Brookdale Senior Living Inc. (NYSE:BKD) was downgraded by research analysts at Jefferies Group from a “buy” rating to a “hold” rating in a research note issued to investors on Friday. They presently have a $14.00 price target on the stock, down from their prior price target of $29.00. Jefferies Group’s target price suggests a potential upside of 13.27% from the company’s previous close.

A number of other research firms have also issued reports on BKD. Zacks Investment Research raised shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Wells Fargo & Co. lowered shares of Brookdale Senior Living from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 2nd. RBC Capital Markets lowered shares of Brookdale Senior Living from a “top pick” rating to an “outperform” rating and reduced their target price for the company from $25.00 to $16.00 in a research note on Wednesday, November 2nd. TheStreet lowered shares of Brookdale Senior Living from a “hold” rating to a “sell” rating in a research note on Tuesday, November 1st. Finally, Royal Bank Of Canada lowered shares of Brookdale Senior Living from a “top pick” rating to an “outperform” rating and reduced their target price for the company from $25.00 to $16.00 in a research note on Wednesday, November 2nd. Three analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $18.38.

Analyst Recommendations for Brookdale Senior Living (NYSE:BKD)

Shares of Brookdale Senior Living (NYSE:BKD) opened at 12.36 on Friday. The firm’s market capitalization is $2.30 billion. The stock has a 50 day moving average of $15.17 and a 200 day moving average of $16.76. Brookdale Senior Living has a 52-week low of $10.65 and a 52-week high of $23.92.

In other Brookdale Senior Living news, Director Frank M. Bumstead bought 15,000 shares of the company’s stock in a transaction that occurred on Friday, November 4th. The shares were acquired at an average cost of $12.03 per share, for a total transaction of $180,450.00. Following the acquisition, the director now directly owns 121,229 shares of the company’s stock, valued at $1,458,384.87. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the company. Real Estate Management Services LLC acquired a new stake in Brookdale Senior Living during the second quarter worth approximately $20,402,000. Monarch Partners Asset Management LLC acquired a new stake in Brookdale Senior Living during the second quarter worth approximately $2,163,000. Bank of Montreal Can acquired a new stake in Brookdale Senior Living during the second quarter worth approximately $2,591,000. IBM Retirement Fund increased its stake in Brookdale Senior Living by 1.0% in the second quarter. IBM Retirement Fund now owns 18,599 shares of the company’s stock worth $287,000 after buying an additional 187 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in Brookdale Senior Living during the second quarter worth approximately $380,000.

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.

5 Day Chart for NYSE:BKD

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