Zacks Investment Research upgraded shares of Brookdale Senior Living Inc. (NYSE:BKD) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning. They currently have $19.00 price target on the stock.
According to Zacks, “Brookdale Senior Living Inc. is a leading owner and operator of senior living facilities throughout the United States. The Company is committed to providing an exceptional living experience through properties that are designed, purpose-built and operated to provide the highest-quality service, care and living accommodations for residents. The Company owns and operates independent, assisted and dementia-care facilities. “
Other analysts have also issued research reports about the stock. Jefferies Group set a $29.00 price target on shares of Brookdale Senior Living and gave the company a buy rating in a report on Monday, September 19th. TheStreet raised shares of Brookdale Senior Living from a sell rating to a hold rating in a research note on Thursday, September 22nd. Finally, JMP Securities reduced their price objective on shares of Brookdale Senior Living from $30.00 to $29.00 and set a market outperform rating on the stock in a research note on Wednesday, August 24th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $24.00.
Shares of Brookdale Senior Living (NYSE:BKD) opened at 16.16 on Tuesday. The firm’s market capitalization is $3.00 billion. The firm’s 50-day moving average is $17.32 and its 200 day moving average is $17.22. Brookdale Senior Living has a 52 week low of $11.28 and a 52 week high of $23.92.
Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Monday, August 8th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by $0.78. The company earned $1.26 billion during the quarter, compared to analyst estimates of $1.23 billion. Brookdale Senior Living had a negative net margin of 6.54% and a positive return on equity of 10.13%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the business earned ($0.46) EPS. Equities research analysts forecast that Brookdale Senior Living will post ($0.10) EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in the company. Independent Portfolio Consultants Inc. purchased a new position in shares of Brookdale Senior Living during the second quarter worth $151,000. Janus Capital Management LLC purchased a new position in shares of Brookdale Senior Living during the second quarter worth $168,000. Cahill Financial Advisors Inc. purchased a new position in shares of Brookdale Senior Living during the second quarter worth $170,000. Quantitative Systematic Strategies LLC purchased a new position in shares of Brookdale Senior Living during the second quarter worth $180,000. Finally, Bank of Hawaii purchased a new position in shares of Brookdale Senior Living during the second quarter worth $187,000.
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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