Brookdale Senior Living Inc. (BKD) Sees Strong Trading Volume
Brookdale Senior Living Inc. (NYSE:BKD) shares saw an uptick in trading volume on Monday . 3,398,515 shares were traded during trading, an increase of 4% from the previous session’s volume of 3,256,530 shares.The stock last traded at $17.41 and had previously closed at $16.93.
A number of brokerages have weighed in 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 for the company in a research report on Wednesday, June 1st. Jefferies Group reiterated a “buy” rating on shares of Brookdale Senior Living in a research report on Sunday, May 29th. Finally, Zacks Investment Research upgraded shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $25.50.
The firm’s 50-day moving average price is $16.90 and its 200 day moving average price is $16.56. The firm’s market capitalization is $3.22 billion.
Brookdale Senior Living (NYSE:BKD) last released its earnings results 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. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.23 billion. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.46) EPS. On average, equities analysts expect that Brookdale Senior Living Inc. will post $2.51 EPS for the current fiscal year.
A number of hedge funds and institutional investors have recently added to or reduced their stakes in the stock. Rail Splitter Capital Management LLC purchased a new position in Brookdale Senior Living during the fourth quarter worth about $8,175,000. Coe Capital Management LLC purchased a new position in Brookdale Senior Living during the fourth quarter worth about $3,640,000. State of New Jersey Common Pension Fund D purchased a new position in Brookdale Senior Living during the fourth quarter worth about $2,215,000. Bank of Montreal Can raised its position in 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, River Road Asset Management LLC purchased a new position in Brookdale Senior Living during the fourth quarter worth about $1,118,000.
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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