Q3 2016 EPS Estimates for Brookdale Senior Living Inc. (BKD) Cut by Analyst
Brookdale Senior Living Inc. (NYSE:BKD) – Jefferies Group dropped their Q3 2016 earnings estimates for shares of Brookdale Senior Living in a report released on Monday. Jefferies Group analyst B. Tanquilut now expects that the brokerage will post earnings per share of $0.62 for the quarter, down from their prior estimate of $0.64. Jefferies Group has a “Buy” rating and a $29.00 price target on the stock. Jefferies Group also issued estimates for Brookdale Senior Living’s Q4 2016 earnings at $0.65 EPS.
Other equities research analysts have also recently issued reports about the company. Zacks Investment Research upgraded Brookdale Senior Living from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. Barclays PLC decreased their price objective on 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. Finally, JMP Securities decreased their price objective on 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. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $24.83.
Brookdale Senior Living (NYSE:BKD) opened at 17.95 on Tuesday. The stock’s market capitalization is $3.34 billion. The firm has a 50-day moving average price of $17.28 and a 200 day moving average price of $17.09. Brookdale Senior Living has a 12 month low of $11.28 and a 12 month high of $25.78.
Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Monday, August 8th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by $0.78. The firm earned $1.26 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Brookdale Senior Living had a positive return on equity of 10.13% and a negative net margin of 6.54%. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.46) earnings per share.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of Brookdale Senior Living during the fourth quarter valued at about $19,622,000. Virginia Retirement System acquired a new position in shares of Brookdale Senior Living during the first quarter valued at about $1,215,000. TIAA CREF Investment Management LLC raised its position in shares of Brookdale Senior Living by 9.4% in the first quarter. TIAA CREF Investment Management LLC now owns 492,820 shares of the company’s stock valued at $7,826,000 after buying an additional 42,330 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Brookdale Senior Living by 3,856.5% in the first quarter. Prudential Financial Inc. now owns 464,336 shares of the company’s stock valued at $7,374,000 after buying an additional 452,600 shares in the last quarter. Finally, BlackRock Inc. raised its position in shares of Brookdale Senior Living by 53.2% in the first quarter. BlackRock Inc. now owns 125,633 shares of the company’s stock valued at $1,995,000 after buying an additional 43,608 shares in the last quarter.
About Brookdale Senior Living
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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