Brookdale Senior Living Inc. (BKD) PT Set at $29.00 by Jefferies Group
Brookdale Senior Living Inc. (NYSE:BKD) has been assigned a $29.00 price target by stock analysts at Jefferies Group in a report released on Monday. The firm presently has a a “buy” rating on the stock. Jefferies Group’s price objective suggests a potential upside of 64.03% from the company’s current price.
Several other brokerages have also recently weighed in on BKD. Barclays PLC decreased their price target on Brookdale Senior Living from $28.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 1st. Zacks Investment Research upgraded Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. Finally, JMP Securities decreased their price target on Brookdale Senior Living from $30.00 to $29.00 and set a “market outperform” rating on the stock in a research report on Wednesday, August 24th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $24.83.
Brookdale Senior Living (NYSE:BKD) opened at 17.68 on Monday. The stock has a 50 day moving average of $17.27 and a 200-day moving average of $17.08. Brookdale Senior Living has a 12 month low of $11.28 and a 12 month high of $26.48. The firm’s market cap is $3.29 billion.
Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings results on Monday, August 8th. The company reported ($0.19) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by $0.78. Brookdale Senior Living had a negative net margin of 6.54% and a positive return on equity of 10.13%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the company earned ($0.46) earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. Equities research analysts predict that Brookdale Senior Living will post ($0.10) earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of BKD. Independent Portfolio Consultants Inc. bought a new position in Brookdale Senior Living during the second quarter valued at $151,000. Janus Capital Management LLC acquired a new position in shares of Brookdale Senior Living during the second quarter worth approximately $168,000. Cahill Financial Advisors Inc. acquired a new position in shares of Brookdale Senior Living during the second quarter worth approximately $170,000. Quantitative Systematic Strategies LLC acquired a new position in shares of Brookdale Senior Living during the second quarter worth approximately $180,000. Finally, Bank of Hawaii acquired a new position in shares of Brookdale Senior Living during the second quarter worth approximately $187,000.
Brookdale Senior Living Company Profile
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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