Shares of Brookdale Senior Living Inc. (NYSE:BKD) rose 2.6% on Monday . The stock traded as high as $17.35 and last traded at $17.28, with a volume of 2,413,830 shares trading hands. The stock had previously closed at $16.84.

BKD has been the subject of several research analyst reports. Jefferies Group reiterated a “buy” rating and issued a $29.00 price objective on shares of Brookdale Senior Living in a research note on Tuesday, May 10th. 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. JMP Securities lowered their price objective on shares of Brookdale Senior Living from $30.00 to $29.00 and set a “market outperform” rating for the company in a research note on Wednesday, August 24th. Finally, Barclays PLC lowered 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. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $24.83.

The company’s 50 day moving average price is $17.34 and its 200 day moving average price is $16.75. The firm’s market capitalization is $3.21 billion.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Monday, August 8th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of $0.59 by $0.78. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.23 billion. Brookdale Senior Living’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.46) EPS. Equities research analysts forecast that Brookdale Senior Living Inc. will post $2.52 earnings per share for the current fiscal year.

An institutional investor recently bought a new position in Brookdale Senior Living stock. State of New Jersey Common Pension Fund D acquired a new position in shares of Brookdale Senior Living Inc. (NYSE:BKD) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 120,000 shares of the company’s stock, valued at approximately $2,215,000. State of New Jersey Common Pension Fund D owned about 0.06% of Brookdale Senior Living at the end of the most recent reporting period.

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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