Brookdale Senior Living Inc. (BKD) Sees Strong Trading Volume
Brookdale Senior Living Inc. (NYSE:BKD) shares saw unusually-strong trading volume on Monday . Approximately 3,398,515 shares were traded during mid-day 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.
Several equities research analysts recently issued reports on BKD shares. Jefferies Group reaffirmed a “buy” rating and issued a $29.00 price objective on shares of Brookdale Senior Living in a research note on Tuesday, May 10th. Barclays PLC reduced their price objective on shares of Brookdale Senior Living from $28.00 to $21.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 1st. Finally, Zacks Investment Research lowered shares of Brookdale Senior Living from a “hold” rating to a “sell” rating in a research note on Monday, July 18th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $25.50.
The company has a 50-day moving average of $16.97 and a 200 day moving average of $16.57. The stock’s market cap is $3.10 billion.
Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Monday, August 8th. The company reported ($0.19) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by $0.78. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.23 billion. The business’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.46) earnings per share. Analysts expect that Brookdale Senior Living Inc. will post $2.51 earnings per share for the current fiscal year.
Other large investors recently modified their holdings of the company. River Road Asset Management LLC bought a new stake in shares of Brookdale Senior Living during the fourth quarter valued at about $1,118,000. Coe Capital Management LLC bought a new stake in shares of Brookdale Senior Living during the fourth quarter valued at about $3,640,000. Rail Splitter Capital Management LLC bought a new stake in shares of Brookdale Senior Living during the fourth quarter valued at about $8,175,000. Trexquant Investment LP bought a new stake in shares of Brookdale Senior Living during the fourth quarter valued at about $1,105,000. Finally, State of New Jersey Common Pension Fund D bought a new stake in shares of Brookdale Senior Living during the fourth quarter valued at 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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