ValuEngine downgraded shares of Brookdale Senior Living Inc. (NYSE:BKD) from a buy rating to a hold rating in a research report sent to investors on Monday, August 28th.
A number of other analysts also recently issued reports on BKD. Jefferies Group LLC reaffirmed a buy rating on shares of Brookdale Senior Living in a research note on Tuesday, May 2nd. Zacks Investment Research upgraded Brookdale Senior Living from a sell rating to a hold rating in a report on Thursday, May 11th. BidaskClub cut Brookdale Senior Living from a hold rating to a sell rating in a report on Wednesday, July 19th. Finally, Stifel Nicolaus dropped their price objective on Brookdale Senior Living from $20.00 to $16.00 and set a buy rating for the company in a report on Tuesday, August 8th. Five equities research analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. Brookdale Senior Living presently has a consensus rating of Hold and an average price target of $16.50.
Brookdale Senior Living (NYSE BKD) traded down 1.28% on Monday, hitting $11.55. 1,978,254 shares of the stock traded hands. Brookdale Senior Living has a 1-year low of $10.65 and a 1-year high of $18.34. The company’s market cap is $2.15 billion. The stock has a 50-day moving average price of $12.23 and a 200 day moving average price of $13.32.
Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Monday, August 7th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.79). Brookdale Senior Living had a negative net margin of 10.14% and a positive return on equity of 6.00%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the business posted ($0.19) EPS. The firm’s revenue for the quarter was down 5.7% compared to the same quarter last year. On average, analysts anticipate that Brookdale Senior Living will post $1.80 EPS for the current fiscal year.
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A number of large investors have recently made changes to their positions in the stock. EP Wealth Advisors LLC acquired a new position in Brookdale Senior Living during the 2nd quarter valued at about $148,000. Dynamic Technology Lab Private Ltd increased its position in Brookdale Senior Living by 43.2% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 18,616 shares of the company’s stock valued at $273,000 after buying an additional 5,618 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in Brookdale Senior Living by 0.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 568,461 shares of the company’s stock valued at $8,362,000 after buying an additional 3,662 shares in the last quarter. Nomura Holdings Inc. acquired a new position in Brookdale Senior Living during the 2nd quarter valued at about $432,000. Finally, Princeton Portfolio Strategies Group LLC increased its position in Brookdale Senior Living by 3.7% during the 2nd quarter. Princeton Portfolio Strategies Group LLC now owns 81,030 shares of the company’s stock valued at $1,192,000 after buying an additional 2,894 shares in the last quarter. 99.66% of the stock is currently owned by institutional investors.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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