Kindred Healthcare Inc. (KND) Trading 3.4% Higher
Kindred Healthcare Inc. (NYSE:KND)’s share price traded up 3.4% during mid-day trading on Monday . The stock traded as high as $10.74 and last traded at $10.72, with a volume of 182,812 shares traded. The stock had previously closed at $10.37.
Several equities analysts have recently issued reports on the company. Avondale Partners reaffirmed a “hold” rating on shares of Kindred Healthcare in a research report on Saturday, June 18th. Bank of America Corp. reiterated a “sell” rating and issued a $11.00 price objective on shares of Kindred Healthcare in a report on Friday, August 5th. Zacks Investment Research downgraded Kindred Healthcare from a “buy” rating to a “hold” rating in a report on Wednesday, July 27th. Finally, Mizuho lifted their price objective on Kindred Healthcare from $9.00 to $13.50 and gave the stock a “neutral” rating in a report on Thursday, May 5th. Two 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 has a consensus rating of “Hold” and a consensus price target of $13.57.
The stock has a market capitalization of $907.94 million and a price-to-earnings ratio of 13.76. The stock’s 50 day moving average price is $11.54 and its 200-day moving average price is $11.77.
Kindred Healthcare (NYSE:KND) last posted its earnings results on Friday, August 5th. The company reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.04. The firm earned $1.84 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter last year, the business posted $0.39 earnings per share. The company’s revenue for the quarter was up .5% on a year-over-year basis. Analysts anticipate that Kindred Healthcare Inc. will post $0.90 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 2nd. Shareholders of record on Thursday, August 18th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, August 16th. This represents a $0.48 annualized dividend and a yield of 4.51%.
In other Kindred Healthcare news, CAO John Joseph Lucchese sold 4,341 shares of the stock in a transaction on Wednesday, June 29th. The shares were sold at an average price of $11.39, for a total value of $49,443.99. Following the sale, the chief accounting officer now directly owns 34,130 shares in the company, valued at $388,740.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
An institutional investor recently raised its position in Kindred Healthcare stock. Wells Fargo & Company MN increased its stake in Kindred Healthcare Inc. (NYSE:KND) by 520.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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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