Brookdale Senior Living Inc. (BKD) Receives Average Recommendation of “Hold” from Analysts
Shares of Brookdale Senior Living Inc. (NYSE:BKD) have been assigned a consensus rating of “Hold” from the nine analysts that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a sell rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $16.60.
BKD has been the topic of several recent analyst reports. ValuEngine cut Brookdale Senior Living from a “hold” rating to a “sell” rating in a report on Sunday, September 3rd. Jefferies Group LLC reissued a “buy” rating and set a $16.50 target price on shares of Brookdale Senior Living in a report on Friday, July 14th. BidaskClub cut Brookdale Senior Living from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Zacks Investment Research raised Brookdale Senior Living from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Monday, July 3rd. Finally, Stifel Nicolaus dropped their target price on Brookdale Senior Living from $20.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, August 8th.
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Brookdale Senior Living (NYSE:BKD) traded down 2.85% during trading on Friday, reaching $10.90. The company had a trading volume of 5,059,783 shares. Brookdale Senior Living has a 52-week low of $10.65 and a 52-week high of $18.09. The company has a 50-day moving average of $12.04 and a 200-day moving average of $13.27. The firm’s market capitalization is $2.03 billion.
Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Monday, August 7th. The company reported ($0.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.79). Brookdale Senior Living had a positive return on equity of 6.00% and a negative net margin of 10.14%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the firm earned ($0.19) EPS. Brookdale Senior Living’s revenue for the quarter was down 5.7% on a year-over-year basis. Analysts expect that Brookdale Senior Living will post $1.80 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of BKD. Paulson & CO. Inc. bought a new position in shares of Brookdale Senior Living in the first quarter valued at $67,707,000. Wellington Management Group LLP increased its holdings in shares of Brookdale Senior Living by 125.2% in the first quarter. Wellington Management Group LLP now owns 5,241,746 shares of the company’s stock valued at $70,398,000 after buying an additional 2,914,451 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Brookdale Senior Living by 38.5% in the second quarter. Dimensional Fund Advisors LP now owns 9,887,660 shares of the company’s stock valued at $145,448,000 after buying an additional 2,751,084 shares in the last quarter. Macquarie Group Ltd. increased its holdings in shares of Brookdale Senior Living by 176.0% in the first quarter. Macquarie Group Ltd. now owns 2,649,529 shares of the company’s stock valued at $35,583,000 after buying an additional 1,689,610 shares in the last quarter. Finally, New South Capital Management Inc. increased its holdings in shares of Brookdale Senior Living by 26.4% in the first quarter. New South Capital Management Inc. now owns 6,205,928 shares of the company’s stock valued at $83,345,000 after buying an additional 1,298,098 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.
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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