Kindred Healthcare Inc. (KND) Rating Lowered to Underperform at BMO Capital Markets
Kindred Healthcare Inc. (NYSE:KND) was downgraded by stock analysts at BMO Capital Markets to an “underperform” rating in a report released on Thursday.
The analysts wrote, “Obamacare”
A number of other research analysts have also commented on the stock. Barclays PLC restated a “buy” rating and issued a $17.00 price objective on shares of Kindred Healthcare in a research note on Tuesday, November 8th. Zacks Investment Research lowered shares of Kindred Healthcare from a “hold” rating to a “sell” rating in a research note on Tuesday, August 9th. Stifel Nicolaus lowered shares of Kindred Healthcare from a “hold” rating to a “sell” rating and dropped their price objective for the company from $10.00 to $5.00 in a research note on Tuesday, November 8th. Bank of America Corp. restated a “sell” rating and issued a $11.00 price objective on shares of Kindred Healthcare in a research note on Friday, August 5th. Finally, Mizuho dropped their price objective on shares of Kindred Healthcare from $11.00 to $7.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 8th. Five research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Kindred Healthcare has an average rating of “Hold” and a consensus target price of $10.67.
Kindred Healthcare (NYSE:KND) opened at 6.55 on Thursday. The company’s 50 day moving average is $9.39 and its 200 day moving average is $11.09. Kindred Healthcare has a 52-week low of $5.65 and a 52-week high of $15.66. The firm’s market cap is $557.97 million.
Kindred Healthcare (NYSE:KND) last posted its quarterly earnings data on Monday, November 7th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by $0.01. The business earned $1.79 billion during the quarter, compared to analyst estimates of $1.77 billion. Kindred Healthcare had a negative net margin of 8.31% and a positive return on equity of 5.78%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 earnings per share. Equities research analysts forecast that Kindred Healthcare will post $0.79 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Monday, November 21st will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 7.33%. The ex-dividend date of this dividend is Thursday, November 17th. Kindred Healthcare’s dividend payout ratio is currently -6.90%.
A number of hedge funds have recently added to or reduced their stakes in KND. ProShare Advisors LLC increased its stake in Kindred Healthcare by 2.8% in the second quarter. ProShare Advisors LLC now owns 12,980 shares of the company’s stock worth $147,000 after buying an additional 350 shares in the last quarter. DIAM Co. Ltd. increased its stake in Kindred Healthcare by 0.8% in the third quarter. DIAM Co. Ltd. now owns 70,462 shares of the company’s stock worth $702,000 after buying an additional 551 shares in the last quarter. PineBridge Investments L.P. increased its stake in Kindred Healthcare by 5.5% in the second quarter. PineBridge Investments L.P. now owns 10,800 shares of the company’s stock worth $122,000 after buying an additional 560 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in Kindred Healthcare by 0.5% in the third quarter. Mutual of America Capital Management LLC now owns 117,547 shares of the company’s stock worth $1,201,000 after buying an additional 578 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in Kindred Healthcare by 1.6% in the second quarter. Louisiana State Employees Retirement System now owns 37,700 shares of the company’s stock worth $426,000 after buying an additional 600 shares in the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.
About Kindred Healthcare
Kindred Healthcare, Inc is a healthcare services company. The Company operates through four divisions, including the hospital division, the Kindred at Home division, the Kindred Rehabilitation Services division and the nursing center division. Its divisions represent over six segments, including hospitals, home health services, hospice services, Kindred Hospital Rehabilitation Services, RehabCare and nursing centers.
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