Brookdale Senior Living’s (BKD) “Buy” Rating Reaffirmed at Wells Fargo & Co.
Several other research analysts also recently commented on BKD. Zacks Investment Research raised shares of Brookdale Senior Living from a sell rating to a hold rating in a research note on Tuesday, August 9th. Jefferies Group reaffirmed a buy rating and issued a $29.00 target price on shares of Brookdale Senior Living in a research note on Tuesday, August 9th. JMP Securities reduced their price objective on shares of 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. Finally, TheStreet raised shares of Brookdale Senior Living from a sell rating to a hold rating in a research report on Thursday, September 22nd. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Brookdale Senior Living presently has an average rating of Buy and a consensus target price of $23.83.
Brookdale Senior Living (NYSE:BKD) opened at 15.46 on Monday. The company’s market capitalization is $2.87 billion. The company’s 50 day moving average is $17.13 and its 200-day moving average is $17.23. Brookdale Senior Living has a 52-week low of $11.28 and a 52-week high of $23.92.
Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Monday, August 8th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.59 by $0.78. Brookdale Senior Living had a positive return on equity of 10.13% and a negative net margin of 6.54%. The firm earned $1.26 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the firm earned ($0.46) earnings per share. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. Equities analysts anticipate that Brookdale Senior Living will post ($0.10) EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in BKD. Independent Portfolio Consultants Inc. acquired a new stake in Brookdale Senior Living during the second quarter worth $151,000. Janus Capital Management LLC acquired a new stake in Brookdale Senior Living during the second quarter worth $168,000. Cahill Financial Advisors Inc. acquired a new stake in Brookdale Senior Living during the second quarter worth $170,000. Quantitative Systematic Strategies LLC acquired a new stake in Brookdale Senior Living during the second quarter worth $180,000. Finally, Bank of Hawaii acquired a new stake in Brookdale Senior Living during the second quarter worth $187,000.
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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