Brookdale Senior Living Inc. (BKD) Trading 3.6% Higher
Brookdale Senior Living Inc. (NYSE:BKD) shares traded up 3.6% during mid-day trading on Monday . The company traded as high as $17.62 and last traded at $17.60, with a volume of 2,103,200 shares changing hands. The stock had previously closed at $16.99.
A number of brokerages have recently commented on BKD. Jefferies Group restated a “buy” rating on shares of Brookdale Senior Living in a report on Sunday, May 29th. Zacks Investment Research upgraded shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. Barclays PLC dropped their target price on shares of Brookdale Senior Living from $28.00 to $21.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 1st. Finally, JMP Securities dropped their target price on shares of Brookdale Senior Living from $30.00 to $29.00 and set a “market outperform” rating on the stock in a report on Wednesday, August 24th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Brookdale Senior Living currently has an average rating of “Buy” and an average price target of $24.83.
The stock’s market cap is $3.27 billion. The stock has a 50-day moving average price of $17.37 and a 200 day moving average price of $16.76.
Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Monday, August 8th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by $0.78. During the same period in the previous year, the company posted ($0.46) EPS. The company earned $1.26 billion during the quarter, compared to the consensus estimate of $1.23 billion. The firm’s revenue was up 1.7% compared to the same quarter last year. On average, equities analysts expect that Brookdale Senior Living Inc. will post $2.52 earnings per share for the current year.
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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