Brookdale Senior Living Inc. (BKD) Shares Down 2.6%
Brookdale Senior Living Inc. (NYSE:BKD)’s share price fell 2.6% during mid-day trading on Wednesday . The company traded as low as $16.57 and last traded at $16.67, with a volume of 1,967,738 shares trading hands. The stock had previously closed at $17.12.
A number of brokerages have recently issued reports on BKD. Zacks Investment Research upgraded shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. Jefferies Group reiterated a “buy” rating and issued a $29.00 price target on shares of Brookdale Senior Living in a report on Tuesday, August 9th. Finally, Barclays PLC cut their price target on shares of Brookdale Senior Living from $28.00 to $21.00 and set an “equal weight” rating for the company in a report on Wednesday, June 1st. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $25.50.
The firm’s market cap is $3.13 billion. The company’s 50 day moving average price is $17.02 and its 200 day moving average price is $16.57.
Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings data on Monday, August 8th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of $0.59 by $0.78. During the same period in the previous year, the company posted ($0.46) earnings per share. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Brookdale Senior Living’s revenue for the quarter was up 1.7% compared to the same quarter last year. Equities analysts anticipate that Brookdale Senior Living Inc. will post $2.51 earnings per share for the current year.
Other institutional investors have recently made changes to their positions in the company. Rail Splitter Capital Management LLC purchased a new position in shares of Brookdale Senior Living during the fourth quarter valued at about $8,175,000. Coe Capital Management LLC purchased a new position in shares of Brookdale Senior Living during the fourth quarter valued at about $3,640,000. State of New Jersey Common Pension Fund D purchased a new position in shares of Brookdale Senior Living during the fourth quarter valued at about $2,215,000. Bank of Montreal Can increased 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 valued at $2,314,000 after buying an additional 83,770 shares during the period. Finally, River Road Asset Management LLC purchased a new position in shares of Brookdale Senior Living during the fourth quarter valued at about $1,118,000.
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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