Jefferies Group LLC Reaffirms Buy Rating for Brookdale Senior Living Inc. (BKD)
Brookdale Senior Living Inc. (NYSE:BKD)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Group LLC in a note issued to investors on Monday. They currently have a $15.50 target price on the stock, down from their prior target price of $16.50. Jefferies Group LLC’s price objective points to a potential upside of 46.23% from the company’s previous close.
A number of other analysts have also recently commented on BKD. ValuEngine cut shares of Brookdale Senior Living from a “hold” rating to a “sell” rating in a research report on Sunday, September 3rd. BidaskClub lowered Brookdale Senior Living from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Zacks Investment Research lowered Brookdale Senior Living from a “hold” rating to a “strong sell” rating in a report on Thursday, August 10th. Finally, Stifel Nicolaus reduced their target price on Brookdale Senior Living from $20.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, August 8th. Five research analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $16.33.
Shares of Brookdale Senior Living (BKD) traded up 0.19% during midday trading on Monday, reaching $10.62. The company had a trading volume of 1,047,820 shares. Brookdale Senior Living has a 52-week low of $10.54 and a 52-week high of $17.70. The firm’s market cap is $1.97 billion. The company’s 50-day moving average is $12.04 and its 200-day moving average is $13.27.
Brookdale Senior Living (NYSE:BKD) last posted its earnings results on Monday, August 7th. The company reported ($0.23) earnings per share 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 analyst estimates of $1.14 billion. Brookdale Senior Living had a positive return on equity of 6.00% and a negative net margin of 10.14%. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.19) earnings per share. Equities research analysts expect that Brookdale Senior Living will post $1.80 EPS for the current fiscal year.
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A number of institutional investors and hedge funds have recently bought and sold shares of BKD. Swiss National Bank boosted its stake in Brookdale Senior Living by 2.0% in the 1st quarter. Swiss National Bank now owns 306,239 shares of the company’s stock worth $4,113,000 after purchasing an additional 5,900 shares during the period. UBS Asset Management Americas Inc. increased its holdings in Brookdale Senior Living by 19.1% during the 1st quarter. UBS Asset Management Americas Inc. now owns 146,754 shares of the company’s stock worth $1,971,000 after purchasing an additional 23,484 shares in the last quarter. Karp Capital Management Corp bought a new position in Brookdale Senior Living during the 1st quarter worth about $364,000. Parametric Portfolio Associates LLC increased its holdings in Brookdale Senior Living by 47.4% during the 1st quarter. Parametric Portfolio Associates LLC now owns 258,342 shares of the company’s stock worth $3,470,000 after purchasing an additional 83,072 shares in the last quarter. Finally, Stifel Financial Corp bought a new position in Brookdale Senior Living during the 1st quarter worth about $1,091,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.
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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