finally, TheStreet raised shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a research note on Thursday, September 22nd. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $23.83.
Brookdale Senior Living (NYSE:BKD) opened at 16.12 on Monday. The company’s market cap is $3.00 billion. The firm’s 50-day moving average is $17.30 and its 200-day moving average is $17.23. Brookdale Senior Living has a 52-week low of $11.28 and a 52-week high of $23.92.
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Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings results on Monday, August 8th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by $0.78. Brookdale Senior Living had a negative net margin of 6.54% and a positive return on equity of 10.13%. The company earned $1.26 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the business posted ($0.46) EPS. Brookdale Senior Living’s revenue was up 1.7% compared to the same quarter last year. On average, equities research analysts anticipate that Brookdale Senior Living will post ($0.10) EPS for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in BKD. State Street Corp raised its position in shares of Brookdale Senior Living by 10.1% in the first quarter. State Street Corp now owns 2,487,397 shares of the company’s stock worth $39,503,000 after buying an additional 228,580 shares during the last quarter. Real Estate Management Services LLC purchased a new position in shares of Brookdale Senior Living during the second quarter worth $20,402,000. Wellington Management Group LLP raised its position in shares of Brookdale Senior Living by 2.3% in the first quarter. Wellington Management Group LLP now owns 1,228,942 shares of the company’s stock worth $19,516,000 after buying an additional 27,266 shares during the last quarter. Brookfield Asset Management Inc. raised its position in shares of Brookdale Senior Living by 187.3% in the first quarter. Brookfield Asset Management Inc. now owns 2,290,550 shares of the company’s stock worth $36,374,000 after buying an additional 1,493,250 shares during the last quarter. Finally, Chicago Equity Partners LLC raised its position in shares of Brookdale Senior Living by 140.4% in the second quarter. Chicago Equity Partners LLC now owns 180,340 shares of the company’s stock worth $2,784,000 after buying an additional 105,310 shares during the last quarter.
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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