Shares of Brookdale Senior Living, Inc. (NYSE:BKD) have earned an average recommendation of “Hold” from the six ratings firms that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $9.25.
A number of research analysts have weighed in on BKD shares. Stifel Nicolaus set a $80.00 target price on shares of CSX and gave the stock a “hold” rating in a research note on Wednesday, April 17th. Zacks Investment Research upgraded shares of DLH from a “sell” rating to a “hold” rating in a report on Tuesday.
In other news, Director Frank M. Bumstead purchased 10,000 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was acquired at an average price of $6.12 per share, for a total transaction of $61,200.00. Following the acquisition, the director now directly owns 201,019 shares of the company’s stock, valued at $1,230,236.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.20% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in BKD. Norges Bank acquired a new stake in shares of Brookdale Senior Living during the 4th quarter worth approximately $19,763,000. Macquarie Group Ltd. increased its holdings in Brookdale Senior Living by 20.1% in the 4th quarter. Macquarie Group Ltd. now owns 8,878,228 shares of the company’s stock valued at $59,484,000 after purchasing an additional 1,488,103 shares during the last quarter. BlackRock Inc. increased its holdings in Brookdale Senior Living by 8.1% in the 4th quarter. BlackRock Inc. now owns 15,135,913 shares of the company’s stock valued at $101,410,000 after purchasing an additional 1,131,261 shares during the last quarter. D. E. Shaw & Co. Inc. increased its holdings in Brookdale Senior Living by 75.7% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,960,089 shares of the company’s stock valued at $13,133,000 after purchasing an additional 844,756 shares during the last quarter. Finally, American Century Companies Inc. acquired a new stake in Brookdale Senior Living in the 4th quarter valued at approximately $3,758,000. Institutional investors and hedge funds own 92.33% of the company’s stock.
BKD traded up $0.14 during trading on Friday, reaching $8.17. The company’s stock had a trading volume of 1,119,589 shares, compared to its average volume of 1,545,596. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 5.92. The stock has a fifty day simple moving average of $6.86. Brookdale Senior Living has a 1 year low of $5.97 and a 1 year high of $10.05. The company has a market capitalization of $1.52 billion, a P/E ratio of -4.11 and a beta of 1.56.
Brookdale Senior Living (NYSE:BKD) last released its earnings results on Monday, May 6th. The company reported ($0.23) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.10. Brookdale Senior Living had a negative net margin of 2.59% and a negative return on equity of 18.06%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the company posted ($2.45) EPS. The business’s revenue was down 12.2% on a year-over-year basis. On average, equities analysts expect that Brookdale Senior Living will post -1.05 earnings per share for the current fiscal year.
About Brookdale Senior Living
Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Independent Living, Assisted Living and Memory Care, CCRCs, Health Care Services, and Management Services. The Independent Living segment owns or leases communities comprising independent and assisted living units in a single community that are primarily designed for middle to upper income senior citizens.
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