Brookdale Senior Living, Inc. (BKD) Announces Quarterly Earnings Results
Brookdale Senior Living, Inc. (NYSE:BKD) released its quarterly earnings data on Monday. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.07. Brookdale Senior Living had a positive return on equity of 17.00% and a negative net margin of 8.13%. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same period last year, the firm posted $0.58 earnings per share. Brookdale Senior Living’s revenue was down 3.7% compared to the same quarter last year.
Shares of Brookdale Senior Living (NYSE:BKD) traded up 1.477% during mid-day trading on Friday, reaching $14.085. The company had a trading volume of 204,032 shares. The stock has a 50 day moving average of $13.28 and a 200-day moving average of $13.36. The company’s market capitalization is $2.62 billion. Brookdale Senior Living has a 52 week low of $10.65 and a 52 week high of $18.94.
BKD has been the topic of several research reports. Jefferies Group LLC reissued a “hold” rating and issued a $14.00 target price on shares of Brookdale Senior Living in a research report on Tuesday, February 14th. Zacks Investment Research raised Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $19.00 target price on shares of Brookdale Senior Living in a research report on Wednesday, February 15th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $19.50.
A number of large investors have recently bought and sold shares of BKD. State Street Corp raised its stake in Brookdale Senior Living by 0.6% in the fourth quarter. State Street Corp now owns 2,482,241 shares of the company’s stock worth $30,831,000 after buying an additional 15,095 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in Brookdale Senior Living by 19.4% in the third quarter. TIAA CREF Investment Management LLC now owns 574,708 shares of the company’s stock worth $10,029,000 after buying an additional 93,517 shares during the last quarter. Camber Capital Management LLC raised its stake in Brookdale Senior Living by 37.5% in the fourth quarter. Camber Capital Management LLC now owns 5,500,000 shares of the company’s stock worth $68,310,000 after buying an additional 1,500,000 shares during the last quarter. New York State Common Retirement Fund raised its stake in Brookdale Senior Living by 22.6% in the third quarter. New York State Common Retirement Fund now owns 535,720 shares of the company’s stock worth $9,348,000 after buying an additional 98,620 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in Brookdale Senior Living during the fourth quarter worth about $4,641,000.
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About Brookdale Senior Living
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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