Wall Street brokerages forecast that Brookdale Senior Living, Inc. (NYSE:BKD) will report sales of $1.17 billion for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Brookdale Senior Living’s earnings. The lowest sales estimate is $1.16 billion and the highest is $1.18 billion. Brookdale Senior Living reported sales of $1.21 billion during the same quarter last year, which indicates a negative year over year growth rate of 3.3%. The business is scheduled to report its next earnings report on Monday, February 12th.
On average, analysts expect that Brookdale Senior Living will report full year sales of $1.17 billion for the current year, with estimates ranging from $4.74 billion to $4.76 billion. For the next year, analysts forecast that the company will report sales of $4.64 billion per share, with estimates ranging from $4.50 billion to $4.77 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Brookdale Senior Living.
A number of research firms recently commented on BKD. Zacks Investment Research upgraded Brookdale Senior Living from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Stifel Nicolaus dropped their price objective on Brookdale Senior Living from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday, November 7th. Stephens set a $16.00 price objective on Brookdale Senior Living and gave the stock a “buy” rating in a report on Monday, November 20th. Royal Bank of Canada dropped their price objective on Brookdale Senior Living from $16.00 to $13.00 and set an “outperform” rating on the stock in a report on Wednesday, November 8th. Finally, Jefferies Group set a $14.00 price objective on Brookdale Senior Living and gave the stock a “buy” rating in a report on Friday, October 20th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $14.60.
Institutional investors have recently made changes to their positions in the business. EP Wealth Advisors LLC bought a new stake in Brookdale Senior Living during the second quarter worth approximately $148,000. Merriman Wealth Management LLC bought a new stake in Brookdale Senior Living during the third quarter worth approximately $108,000. Dorsey & Whitney Trust CO LLC bought a new stake in Brookdale Senior Living during the third quarter worth approximately $122,000. State of Alaska Department of Revenue bought a new stake in Brookdale Senior Living during the fourth quarter worth approximately $148,000. Finally, Nine Chapters Capital Management LLC bought a new stake in Brookdale Senior Living during the third quarter worth approximately $171,000. 99.31% of the stock is owned by hedge funds and other institutional investors.
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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