Brookdale Senior Living Inc. (BKD) Expected to Earn FY2016 Earnings of $2.51 Per Share
Brookdale Senior Living Inc. (NYSE:BKD) – Investment analysts at Jefferies Group decreased their FY2016 earnings per share estimates for shares of Brookdale Senior Living in a research note issued to investors on Monday. Jefferies Group analyst B. Tanquilut now anticipates that the brokerage will earn $2.51 per share for the year, down from their previous estimate of $2.54. Jefferies Group has a “Buy” rating and a $29.00 price target on the stock.
Brookdale Senior Living (NYSE:BKD) last posted 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. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.23 billion. Brookdale Senior Living had a negative net margin of 6.54% and a positive return on equity of 10.13%. Brookdale Senior Living’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.46) EPS.
Several other equities analysts have also commented on the company. JMP Securities lowered their price objective on Brookdale Senior Living from $30.00 to $29.00 and set a “market outperform” rating for the company in a research report on Wednesday, August 24th. Zacks Investment Research lowered Brookdale Senior Living from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. Finally, Barclays PLC lowered their price target on Brookdale Senior Living from $28.00 to $21.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 1st. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $24.83.
Shares of Brookdale Senior Living (NYSE:BKD) opened at 17.91 on Wednesday. The stock’s market capitalization is $3.33 billion. The firm’s 50-day moving average is $17.30 and its 200 day moving average is $17.09. Brookdale Senior Living has a 12-month low of $11.28 and a 12-month high of $25.48.
Large investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Brookdale Senior Living during the fourth quarter valued at approximately $19,622,000. Virginia Retirement System acquired a new stake in Brookdale Senior Living during the first quarter valued at approximately $1,215,000. TIAA CREF Investment Management LLC increased its stake in Brookdale Senior Living by 9.4% in the first quarter. TIAA CREF Investment Management LLC now owns 492,820 shares of the company’s stock valued at $7,826,000 after buying an additional 42,330 shares during the last quarter. Prudential Financial Inc. increased its stake in Brookdale Senior Living by 3,856.5% in the first quarter. Prudential Financial Inc. now owns 464,336 shares of the company’s stock valued at $7,374,000 after buying an additional 452,600 shares during the last quarter. Finally, BlackRock Inc. increased its stake in Brookdale Senior Living by 53.2% in the first quarter. BlackRock Inc. now owns 125,633 shares of the company’s stock valued at $1,995,000 after buying an additional 43,608 shares during the last quarter.
About Brookdale Senior Living
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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