Brookdale Senior Living Inc. (NYSE:BKD) Stock Rating Lowered by Zacks Investment Research
Brookdale Senior Living Inc. (NYSE:BKD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released 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 research firms have also recently issued reports on BKD. ValuEngine cut Brookdale Senior Living from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Jefferies Group LLC reaffirmed a “buy” rating on shares of Brookdale Senior Living in a research report on Tuesday, May 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. Brookdale Senior Living currently has a consensus rating of “Hold” and an average price target of $18.86.
Brookdale Senior Living (NYSE:BKD) traded down 0.49% on Monday, reaching $14.30. 1,424,374 shares of the company traded hands. The stock’s market capitalization is $2.66 billion. The firm has a 50 day moving average price of $14.35 and a 200 day moving average price of $13.82. Brookdale Senior Living has a 52-week low of $10.65 and a 52-week high of $18.62.
Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings data on Monday, May 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.07. Brookdale Senior Living had a positive return on equity of 13.22% and a negative net margin of 9.77%. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period last year, the firm posted $0.58 earnings per share. The business’s revenue was down 3.7% on a year-over-year basis. Equities research analysts predict that Brookdale Senior Living will post $1.80 EPS for the current year.
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A number of hedge funds have recently added to or reduced their stakes in the company. State Street Corp boosted its stake in Brookdale Senior Living by 0.6% in the fourth quarter. State Street Corp now owns 2,482,241 shares of the company’s stock valued at $30,831,000 after buying an additional 15,095 shares during the last quarter. Camber Capital Management LLC boosted its stake in Brookdale Senior Living by 37.5% in the fourth quarter. Camber Capital Management LLC now owns 5,500,000 shares of the company’s stock valued at $68,310,000 after buying an additional 1,500,000 shares during the last quarter. Chartwell Investment Partners LLC purchased a new stake in Brookdale Senior Living during the first quarter valued at $1,458,000. Guggenheim Capital LLC boosted its stake in Brookdale Senior Living by 3.9% in the fourth quarter. Guggenheim Capital LLC now owns 14,274 shares of the company’s stock valued at $177,000 after buying an additional 530 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Brookdale Senior Living by 25.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,660,756 shares of the company’s stock valued at $57,888,000 after buying an additional 953,045 shares during the last quarter.
About Brookdale Senior Living
Brookdale Senior Living Inc operates senior living communities in the United States. The Company operates independent living, assisted living and dementia-care communities, and continuing care retirement centers (CCRCs). It operates through five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services and Management Services.
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