Brookdale Senior Living Inc. (NYSE:BKD) Downgraded by BidaskClub to Sell
Brookdale Senior Living Inc. (NYSE:BKD) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.
Other equities analysts have also recently issued reports about the company. Zacks Investment Research raised Brookdale Senior Living from a “sell” rating to a “hold” rating in a report on Thursday, May 11th. Jefferies Group LLC upgraded Brookdale Senior Living from a “hold” rating to a “buy” rating and increased their price target for the stock from $14.00 to $16.50 in a research report on Monday, March 27th. Finally, ValuEngine lowered Brookdale Senior Living from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $18.86.
Shares of Brookdale Senior Living (BKD) traded down 0.63% during midday trading on Wednesday, hitting $14.30. The company had a trading volume of 1,652,613 shares. The firm’s market cap is $2.66 billion. The company’s 50 day moving average is $14.51 and its 200 day moving average is $14.01. Brookdale Senior Living has a one year low of $10.65 and a one year high of $18.62.
Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings data on Monday, May 8th. The company reported ($0.05) earnings per share for the quarter, topping the 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 business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the previous year, the firm earned $0.58 EPS. The firm’s revenue was down 3.7% compared to the same quarter last year. Equities analysts forecast that Brookdale Senior Living will post $1.80 earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently made changes to their positions in BKD. CAPROCK Group Inc. bought a new position in shares of Brookdale Senior Living during the first quarter valued at about $322,000. Dalton Greiner Hartman Maher & Co. acquired a new stake in shares of Brookdale Senior Living during the first quarter valued at $20,383,000. Quotient Investors LLC acquired a new stake in shares of Brookdale Senior Living during the first quarter valued at $2,810,000. Parametrica Management Ltd acquired a new stake in shares of Brookdale Senior Living during the first quarter valued at $391,000. Finally, Macquarie Group Ltd. acquired a new stake in shares of Brookdale Senior Living during the fourth quarter valued at $11,922,000.
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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