Brookdale Senior Living (NYSE:BKD) has received an average recommendation of “Hold” from the eight brokerages that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $9.40.
Several brokerages have issued reports on BKD. JMP Securities decreased their price target on shares of Brookdale Senior Living from $16.00 to $9.00 and set a “buy” rating for the company in a research report on Friday. Zacks Investment Research upgraded shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Friday, April 6th. Stephens restated a “buy” rating and issued a $12.00 price target on shares of Brookdale Senior Living in a research report on Tuesday, March 6th. Stifel Nicolaus cut shares of Brookdale Senior Living from a “buy” rating to a “hold” rating and decreased their price target for the company from $14.00 to $9.00 in a research report on Thursday, February 22nd. Finally, Jefferies Group set a $9.00 price target on shares of Brookdale Senior Living and gave the company a “buy” rating in a research report on Friday, February 23rd.
In other news, Director Lee S. Wielansky acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was bought at an average cost of $6.90 per share, for a total transaction of $69,000.00. Following the completion of the transaction, the director now directly owns 44,619 shares in the company, valued at approximately $307,871.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lucinda M. Baier acquired 15,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were purchased at an average price of $6.94 per share, with a total value of $104,100.00. Following the completion of the transaction, the insider now owns 382,934 shares of the company’s stock, valued at $2,657,561.96. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 36,950 shares of company stock valued at $256,401. Corporate insiders own 1.50% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of BKD. Nationwide Fund Advisors increased its position in shares of Brookdale Senior Living by 268.9% during the third quarter. Nationwide Fund Advisors now owns 299,739 shares of the company’s stock worth $3,177,000 after buying an additional 218,490 shares during the period. Legal & General Group Plc increased its position in shares of Brookdale Senior Living by 5.1% during the third quarter. Legal & General Group Plc now owns 228,237 shares of the company’s stock worth $2,421,000 after buying an additional 10,997 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Brookdale Senior Living by 21.0% during the third quarter. Dimensional Fund Advisors LP now owns 11,968,001 shares of the company’s stock worth $126,862,000 after buying an additional 2,080,341 shares during the period. OxFORD Asset Management LLP acquired a new stake in shares of Brookdale Senior Living during the third quarter worth $711,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of Brookdale Senior Living during the third quarter worth $627,000. Institutional investors own 99.82% of the company’s stock.
BKD stock traded up $0.03 during trading on Thursday, reaching $6.74. 2,231,354 shares of the company were exchanged, compared to its average volume of 3,623,208. The stock has a market cap of $1,236.98, a price-to-earnings ratio of -8.64 and a beta of 1.78. Brookdale Senior Living has a twelve month low of $6.28 and a twelve month high of $15.66. The company has a debt-to-equity ratio of 2.97, a current ratio of 0.82 and a quick ratio of 0.82.
Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings data on Thursday, February 22nd. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($0.01). Brookdale Senior Living had a negative return on equity of 8.40% and a negative net margin of 12.04%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the company earned ($1.45) earnings per share. Brookdale Senior Living’s revenue for the quarter was down 3.5% compared to the same quarter last year. equities research analysts anticipate that Brookdale Senior Living will post -0.91 EPS for the current fiscal year.
About Brookdale Senior Living
Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Retirement Centers, Assisted Living, CCRCs ? Rental, Brookdale Ancillary Services, and Management Services. The Retirement Centers segment owns or leases communities comprising independent living and assisted living units in a single community that are primarily designed for middle to upper income senior citizens.
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