Brookdale Senior Living Inc. (BKD) Shares Up 2.2%
Brookdale Senior Living Inc. (NYSE:BKD)’s share price shot up 2.2% during trading on Thursday . The stock traded as high as $15.81 and last traded at $15.49, with a volume of 1,225,432 shares trading hands. The stock had previously closed at $15.15.
Several brokerages have commented on BKD. Barclays PLC dropped their price target on shares of Brookdale Senior Living from $28.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 1st. Jefferies Group reissued a “buy” rating on shares of Brookdale Senior Living in a report on Sunday, May 29th. Finally, Zacks Investment Research raised Brookdale Senior Living from a “sell” rating to a “hold” rating in a report on Tuesday, April 12th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $25.50.
The company’s market capitalization is $2.88 billion. The firm has a 50 day moving average of $16.87 and a 200 day moving average of $16.48.
Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings results on Monday, May 9th. The company reported $0.58 EPS for the quarter, hitting the consensus estimate of $0.58. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the firm posted ($0.71) earnings per share. The business’s revenue was up 1.2% on a year-over-year basis. On average, analysts anticipate that Brookdale Senior Living Inc. will post $2.47 EPS for the current year.
A number of large investors have bought and sold shares of the company. Russell Frank Co increased its stake in Brookdale Senior Living by 652.2% in the fourth quarter. Russell Frank Co now owns 551,948 shares of the company’s stock valued at $10,157,000 after buying an additional 478,568 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in Brookdale Senior Living by 0.5% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 197,574 shares of the company’s stock valued at $3,647,000 after buying an additional 1,010 shares in the last quarter. Nationwide Fund Advisors acquired a new stake in Brookdale Senior Living during the fourth quarter valued at about $10,505,000. First Trust Advisors LP increased its stake in Brookdale Senior Living by 157.3% in the fourth quarter. First Trust Advisors LP now owns 1,286,913 shares of the company’s stock valued at $23,756,000 after buying an additional 786,726 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in Brookdale Senior Living by 1.6% in the fourth quarter. Rhumbline Advisers now owns 130,364 shares of the company’s stock valued at $2,407,000 after buying an additional 2,090 shares in the last quarter.
Brookdale Senior Living Inc operates senior living communities in the United States. The Company operates independent, assisted living and dementia-care communities, and continuing care retirement centers (CCRCs). The Company has five operating segments: Retirement Centers; Assisted Living; CCRCs – Rental; Brookdale Ancillary Services, and Management Services.
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