Zacks Investment Research Downgrades Brookdale Senior Living Inc. (BKD) to Hold
Brookdale Senior Living Inc. (NYSE:BKD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued 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 equities research analysts have also issued reports on BKD. Jefferies Group reiterated a “buy” rating and issued a $29.00 price target on shares of Brookdale Senior Living in a research note on Tuesday, August 9th. Wells Fargo & Co. reiterated a “buy” rating on shares of Brookdale Senior Living in a research note on Monday. JMP Securities cut 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 note on Wednesday, August 24th. Finally, TheStreet upgraded 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’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $23.83.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/10/zacks-investment-research-downgrades-brookdale-senior-living-inc-bkd-to-hold.html
Brookdale Senior Living (NYSE:BKD) traded up 0.31% on Monday, hitting $16.17. The stock had a trading volume of 1,722,816 shares. The company’s 50 day moving average price is $17.30 and its 200 day moving average price is $17.23. The firm’s market cap is $3.01 billion. Brookdale Senior Living has a 52-week low of $11.28 and a 52-week high of $23.92.
Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Monday, August 8th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.59 by $0.78. Brookdale Senior Living had a positive return on equity of 10.13% and a negative net margin of 6.54%. The business earned $1.26 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the previous year, the company posted ($0.46) EPS. The company’s quarterly revenue was up 1.7% on a year-over-year basis. Analysts expect that Brookdale Senior Living will post ($0.10) EPS for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Brookdale Senior Living by 3.6% in the second quarter. Vanguard Group Inc. now owns 13,109,046 shares of the company’s stock worth $202,404,000 after buying an additional 453,593 shares during the last quarter. Capital World Investors increased its position in shares of Brookdale Senior Living by 71.4% in the fourth quarter. Capital World Investors now owns 12,360,000 shares of the company’s stock worth $228,166,000 after buying an additional 5,147,000 shares during the last quarter. Cohen & Steers Inc. increased its position in shares of Brookdale Senior Living by 16.9% in the second quarter. Cohen & Steers Inc. now owns 6,173,115 shares of the company’s stock worth $95,313,000 after buying an additional 892,436 shares during the last quarter. New South Capital Management Inc. increased its position in shares of Brookdale Senior Living by 59.6% in the fourth quarter. New South Capital Management Inc. now owns 3,975,642 shares of the company’s stock worth $73,391,000 after buying an additional 1,484,335 shares during the last quarter. Finally, Kingstown Capital Management L.P. increased its position in shares of Brookdale Senior Living by 40.0% in the first quarter. Kingstown Capital Management L.P. now owns 3,500,000 shares of the company’s stock worth $55,580,000 after buying an additional 1,000,000 shares during the last quarter.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Brookdale Senior Living Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookdale Senior Living Inc. and related companies with MarketBeat.com's FREE daily email newsletter.