Brookdale Senior Living Inc. (BKD) Trading 2.2% Higher
Shares of Brookdale Senior Living Inc. (NYSE:BKD) traded up 2.2% during mid-day trading on Thursday . The company traded as high as $15.81 and last traded at $15.49, with a volume of 1,225,432 shares. The stock had previously closed at $15.15.
A number of analysts recently issued reports on the stock. Jefferies Group reissued a “buy” rating on shares of Brookdale Senior Living in a report on Sunday, May 29th. Zacks Investment Research raised shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a report on Tuesday, April 12th. Finally, Barclays PLC lowered 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 report on Wednesday, June 1st. Four investment 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 stock. The stock has a consensus rating of “Buy” and a consensus price target of $25.50.
The stock’s 50-day moving average is $16.77 and its 200-day moving average is $16.46. The company’s market cap is $3.06 billion.
Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Monday, May 9th. The company reported $0.58 EPS for the quarter, meeting analysts’ consensus estimates of $0.58. The business earned $1.26 billion during the quarter, compared to analyst estimates of $1.25 billion. The business’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.71) earnings per share. On average, analysts predict that Brookdale Senior Living Inc. will post $2.47 EPS for the current year.
Other institutional investors have made changes to their positions in the company. New South Capital Management Inc. boosted its position in shares of Brookdale Senior Living by 59.6% in the fourth quarter. New South Capital Management Inc. now owns 3,975,642 shares of the company’s stock worth $73,391,000 after buying an additional 1,484,335 shares during the last quarter. First Trust Advisors LP boosted its position in shares of 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 worth $23,756,000 after buying an additional 786,726 shares during the last quarter. Nationwide Fund Advisors acquired a new position in shares of Brookdale Senior Living during the fourth quarter worth approximately $10,505,000. Russell Frank Co boosted its position in shares of Brookdale Senior Living by 652.2% in the fourth quarter. Russell Frank Co now owns 551,948 shares of the company’s stock worth $10,157,000 after buying an additional 478,568 shares during the last quarter. Finally, Rail Splitter Capital Management LLC acquired a new position in shares of Brookdale Senior Living during the fourth quarter worth approximately $8,175,000.
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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