Brookdale Senior Living Inc. (BKD) Trading Up 2.6%
Brookdale Senior Living Inc. (NYSE:BKD)’s share price was up 2.6% on Monday . The stock traded as high as $17.35 and last traded at $17.28, with a volume of 2,413,830 shares changing hands. The stock had previously closed at $16.84.
Several equities analysts recently weighed in on BKD shares. JMP Securities lowered their target price on 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. Barclays PLC lowered their price objective on Brookdale Senior Living from $28.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 1st. Jefferies Group restated a “buy” rating and issued a $29.00 price objective on shares of Brookdale Senior Living in a research report on Tuesday, August 9th. Finally, Zacks Investment Research downgraded Brookdale Senior Living from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. Three investment 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. Brookdale Senior Living presently has a consensus rating of “Buy” and a consensus price target of $24.83.
The stock’s market cap is $3.21 billion. The stock has a 50 day moving average of $17.30 and a 200 day moving average of $16.62.
Brookdale Senior Living (NYSE:BKD) last released its earnings results on Monday, August 8th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by $0.78. During the same quarter last year, the firm posted ($0.46) earnings per share. The company earned $1.26 billion during 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 $2.52 EPS for the current fiscal year.
A hedge fund recently bought a new stake in Brookdale Senior Living stock. State of New Jersey Common Pension Fund D bought a new stake in shares of Brookdale Senior Living Inc. (NYSE:BKD) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 120,000 shares of the company’s stock, valued at approximately $2,215,000. State of New Jersey Common Pension Fund D owned 0.06% of Brookdale Senior Living at the end of the most recent reporting period.
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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