Kindred Healthcare Inc. (NYSE:KND) shares dropped 2.8% during trading on Wednesday . The stock traded as low as $10.56 and last traded at $10.57, with a volume of 379,352 shares. The stock had previously closed at $10.87.

A number of research analysts have commented on the stock. Zacks Investment Research raised shares of Kindred Healthcare from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Wednesday, June 1st. Avondale Partners reissued a “hold” rating on shares of Kindred Healthcare in a research report on Saturday, June 18th. Mizuho cut their target price on shares of Kindred Healthcare from $13.50 to $11.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 6th. Finally, Bank of America Corp. reissued a “sell” rating and set a $11.00 target price on shares of Kindred Healthcare in a research report on Friday, August 5th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. Kindred Healthcare presently has a consensus rating of “Hold” and an average target price of $13.57.

The stock has a market cap of $887.48 million and a price-to-earnings ratio of 13.45. The firm’s 50 day moving average price is $11.58 and its 200-day moving average price is $11.76.

Kindred Healthcare (NYSE:KND) last posted its earnings results on Friday, August 5th. The company reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.04. The company earned $1.84 billion during the quarter, compared to analyst estimates of $1.85 billion. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.39 EPS. On average, equities analysts predict that Kindred Healthcare Inc. will post $0.90 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 2nd. Shareholders of record on Thursday, August 18th will be given a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, August 16th. This represents a $0.48 dividend on an annualized basis and a yield of 4.61%.

In other Kindred Healthcare news, CAO John Joseph Lucchese sold 4,341 shares of the company’s stock in a transaction dated Wednesday, June 29th. The shares were sold at an average price of $11.39, for a total value of $49,443.99. Following the transaction, the chief accounting officer now owns 34,130 shares of the company’s stock, valued at $388,740.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

A hedge fund recently raised its stake in Kindred Healthcare stock. Wells Fargo & Company MN raised its position in Kindred Healthcare Inc. (NYSE:KND) by 520.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 863,118 shares of the company’s stock after buying an additional 723,970 shares during the period. Wells Fargo & Company MN owned approximately 1.03% of Kindred Healthcare worth $10,280,000 at the end of the most recent reporting period.

Kindred Healthcare, Inc is a healthcare services company. The Company operates through four divisions, including the hospital division, the Kindred at Home division, the Kindred Rehabilitation Services division and the nursing center division. Its divisions represent over six segments, including hospitals, home health services, hospice services, Kindred Hospital Rehabilitation Services, RehabCare and nursing centers.

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