Kindred Healthcare Inc. (KND) Shares Down 4.4%
Kindred Healthcare Inc. (NYSE:KND) was down 4.4% during trading on Thursday . The company traded as low as $10.48 and last traded at $10.55, with a volume of 217,497 shares trading hands. The stock had previously closed at $11.04.
A number of equities research analysts have commented on KND shares. Avondale Partners lowered their target price on Kindred Healthcare from $17.00 to $14.00 and set a “market perform” rating on the stock in a report on Friday, June 17th. Mizuho lowered their target price on Kindred Healthcare from $13.50 to $11.00 and set a “neutral” rating on the stock in a report on Wednesday, July 6th. Zacks Investment Research upgraded Kindred Healthcare from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Wednesday, June 1st. Finally, Bank of America Corp. reiterated a “sell” rating and set a $11.00 target price on shares of Kindred Healthcare in a report on Friday, August 5th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. Kindred Healthcare currently has a consensus rating of “Hold” and a consensus price target of $13.57.
The stock has a market cap of $892.60 million and a price-to-earnings ratio of 13.53. The firm has a 50-day moving average of $11.43 and a 200 day moving average of $11.83.
Kindred Healthcare (NYSE:KND) last announced its earnings results on Friday, August 5th. The company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.04. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the previous year, the firm earned $0.39 EPS. Kindred Healthcare’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities research analysts predict that Kindred Healthcare Inc. will post $0.90 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 2nd. Investors of record on Thursday, August 18th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, August 16th. This represents a $0.48 annualized dividend and a yield of 4.58%.
In related news, CAO John Joseph Lucchese sold 4,341 shares of the business’s stock in a transaction that occurred on Wednesday, June 29th. The stock was sold at an average price of $11.39, for a total transaction of $49,443.99. Following the sale, the chief accounting officer now owns 34,130 shares of the company’s stock, valued at $388,740.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
An institutional investor recently raised its position in Kindred Healthcare stock. Wells Fargo & Company MN boosted its stake in Kindred Healthcare Inc. (NYSE:KND) by 520.3% during the fourth quarter, according to its most recent filing with the SEC. 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 about 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.