Brookdale Senior Living Inc. (BKD) Shares Up 4.1%
Brookdale Senior Living Inc. (NYSE:BKD) shot up 4.1% on Tuesday . The company traded as high as $18.46 and last traded at $18.09, with a volume of 4,262,217 shares traded. The stock had previously closed at $17.37.
A number of brokerages recently weighed in on BKD. Jefferies Group restated a “buy” rating on shares of Brookdale Senior Living in a research report on Sunday, May 29th. Zacks Investment Research lowered Brookdale Senior Living from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. Finally, Barclays PLC reduced their price objective on Brookdale Senior Living from $28.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $25.50.
The firm’s market cap is $3.32 billion. The stock’s 50-day moving average price is $16.73 and its 200 day moving average price is $16.50.
Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings data on Monday, August 8th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.59 by $0.78. During the same quarter in the previous year, the business earned ($0.46) EPS. The company earned $1.26 billion during the quarter, compared to the consensus estimate of $1.23 billion. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, analysts predict that Brookdale Senior Living Inc. will post $2.47 earnings per share for the current fiscal year.
Several large investors have modified their holdings of the company. Rhumbline Advisers increased its stake in shares of Brookdale Senior Living by 1.6% in the fourth quarter. Rhumbline Advisers now owns 130,364 shares of the company’s stock worth $2,407,000 after buying an additional 2,090 shares during the period. Alpine Woods Capital Investors LLC increased its stake in shares of Brookdale Senior Living by 25.0% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 250,000 shares of the company’s stock worth $4,615,000 after buying an additional 50,000 shares during the period. Trexquant Investment LP acquired a new stake in shares of Brookdale Senior Living during the fourth quarter worth about $1,105,000. Bank of Montreal Can increased its stake in shares of Brookdale Senior Living by 201.4% in the fourth quarter. Bank of Montreal Can now owns 125,357 shares of the company’s stock worth $2,314,000 after buying an additional 83,770 shares during the period. Finally, State of New Jersey Common Pension Fund D acquired a new stake in shares of Brookdale Senior Living during the fourth quarter worth about $2,215,000.
Brookdale Senior Living Inc is engaged in the operation of senior living communities in the United States. The Company has five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services, and Management Services. Its Retirement Centers segment includes owned or leased communities that are designed for middle to upper income seniors.
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