Brookdale Senior Living (NYSE:BKD) Stock Gets Price Target Reduction from Barclays

Brookdale Senior Living (NYSE:BKD) had its target price cut by Barclays from $17.00 to $14.00 in a report issued on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages have also recently commented on BKD. Stephens reduced their target price on shares of Brookdale Senior Living from $17.00 to $12.00 and set an “overweight” rating for the company in a research report on Monday. Zacks Research upgraded shares of Brookdale Senior Living from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Brookdale Senior Living in a research report on Monday, August 24th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $15.60.

Brookdale Senior Living Price Performance

NYSE BKD opened at $8.97 on Tuesday. The business has a fifty day moving average price of $10.69 and a 200 day moving average price of $13.19. Brookdale Senior Living has a one year low of $8.79 and a one year high of $17.09.

Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Friday, November 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 1.27%. The business had revenue of $712.07 million for the quarter, compared to analyst estimates of $721.26 million. On average, equities research analysts expect that Brookdale Senior Living will post -0.05 earnings per share for the current fiscal year.

Insider Activity at Brookdale Senior Living

In related news, Director C Christian Winkle acquired 40,000 shares of Brookdale Senior Living stock in a transaction that occurred on Tuesday, November 10th. The shares were purchased at an average price of $8.95 per share, for a total transaction of $358,000.00. Following the completion of the transaction, the director owned 40,000 shares in the company, valued at $358,000. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.73% of the company’s stock.

Institutional Trading of Brookdale Senior Living

Several large investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Brookdale Senior Living in the 2nd quarter worth $43,000. Public Employees Retirement System of Ohio acquired a new position in shares of Brookdale Senior Living during the 2nd quarter valued at about $53,000. Nykredit A S acquired a new position in shares of Brookdale Senior Living during the 2nd quarter valued at about $57,000. Persistent Asset Partners Ltd acquired a new position in shares of Brookdale Senior Living during the 2nd quarter valued at about $66,000. Finally, Strs Ohio acquired a new position in shares of Brookdale Senior Living during the 1st quarter valued at about $70,000.

Brookdale Senior Living Company Profile

Brookdale Senior Living Inc. operates senior living communities in the United States, serving older adults with a range of housing and care options. Its offerings include independent living, assisted living and memory care, with services tailored to residents’ needs and levels of independence. Community services may include meals, housekeeping, transportation, wellness programs and social activities, alongside personal assistance and specialized support for residents with memory-related conditions.