Brookdale Senior Living (NYSE:BKD – Free Report) had its price objective decreased by Stephens from $17.00 to $12.00 in a research note issued to investors on Monday,Benzinga reports. Stephens currently has an overweight rating on the stock.
Several other analysts have also recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brookdale Senior Living in a research note on Monday, August 24th. Barclays cut their target price on shares of Brookdale Senior Living from $18.00 to $17.00 and set an “overweight” rating for the company in a research note on Tuesday, August 11th. Finally, Zacks Research upgraded Brookdale Senior Living from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.60.
Read Our Latest Stock Report on BKD
Brookdale Senior Living Trading Down 1.7%
Shares of NYSE:BKD opened at $9.22 on Monday. The business’s fifty day moving average price is $10.75 and its two-hundred day moving average price is $13.21. Brookdale Senior Living has a fifty-two week low of $8.79 and a fifty-two week high of $17.09.
Brookdale Senior Living (NYSE:BKD – Get Free Report) last issued its earnings results on Friday, November 6th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The firm had revenue of $712.07 million during the quarter, compared to analyst estimates of $721.26 million. Brookdale Senior Living had a negative net margin of 1.27% and a negative return on equity of 15,050.32%. Sell-side analysts predict that Brookdale Senior Living will post -0.05 EPS for the current year.
Institutional Trading of Brookdale Senior Living
Hedge funds and other institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its position in Brookdale Senior Living by 86.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,689 shares of the company’s stock valued at $43,000 after purchasing an additional 1,244 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Brookdale Senior Living by 1.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 109,632 shares of the company’s stock worth $1,500,000 after buying an additional 1,436 shares during the last quarter. Quantinno Capital Management LP boosted its stake in shares of Brookdale Senior Living by 4.5% during the 1st quarter. Quantinno Capital Management LP now owns 48,383 shares of the company’s stock worth $662,000 after buying an additional 2,095 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Brookdale Senior Living in the 2nd quarter valued at about $53,000. Finally, Nykredit A S bought a new position in shares of Brookdale Senior Living in the 2nd quarter valued at about $57,000.
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.
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