Brookdale Senior Living Inc. (BKD) Shares Up 2.9%
Brookdale Senior Living Inc. (NYSE:BKD)’s share price shot up 2.9% during trading on Friday . The stock traded as high as $18.17 and last traded at $18.06, with a volume of 3,065,364 shares changing hands. The stock had previously closed at $17.55.
Several equities analysts recently weighed in on BKD shares. Jefferies Group reiterated a “buy” rating and issued a $29.00 price target on shares of Brookdale Senior Living in a report on Tuesday, May 10th. Barclays PLC cut their price target 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, Zacks Investment Research upgraded shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a report on Tuesday, April 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $25.50.
The stock’s market cap is $3.36 billion. The company has a 50 day moving average price of $16.52 and a 200 day moving average price of $16.39.
Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings results on Monday, May 9th. The company reported $0.58 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.58. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Brookdale Senior Living’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned ($0.71) EPS. Equities analysts forecast that Brookdale Senior Living Inc. will post $2.47 earnings per share for the current fiscal year.
A number of hedge funds and institutional investors have made changes to their positions in the company. Trexquant Investment LP acquired a new position in shares of Brookdale Senior Living during the fourth quarter worth $1,105,000. BOKF NA raised its position in shares of Brookdale Senior Living by 94.2% in the fourth quarter. BOKF NA now owns 71,787 shares of the company’s stock worth $1,325,000 after buying an additional 34,821 shares in the last quarter. Deimos Asset Management LLC acquired a new position in shares of Brookdale Senior Living during the fourth quarter worth $1,486,000. State of New Jersey Common Pension Fund D acquired a new position in shares of Brookdale Senior Living during the fourth quarter worth $2,215,000. Finally, Bank of Montreal Can raised its position in shares of Brookdale Senior Living by 201.4% in the fourth quarter. Bank of Montreal Can now owns 125,357 shares of the company’s stock worth $2,314,000 after buying an additional 83,770 shares in the last quarter.
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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