JMP Securities Lowers Brookdale Senior Living (BKD) Price Target to $9.00

Brookdale Senior Living (NYSE:BKD) had its price target cut by JMP Securities from $16.00 to $9.00 in a research report report published on Friday. They currently have a buy rating on the stock.

A number of other research firms also recently issued reports on BKD. Zacks Investment Research upgraded shares of Brookdale Senior Living from a strong sell rating to a hold rating in a research report on Monday, December 18th. Stephens reiterated a buy rating and issued a $12.00 price objective on shares of Brookdale Senior Living in a research report on Tuesday, March 6th. Stifel Nicolaus downgraded shares of Brookdale Senior Living from a buy rating to a hold rating and decreased their price objective for the stock from $14.00 to $9.00 in a research report on Thursday, February 22nd. Royal Bank of Canada downgraded shares of Brookdale Senior Living from an outperform rating to a sector perform rating and decreased their price objective for the stock from $13.00 to $8.00 in a research report on Tuesday, February 27th. Finally, Jefferies Group set a $9.00 price objective on shares of Brookdale Senior Living and gave the stock a buy rating in a research report on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $10.50.

How to Become a New Pot Stock Millionaire

NYSE BKD opened at $6.71 on Friday. The firm has a market cap of $1,236.98, a P/E ratio of -8.60 and a beta of 1.78. Brookdale Senior Living has a 1 year low of $6.28 and a 1 year 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 posted its earnings results on Thursday, February 22nd. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.01). The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. Brookdale Senior Living had a negative net margin of 12.04% and a negative return on equity of 8.40%. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($1.45) earnings per share. equities analysts predict that Brookdale Senior Living will post -0.91 EPS for the current fiscal year.

In other news, insider Lucinda M. Baier acquired 15,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was acquired at an average price of $6.94 per share, for a total transaction of $104,100.00. Following the completion of the transaction, the insider now owns 382,934 shares in the company, valued at approximately $2,657,561.96. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lee S. Wielansky acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was purchased at an average price of $6.90 per share, with a total value of $69,000.00. Following the transaction, the director now owns 44,619 shares of the company’s stock, valued at approximately $307,871.10. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 36,950 shares of company stock valued at $256,401. Insiders own 1.50% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Nationwide Fund Advisors increased its stake 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 purchasing an additional 218,490 shares in the last quarter. Legal & General Group Plc increased its stake 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 purchasing an additional 10,997 shares in the last quarter. Dimensional Fund Advisors LP increased its stake 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 purchasing an additional 2,080,341 shares in the last quarter. OxFORD Asset Management LLP purchased a new stake in shares of Brookdale Senior Living during the third quarter worth about $711,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of Brookdale Senior Living during the third quarter worth about $627,000. Institutional investors and hedge funds own 99.82% of the company’s stock.

WARNING: This news story was originally published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this news story on another publication, it was illegally copied and republished in violation of U.S. & international copyright and trademark law. The original version of this news story can be read at https://www.chaffeybreeze.com/2018/04/17/jmp-securities-lowers-brookdale-senior-living-bkd-price-target-to-9-00.html.

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.

Analyst Recommendations for Brookdale Senior Living (NYSE:BKD)

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

Leave a Reply