Zacks Investment Research Downgrades Brookdale Senior Living Inc. (NYSE:BKD) to Strong Sell

Brookdale Senior Living Inc. (NYSE:BKD) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday.

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. “

A number of other brokerages have also recently weighed in on BKD. Jefferies Group LLC reiterated a “buy” rating on shares of Brookdale Senior Living in a research note on Tuesday, May 2nd. Stifel Nicolaus cut their price target on Brookdale Senior Living from $20.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday. ValuEngine cut Brookdale Senior Living from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BidaskClub cut Brookdale Senior Living from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Four analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.29.

Brookdale Senior Living (BKD) opened at 12.52 on Thursday. Brookdale Senior Living has a one year low of $10.65 and a one year high of $18.34. The company has a 50-day moving average of $14.06 and a 200 day moving average of $13.88. The firm’s market cap is $2.33 billion.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings data on Monday, August 7th. The company reported ($0.23) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.79. Brookdale Senior Living had a negative net margin of 10.14% and a positive return on equity of 6.00%. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the firm posted ($0.19) EPS. Brookdale Senior Living’s quarterly revenue was down 5.7% compared to the same quarter last year. Equities research analysts expect that Brookdale Senior Living will post $1.80 earnings per share for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in the company. Chartwell Investment Partners LLC bought a new stake in Brookdale Senior Living during the first quarter valued at approximately $1,458,000. Guggenheim Capital LLC raised its position in shares of Brookdale Senior Living by 3.9% in the fourth quarter. Guggenheim Capital LLC now owns 14,274 shares of the company’s stock worth $177,000 after buying an additional 530 shares in the last quarter. Neuberger Berman Group LLC raised its position in shares of Brookdale Senior Living by 56.6% in the first quarter. Neuberger Berman Group LLC now owns 19,926 shares of the company’s stock worth $268,000 after buying an additional 7,200 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Brookdale Senior Living during the first quarter worth $3,995,000. Finally, New South Capital Management Inc. raised its position in shares of Brookdale Senior Living by 26.4% in the first quarter. New South Capital Management Inc. now owns 6,205,928 shares of the company’s stock worth $83,345,000 after buying an additional 1,298,098 shares in the last quarter.

About Brookdale Senior Living

Brookdale Senior Living Inc operates senior living communities in the United States. The Company operates independent living, assisted living and dementia-care communities, and continuing care retirement centers (CCRCs). It operates through five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services and Management Services.

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