Brookdale Senior Living Inc. (BKD) Sees Large Volume Increase
Shares of Brookdale Senior Living Inc. (NYSE:BKD) saw unusually-high trading volume on Monday . Approximately 3,134,870 shares traded hands during trading, an increase of 14% from the previous session’s volume of 2,750,127 shares.The stock last traded at $18.06 and had previously closed at $17.90.
BKD has been the subject of several analyst reports. Jefferies Group set a $29.00 price target on shares of Brookdale Senior Living and gave the company a “buy” rating in a research note on Monday. Zacks Investment Research downgraded shares of Brookdale Senior Living from a “hold” rating to a “sell” rating in a research note on Monday, July 18th. JMP Securities lowered their target price on shares of Brookdale Senior Living from $30.00 to $29.00 and set a “market outperform” rating for the company in a research note on Wednesday, August 24th. Finally, Barclays PLC lowered their target price on shares of Brookdale Senior Living from $28.00 to $21.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 1st. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Brookdale Senior Living has an average rating of “Buy” and a consensus target price of $24.83.
The firm’s 50 day moving average is $17.27 and its 200-day moving average is $17.08. The company’s market capitalization is $3.31 billion.
Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings results on Monday, August 8th. The company reported ($0.19) EPS for the quarter, missing the Zacks’ consensus estimate of $0.59 by $0.78. Brookdale Senior Living had a positive return on equity of 10.13% and a negative net margin of 6.54%. The company earned $1.26 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the prior year, the firm earned ($0.46) EPS. Brookdale Senior Living’s quarterly revenue was up 1.7% on a year-over-year basis. On average, analysts predict that Brookdale Senior Living Inc. will post ($0.10) EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in the company. Brookfield Asset Management Inc. boosted its position in Brookdale Senior Living by 187.3% in the first quarter. Brookfield Asset Management Inc. now owns 2,290,550 shares of the company’s stock worth $36,374,000 after buying an additional 1,493,250 shares in the last quarter. Real Estate Management Services LLC acquired a new stake in shares of Brookdale Senior Living during the second quarter worth about $20,402,000. Nuveen Asset Management LLC boosted its stake in shares of Brookdale Senior Living by 8,448.6% in the second quarter. Nuveen Asset Management LLC now owns 1,194,502 shares of the company’s stock worth $18,443,000 after buying an additional 1,180,529 shares during the period. Norges Bank acquired a new stake in shares of Brookdale Senior Living during the fourth quarter worth about $19,622,000. Finally, Kingstown Capital Management L.P. boosted its stake in shares of Brookdale Senior Living by 40.0% in the first quarter. Kingstown Capital Management L.P. now owns 3,500,000 shares of the company’s stock worth $55,580,000 after buying an additional 1,000,000 shares during the period.
Brookdale Senior Living Company Profile
Brookdale Senior Living Inc is engaged in the operation of senior living communities in the United States. The Company has five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services, and Management Services. Its Retirement Centers segment includes owned or leased communities that are designed for middle to upper income seniors.
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