Stifel Nicolaus set a $8.00 price objective on Brookdale Senior Living (NYSE:BKD) in a research note issued to investors on Wednesday morning, TipRanks reports. The firm currently has a hold rating on the stock.
BKD has been the subject of a number of other research reports. Zacks Investment Research upgraded Brookdale Senior Living from a hold rating to a buy rating and set a $9.00 price target for the company in a report on Wednesday, February 13th. Jefferies Financial Group restated a buy rating and issued a $10.00 price target on shares of Brookdale Senior Living in a report on Tuesday, February 12th. Finally, ValuEngine upgraded Brookdale Senior Living from a sell rating to a hold rating in a report on Tuesday, January 15th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $9.20.
Shares of NYSE:BKD opened at $6.24 on Wednesday. Brookdale Senior Living has a 1 year low of $6.08 and a 1 year high of $10.10. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 4.12.
Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings results on Wednesday, February 13th. The company reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.27) by $0.97. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Brookdale Senior Living had a negative return on equity of 15.69% and a negative net margin of 11.66%. Brookdale Senior Living’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.08) EPS. As a group, analysts expect that Brookdale Senior Living will post -1.33 EPS for the current year.
In related news, insider Lucinda M. Baier purchased 7,500 shares of the firm’s stock in a transaction on Tuesday, February 19th. The stock was purchased at an average price of $7.04 per share, for a total transaction of $52,800.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Denise Wilder Warren purchased 5,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was bought at an average price of $6.56 per share, with a total value of $32,800.00. Following the acquisition, the director now owns 24,401 shares in the company, valued at $160,070.56. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 46,195 shares of company stock valued at $320,904. 1.20% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Brookdale Senior Living by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 16,568,707 shares of the company’s stock valued at $162,871,000 after purchasing an additional 289,082 shares in the last quarter. Vanguard Group Inc raised its position in shares of Brookdale Senior Living by 1.8% in the 3rd quarter. Vanguard Group Inc now owns 16,568,707 shares of the company’s stock valued at $162,871,000 after purchasing an additional 289,082 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Brookdale Senior Living by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 15,745,300 shares of the company’s stock valued at $105,494,000 after purchasing an additional 109,234 shares in the last quarter. BlackRock Inc. raised its position in shares of Brookdale Senior Living by 8.1% in the 4th quarter. BlackRock Inc. now owns 15,135,913 shares of the company’s stock valued at $101,410,000 after purchasing an additional 1,131,261 shares in the last quarter. Finally, Morgan Stanley raised its position in shares of Brookdale Senior Living by 16.3% in the 3rd quarter. Morgan Stanley now owns 11,547,943 shares of the company’s stock valued at $113,516,000 after purchasing an additional 1,619,624 shares in the last quarter. 99.39% of the stock is currently owned by institutional investors.
Brookdale Senior Living Company Profile
Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Independent Living, Assisted Living and Memory Care, CCRCs, Health Care Services, and Management Services. The Independent Living segment owns or leases communities comprising independent and assisted living units in a single community that are primarily designed for middle to upper income senior citizens.
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