Brookdale Senior Living Inc. (BKD) Sees Unusually-High Trading Volume
Shares of Brookdale Senior Living Inc. (NYSE:BKD) saw unusually-high trading volume on Wednesday . Approximately 3,247,273 shares changed hands during trading, an increase of 28% from the previous session’s volume of 2,544,485 shares.The stock last traded at $17.50 and had previously closed at $17.72.
BKD has been the subject of several recent research reports. Barclays PLC decreased their target price on shares of 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. Jefferies Group reissued a “buy” rating and set a $29.00 target price on shares of Brookdale Senior Living in a research report on Tuesday, May 10th. Finally, Zacks Investment Research raised shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Tuesday, April 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Brookdale Senior Living has a consensus rating of “Buy” and a consensus price target of $25.50.
The stock has a 50 day moving average price of $16.64 and a 200 day moving average price of $16.45. The stock’s market capitalization is $3.19 billion.
Brookdale Senior Living (NYSE:BKD) last posted its 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 earned $1.26 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the prior year, the business posted ($0.71) earnings per share. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, analysts predict that Brookdale Senior Living Inc. will post $2.47 earnings per share for the current fiscal year.
Several large investors recently bought and sold shares of the company. Trexquant Investment LP bought a new stake in Brookdale Senior Living during the fourth quarter valued at approximately $1,105,000. BOKF NA boosted its stake in Brookdale Senior Living by 94.2% in the fourth quarter. BOKF NA now owns 71,787 shares of the company’s stock valued at $1,325,000 after buying an additional 34,821 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new stake in Brookdale Senior Living during the fourth quarter valued at approximately $2,215,000. Bank of Montreal Can boosted its stake in Brookdale Senior Living by 201.4% in the fourth quarter. Bank of Montreal Can now owns 125,357 shares of the company’s stock valued at $2,314,000 after buying an additional 83,770 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in Brookdale Senior Living by 1.6% in the fourth quarter. Rhumbline Advisers now owns 130,364 shares of the company’s stock valued at $2,407,000 after buying an additional 2,090 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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