Brookdale Senior Living, Inc. (NYSE:BKD) has earned a consensus recommendation of “Hold” from the seven ratings firms that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $9.60.
A number of equities analysts have recently issued reports on BKD shares. Zacks Investment Research raised Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Monday, October 8th. JMP Securities upped their price target on Brookdale Senior Living from $9.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, October 3rd. ValuEngine raised Brookdale Senior Living from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 28th. Finally, Stifel Nicolaus reduced their price target on Brookdale Senior Living from $9.00 to $8.00 and set a “hold” rating on the stock in a research report on Tuesday, August 7th.
In other Brookdale Senior Living news, Director Marcus E. Bromley purchased 6,400 shares of Brookdale Senior Living stock in a transaction dated Tuesday, August 14th. The shares were acquired at an average cost of $7.85 per share, with a total value of $50,240.00. Following the completion of the transaction, the director now owns 54,619 shares in the company, valued at approximately $428,759.15. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.20% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of Brookdale Senior Living in the 1st quarter valued at $118,000. Point72 Hong Kong Ltd increased its position in shares of Brookdale Senior Living by 265.3% in the 2nd quarter. Point72 Hong Kong Ltd now owns 15,509 shares of the company’s stock valued at $141,000 after acquiring an additional 11,263 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Brookdale Senior Living by 127.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 18,102 shares of the company’s stock valued at $165,000 after acquiring an additional 10,131 shares during the period. Avestar Capital LLC increased its position in shares of Brookdale Senior Living by 126.2% in the 3rd quarter. Avestar Capital LLC now owns 19,228 shares of the company’s stock valued at $171,000 after acquiring an additional 10,727 shares during the period. Finally, Xact Kapitalforvaltning AB increased its position in shares of Brookdale Senior Living by 55.2% in the 1st quarter. Xact Kapitalforvaltning AB now owns 28,943 shares of the company’s stock valued at $194,000 after acquiring an additional 10,300 shares during the period.
Brookdale Senior Living stock traded down $0.45 during mid-day trading on Monday, reaching $8.89. 2,618,290 shares of the company were exchanged, compared to its average volume of 1,782,903. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.93. The firm has a market cap of $1.68 billion, a P/E ratio of -11.40 and a beta of 1.60. Brookdale Senior Living has a 12-month low of $6.28 and a 12-month high of $11.09.
Brookdale Senior Living (NYSE:BKD) last posted its earnings results on Monday, August 6th. The company reported ($0.88) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.66). The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Brookdale Senior Living had a negative return on equity of 13.56% and a negative net margin of 21.80%. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.25) EPS. Equities analysts expect that Brookdale Senior Living will post -1.03 earnings per share for the current year.
Brookdale Senior Living Company Profile
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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