Brookdale Senior Living, Inc. (BKD) Given Consensus Rating of “Hold” by Brokerages

Brookdale Senior Living, Inc. (NYSE:BKD) has earned an average rating of “Hold” from the nine research firms that are covering the company. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $19.57.

Several brokerages have recently issued reports on BKD. Stifel Nicolaus upgraded Brookdale Senior Living from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Thursday, January 12th. Wells Fargo & Co upgraded Brookdale Senior Living from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $15.00 to $19.50 in a research note on Thursday, January 12th. Zacks Investment Research upgraded Brookdale Senior Living from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 11th. Royal Bank of Canada reiterated a “buy” rating and issued a $19.00 price target on shares of Brookdale Senior Living in a research note on Wednesday, February 15th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $14.00 price target on shares of Brookdale Senior Living in a research note on Tuesday, February 14th.

TRADEMARK VIOLATION NOTICE: “Brookdale Senior Living, Inc. (BKD) Given Consensus Rating of “Hold” by Brokerages” was published by Markets Daily and is the property of of Markets Daily. If you are accessing this report on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this report can be accessed at https://www.themarketsdaily.com/2017/04/21/brokerages-set-brookdale-senior-living-inc-bkd-pt-at-19-57-updated.html.

Shares of Brookdale Senior Living (NYSE:BKD) traded down 0.91% during mid-day trading on Friday, reaching $13.01. 1,840,058 shares of the company’s stock traded hands. The company’s market capitalization is $2.41 billion. Brookdale Senior Living has a 1-year low of $10.65 and a 1-year high of $19.42. The firm has a 50-day moving average price of $12.81 and a 200-day moving average price of $13.70.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Monday, February 13th. The company reported ($1.45) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by $1.88. Brookdale Senior Living had a negative net margin of 8.13% and a positive return on equity of 17.00%. The business earned $1.21 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the business posted ($0.94) EPS. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, equities research analysts forecast that Brookdale Senior Living will post $1.80 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Oppenheimer & Co. Inc. increased its position in shares of Brookdale Senior Living by 27.3% in the third quarter. Oppenheimer & Co. Inc. now owns 58,900 shares of the company’s stock valued at $1,027,000 after buying an additional 12,631 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Brookdale Senior Living by 0.6% in the third quarter. Prudential Financial Inc. now owns 994,700 shares of the company’s stock valued at $17,358,000 after buying an additional 6,300 shares during the last quarter. Ngam Advisors L.P. increased its position in shares of Brookdale Senior Living by 19.2% in the third quarter. Ngam Advisors L.P. now owns 18,744 shares of the company’s stock valued at $327,000 after buying an additional 3,024 shares during the last quarter. US Bancorp DE increased its position in shares of Brookdale Senior Living by 507.3% in the third quarter. US Bancorp DE now owns 12,595 shares of the company’s stock valued at $220,000 after buying an additional 10,521 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in shares of Brookdale Senior Living by 2.2% in the third quarter. UBS Asset Management Americas Inc. now owns 175,160 shares of the company’s stock valued at $3,057,000 after buying an additional 3,790 shares during the last quarter.

Brookdale Senior Living Company Profile

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.

5 Day Chart for NYSE:BKD

Receive News & Ratings for Brookdale Senior Living Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookdale Senior Living Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply