Brookdale Senior Living Inc. (BKD) Downgraded by Zacks Investment Research to Sell
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. “
BKD has been the subject of several other research reports. TheStreet upgraded Brookdale Senior Living from a “sell” rating to a “hold” rating in a research note on Thursday, September 22nd. Wells Fargo & Co. restated a “buy” rating on shares of Brookdale Senior Living in a research note on Monday, October 10th. Jefferies Group restated a “buy” rating and set a $29.00 target price on shares of Brookdale Senior Living in a research note on Tuesday, August 9th. Finally, JMP Securities decreased their target price 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. One analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average 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/2016/10/18/brookdale-senior-living-inc-bkd-downgraded-by-zacks-investment-research-to-sell.html
Brookdale Senior Living (NYSE:BKD) traded up 0.85% during midday trading on Tuesday, reaching $15.48. The company’s stock had a trading volume of 3,253,974 shares. Brookdale Senior Living has a 1-year low of $11.28 and a 1-year high of $23.92. The company’s market capitalization is $2.88 billion. The company’s 50-day moving average price is $16.99 and its 200-day moving average price is $17.24.
Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Monday, August 8th. The company reported ($0.19) earnings per share for the quarter, missing the 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 firm earned $1.26 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the company earned ($0.46) earnings per share. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, analysts predict that Brookdale Senior Living will post ($0.10) earnings per share for the current fiscal year.
Several hedge funds have recently made changes to their positions in BKD. IBM Retirement Fund increased its stake in shares of Brookdale Senior Living by 1.0% in the second quarter. IBM Retirement Fund now owns 18,599 shares of the company’s stock worth $287,000 after buying an additional 187 shares in the last quarter. Brant Point Investment Management LLC increased its position in Brookdale Senior Living by 1.2% in the second quarter. Brant Point Investment Management LLC now owns 42,700 shares of the company’s stock valued at $659,000 after buying an additional 500 shares during the period. Utah Retirement Systems increased its position in Brookdale Senior Living by 1.8% in the second quarter. Utah Retirement Systems now owns 33,542 shares of the company’s stock valued at $518,000 after buying an additional 600 shares during the period. Amalgamated Bank increased its position in Brookdale Senior Living by 3.5% in the second quarter. Amalgamated Bank now owns 22,260 shares of the company’s stock valued at $376,000 after buying an additional 749 shares during the period. Finally, First Washington CORP increased its position in Brookdale Senior Living by 0.4% in the second quarter. First Washington CORP now owns 275,750 shares of the company’s stock valued at $4,258,000 after buying an additional 1,200 shares during the period.
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.