Brookdale Senior Living Inc. (BKD) Downgraded by Zacks Investment Research
Zacks Investment Research lowered shares of Brookdale Senior Living Inc. (NYSE:BKD) from a hold rating to a strong sell rating in a research report report published on Thursday morning.
According to Zacks, “Brookdale Senior Living Inc. is a leading owner and operator of senior living facilities throughout the United States. The Company is committed to providing an exceptional living experience through properties that are designed, purpose-built and operated to provide the highest-quality service, care and living accommodations for residents. The Company owns and operates independent, assisted and dementia-care facilities. “
Several other equities research analysts have also recently commented on BKD. Jefferies Group LLC restated a buy rating on shares of Brookdale Senior Living in a research note on Tuesday, May 2nd. ValuEngine cut Brookdale Senior Living from a buy rating to a hold rating in a research note on Friday, June 2nd. BidaskClub cut Brookdale Senior Living from a hold rating to a sell rating in a research note on Wednesday, July 19th. Finally, Stifel Nicolaus cut their target price on Brookdale Senior Living from $20.00 to $16.00 and set a buy rating on the stock in a research note on Tuesday, August 8th. Four equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. Brookdale Senior Living currently has an average rating of Hold and a consensus price target of $18.29.
Shares of Brookdale Senior Living (NYSE BKD) traded up 0.97% on Thursday, hitting $12.52. 1,560,942 shares of the company’s stock traded hands. The company’s market cap is $2.33 billion. Brookdale Senior Living has a 1-year low of $10.65 and a 1-year high of $18.34. The firm’s 50-day moving average price is $14.06 and its 200 day moving average price is $13.88.
Brookdale Senior Living (NYSE:BKD) last released 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. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.14 billion. Brookdale Senior Living had a negative net margin of 10.14% and a positive return on equity of 6.00%. The company’s revenue was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.19) EPS. On average, equities research analysts expect that Brookdale Senior Living will post $1.80 earnings per share for the current year.
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Large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Brookdale Senior Living by 4.5% in the first quarter. Vanguard Group Inc. now owns 15,387,106 shares of the company’s stock worth $206,649,000 after buying an additional 663,671 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake 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 worth $145,448,000 after buying an additional 2,751,084 shares in the last quarter. New South Capital Management Inc. boosted its stake 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 worth $83,345,000 after buying an additional 1,298,098 shares in the last quarter. Wellington Management Group LLP boosted its stake 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 worth $70,398,000 after buying an additional 2,914,451 shares in the last quarter. Finally, Paulson & CO. Inc. bought a new stake in shares of Brookdale Senior Living during the first quarter worth about $67,707,000.
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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