Brookdale Senior Living Inc. (BKD) Receives Consensus Rating of “Buy” from Brokerages
Shares of Brookdale Senior Living Inc. (NYSE:BKD) have been given a consensus recommendation of “Buy” by the eight analysts that are currently covering the firm. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $24.80.
Several research firms have weighed in on BKD. Zacks Investment Research cut Brookdale Senior Living from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. Jefferies Group reaffirmed a “buy” rating and set a $29.00 price objective on shares of Brookdale Senior Living in a research report on Tuesday, August 9th. JMP Securities cut their price objective on Brookdale Senior Living from $30.00 to $29.00 and set a “market outperform” rating on the stock in a research report on Wednesday, August 24th. TheStreet raised Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Thursday, September 22nd. Finally, Wells Fargo & Co. reaffirmed a “buy” rating on shares of Brookdale Senior Living in a research report on Monday, October 10th.
Several institutional investors have recently added to or reduced their stakes in the stock. IBM Retirement Fund raised its position in Brookdale Senior Living by 1.0% in the second quarter. IBM Retirement Fund now owns 18,599 shares of the company’s stock valued at $287,000 after buying an additional 187 shares during the last quarter. Brant Point Investment Management LLC raised its position in shares of 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 worth $659,000 after buying an additional 500 shares during the last quarter. Utah Retirement Systems raised its position in shares of Brookdale Senior Living by 1.8% in the second quarter. Utah Retirement Systems now owns 33,542 shares of the company’s stock worth $518,000 after buying an additional 600 shares during the last quarter. Amalgamated Bank raised its position in shares of Brookdale Senior Living by 3.5% in the second quarter. Amalgamated Bank now owns 22,260 shares of the company’s stock worth $376,000 after buying an additional 749 shares during the last quarter. Finally, First Washington CORP raised its position in shares of Brookdale Senior Living by 0.4% in the second quarter. First Washington CORP now owns 275,750 shares of the company’s stock worth $4,258,000 after buying an additional 1,200 shares during the last quarter.
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Shares of Brookdale Senior Living (NYSE:BKD) traded up 1.841% on Wednesday, hitting $15.765. The stock had a trading volume of 759,909 shares. The company has a 50-day moving average of $16.99 and a 200 day moving average of $17.24. Brookdale Senior Living has a 52 week low of $11.28 and a 52 week high of $23.92. The company’s market capitalization is $2.93 billion.
Brookdale Senior Living (NYSE:BKD) last posted its earnings results on Monday, August 8th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 positive return on equity of 10.13% and a negative net margin of 6.54%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.46) earnings per share. On average, equities research analysts predict that Brookdale Senior Living will post ($0.10) EPS for the current year.
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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