Brookdale Senior Living Inc. (NYSE:BKD) Receives “Buy” Rating from Jefferies Group LLC
Brookdale Senior Living Inc. (NYSE:BKD)‘s stock had its “buy” rating reiterated by stock analysts at Jefferies Group LLC in a report issued on Friday. They currently have a $16.50 target price on the stock. Jefferies Group LLC’s price objective suggests a potential upside of 14.58% from the company’s previous close.
A number of other equities research analysts also recently commented on BKD. Zacks Investment Research raised shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th. ValuEngine downgraded shares of Brookdale Senior Living from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. Brookdale Senior Living currently has a consensus rating of “Hold” and an average price target of $18.86.
Shares of Brookdale Senior Living (BKD) traded down 1.10% during trading on Friday, reaching $14.40. 892,712 shares of the company traded hands. The firm’s 50 day moving average price is $14.35 and its 200-day moving average price is $13.82. Brookdale Senior Living has a 52 week low of $10.65 and a 52 week high of $18.62. The company’s market capitalization is $2.68 billion.
Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings data on Monday, May 8th. The company reported ($0.05) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.07. Brookdale Senior Living had a negative net margin of 9.77% and a positive return on equity of 13.22%. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the firm posted $0.58 EPS. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. Equities analysts anticipate that Brookdale Senior Living will post $1.80 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Guggenheim Capital LLC increased its position in Brookdale Senior Living by 3.9% in the fourth quarter. Guggenheim Capital LLC now owns 14,274 shares of the company’s stock worth $177,000 after buying an additional 530 shares during the period. Amalgamated Bank increased its position in Brookdale Senior Living by 3.4% in the first quarter. Amalgamated Bank now owns 26,468 shares of the company’s stock worth $355,000 after buying an additional 869 shares during the period. Stratos Wealth Partners LTD. increased its position in Brookdale Senior Living by 35.2% in the first quarter. Stratos Wealth Partners LTD. now owns 16,061 shares of the company’s stock worth $216,000 after buying an additional 4,182 shares during the period. Janus Capital Management LLC increased its position in Brookdale Senior Living by 48.4% in the fourth quarter. Janus Capital Management LLC now owns 17,818 shares of the company’s stock worth $222,000 after buying an additional 5,815 shares during the period. Finally, Swiss National Bank increased its position in Brookdale Senior Living by 2.0% in the first quarter. Swiss National Bank now owns 306,239 shares of the company’s stock worth $4,113,000 after buying an additional 5,900 shares during the period.
Brookdale Senior Living Company Profile
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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