Brookdale Senior Living Inc. (BKD) Receives “Buy” Rating from Wells Fargo & Co.
Brookdale Senior Living Inc. (NYSE:BKD)‘s stock had its “buy” rating reiterated by equities research analysts at Wells Fargo & Co. in a research report issued on Monday.
Other equities analysts also recently issued research reports about the stock. JMP Securities lowered their target price on shares of Brookdale Senior Living from $30.00 to $29.00 and set a “market outperform” rating on the stock in a report on Wednesday, August 24th. Jefferies Group reissued a “buy” rating on shares of Brookdale Senior Living in a report on Tuesday, September 6th. Zacks Investment Research raised shares of Brookdale Senior Living from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Tuesday, October 4th. Finally, TheStreet raised shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a report on Thursday, September 22nd. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $23.83.
Shares of Brookdale Senior Living (NYSE:BKD) opened at 16.12 on Monday. The firm has a 50-day moving average of $17.30 and a 200-day moving average of $17.23. Brookdale Senior Living has a one year low of $11.28 and a one year high of $23.92. The company’s market cap is $3.00 billion.
Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Monday, August 8th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $0.59 by $0.78. Brookdale Senior Living had a negative net margin of 6.54% and a positive return on equity of 10.13%. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the prior year, the firm earned ($0.46) EPS. Brookdale Senior Living’s revenue for the quarter was up 1.7% compared to the same quarter last year. Equities research analysts forecast that Brookdale Senior Living will post ($0.10) EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the stock. Independent Portfolio Consultants Inc. acquired a new stake in Brookdale Senior Living during the second quarter worth about $151,000. Janus Capital Management LLC acquired a new stake in Brookdale Senior Living during the second quarter worth about $168,000. Cahill Financial Advisors Inc. acquired a new stake in Brookdale Senior Living during the second quarter worth about $170,000. Quantitative Systematic Strategies LLC acquired a new stake in Brookdale Senior Living during the second quarter worth about $180,000. Finally, Bank of Hawaii acquired a new stake in Brookdale Senior Living during the second quarter worth about $187,000.
Brookdale Senior Living Company Profile
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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