Brookdale Senior Living Inc. (BKD) Cut to Sell at Zacks Investment Research
Brookdale Senior Living Inc. (NYSE:BKD) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.
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 recently issued reports on the stock. TheStreet raised shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Thursday, September 22nd. Jefferies Group set a $29.00 target price on shares of Brookdale Senior Living and gave the company a “buy” rating in a research report on Monday, September 19th. Wells Fargo & Co. reissued a “buy” rating on shares of Brookdale Senior Living in a research report on Monday, October 10th. Finally, JMP Securities reduced their target price on shares of 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Brookdale Senior Living presently has an average rating of “Buy” and a consensus price target of $23.83.
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Shares of Brookdale Senior Living (NYSE:BKD) traded up 0.85% during midday trading on Tuesday, reaching $15.48. 3,253,974 shares of the company’s stock were exchanged. Brookdale Senior Living has a 12 month low of $11.28 and a 12 month high of $23.92. The company’s 50 day moving average is $17.04 and its 200-day moving average is $17.25. The stock’s market cap is $2.88 billion.
Brookdale Senior Living (NYSE:BKD) last announced its 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. The business earned $1.26 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.46) EPS. Equities analysts forecast that Brookdale Senior Living will post ($0.10) EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp increased 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 valued at $39,503,000 after buying an additional 228,580 shares during the last quarter. Real Estate Management Services LLC acquired a new position in shares of Brookdale Senior Living during the second quarter valued at approximately $20,402,000. Wellington Management Group LLP increased 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 valued at $19,516,000 after buying an additional 27,266 shares during the last quarter. Chicago Equity Partners LLC increased 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 valued at $2,784,000 after buying an additional 105,310 shares during the last quarter. Finally, BlackRock Group LTD increased its position in shares of Brookdale Senior Living by 39.1% in the first quarter. BlackRock Group LTD now owns 168,935 shares of the company’s stock valued at $2,682,000 after buying an additional 47,462 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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