Brookdale Senior Living, Inc. (NYSE:BKD) has been assigned a consensus rating of “Hold” from the eight research firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $15.30.
A number of analysts have issued reports on BKD shares. Jefferies Group set a $14.00 target price on shares of Brookdale Senior Living and gave the company a “buy” rating in a research note on Friday, October 20th. Royal Bank of Canada reduced their target price on shares of Brookdale Senior Living from $16.00 to $13.00 and set an “outperform” rating for the company in a research note on Wednesday, November 8th. Stephens set a $16.00 target price on shares of Brookdale Senior Living and gave the company a “buy” rating in a research note on Monday, November 20th. Zacks Investment Research upgraded shares of Brookdale Senior Living from a “strong sell” rating to a “hold” rating in a research note on Monday, December 18th. Finally, Stifel Nicolaus reduced their target price on shares of Brookdale Senior Living from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Tuesday, November 7th.
Large investors have recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd bought a new position in shares of Brookdale Senior Living in the second quarter valued at approximately $101,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Brookdale Senior Living by 12.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,943 shares of the company’s stock valued at $102,000 after purchasing an additional 761 shares during the period. EP Wealth Advisors LLC bought a new position in shares of Brookdale Senior Living in the second quarter valued at approximately $148,000. Merriman Wealth Management LLC bought a new position in Brookdale Senior Living during the third quarter worth $108,000. Finally, Dorsey & Whitney Trust CO LLC bought a new position in Brookdale Senior Living during the third quarter worth $122,000. 99.60% of the stock is currently owned by institutional investors.
Brookdale Senior Living (NYSE:BKD) last posted its earnings results on Monday, November 6th. The company reported ($2.22) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($1.97). The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Brookdale Senior Living had a negative net margin of 17.85% and a negative return on equity of 0.79%. Brookdale Senior Living’s revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.28) earnings per share. analysts expect that Brookdale Senior Living will post -3.43 EPS for the current fiscal year.
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.
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