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 analysts have also recently weighed in on BKD. Jefferies Group reiterated a buy rating and issued a $29.00 price target on shares of Brookdale Senior Living in a research report on Tuesday, August 9th. JMP Securities reduced their price target on Brookdale Senior Living from $30.00 to $29.00 and set a market outperform rating for the company in a research report on Wednesday, August 24th. Wells Fargo & Co. reiterated a buy rating on shares of Brookdale Senior Living in a research report on Monday. Finally, TheStreet upgraded Brookdale Senior Living from a sell rating to a hold rating in a research report on Thursday, September 22nd. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Brookdale Senior Living presently has a consensus rating of Buy and a consensus price target of $23.83.
Brookdale Senior Living (NYSE:BKD) opened at 15.46 on Monday. The firm has a 50-day moving average price of $17.13 and a 200-day moving average price of $17.23. The firm’s market cap is $2.87 billion. Brookdale Senior Living has a one year low of $11.28 and a one year high of $23.92.
Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings results on Monday, August 8th. The company reported ($0.19) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by $0.78. The company earned $1.26 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Brookdale Senior Living had a negative net margin of 6.54% and a positive return on equity of 10.13%. Brookdale Senior Living’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.46) earnings per share. On average, equities analysts expect that Brookdale Senior Living will post ($0.10) EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of BKD. Nisa Investment Advisors LLC acquired a new stake in Brookdale Senior Living during the third quarter valued at about $262,000. Independent Portfolio Consultants Inc. raised its stake in shares of Brookdale Senior Living by 15.8% in the third quarter. Independent Portfolio Consultants Inc. now owns 11,290 shares of the company’s stock valued at $197,000 after buying an additional 1,540 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Brookdale Senior Living by 29.0% in the third quarter. BNP Paribas Arbitrage SA now owns 55,632 shares of the company’s stock valued at $971,000 after buying an additional 12,508 shares during the period. Royal Bank of Canada raised its stake in shares of Brookdale Senior Living by 9.5% in the second quarter. Royal Bank of Canada now owns 773,541 shares of the company’s stock valued at $11,944,000 after buying an additional 66,922 shares during the period. Finally, Cohen & Steers Inc. raised its stake in shares of Brookdale Senior Living by 16.9% in the second quarter. Cohen & Steers Inc. now owns 6,173,115 shares of the company’s stock valued at $95,313,000 after buying an additional 892,436 shares during the period.
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.
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