Brookdale Senior Living Inc. (NYSE:BKD) Downgraded by BidaskClub to Strong Sell
Brookdale Senior Living Inc. (NYSE:BKD) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Saturday.
BKD has been the subject of a number of other reports. Zacks Investment Research downgraded Brookdale Senior Living from a “hold” rating to a “strong sell” rating in a report on Thursday. ValuEngine downgraded Brookdale Senior Living from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $16.50 price target on shares of Brookdale Senior Living in a report on Friday, July 14th. Finally, Stifel Nicolaus decreased their price target on Brookdale Senior Living from $20.00 to $16.00 and set a “buy” rating for the company in a report on Tuesday. Four equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $18.29.
Shares of Brookdale Senior Living (BKD) opened at 12.52 on Friday. The stock’s market capitalization is $2.33 billion. The firm has a 50-day moving average price of $14.06 and a 200-day moving average price of $13.88. Brookdale Senior Living has a 1-year low of $10.65 and a 1-year high of $18.34.
Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings results on Monday, August 7th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.79. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Brookdale Senior Living had a positive return on equity of 6.00% and a negative net margin of 10.14%. The firm’s quarterly revenue was down 5.7% on a year-over-year basis. During the same period last year, the firm earned ($0.19) earnings per share. On average, equities research analysts forecast that Brookdale Senior Living will post $1.80 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of the stock. Harvest Fund Management Co. Ltd bought a new position in shares of Brookdale Senior Living during the second quarter valued at about $101,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Brookdale Senior Living by 12.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,943 shares of the company’s stock valued at $102,000 after buying an additional 761 shares during the period. Opera Trading Capital bought a new position in shares of Brookdale Senior Living during the second quarter valued at about $110,000. Terra Nova Asset Management LLC bought a new position in shares of Brookdale Senior Living during the first quarter valued at about $134,000. Finally, Quantitative Systematic Strategies LLC bought a new position in shares of Brookdale Senior Living during the second quarter valued at about $169,000.
Brookdale Senior Living Company Profile
Brookdale Senior Living Inc operates senior living communities in the United States. The Company operates independent living, assisted living and dementia-care communities, and continuing care retirement centers (CCRCs). It operates through five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services and Management Services.
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