Brookdale Senior Living Inc. (BKD) Announces Quarterly Earnings Results, Misses Estimates By $0.79 EPS

Brookdale Senior Living Inc. (NYSE:BKD) issued its quarterly earnings data on Monday, August 7th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.79, Morningstar.com reports. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Brookdale Senior Living had a positive return on equity of 6.00% and a negative net margin of 10.14%. The firm’s revenue was down 5.7% on a year-over-year basis. During the same period last year, the company earned ($0.19) earnings per share.

Shares of Brookdale Senior Living (BKD) traded down 0.41% during midday trading on Friday, hitting $12.00. The company had a trading volume of 1,860,501 shares. The firm’s market capitalization is $2.24 billion. Brookdale Senior Living has a 12 month low of $10.65 and a 12 month high of $18.34. The company has a 50-day moving average of $13.69 and a 200 day moving average of $13.77.

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Several analysts have recently issued reports on BKD shares. Jefferies Group LLC reaffirmed a “buy” rating on shares of Brookdale Senior Living in a report on Tuesday, May 2nd. Stifel Nicolaus decreased their price objective on Brookdale Senior Living from $20.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, August 8th. Zacks Investment Research upgraded Brookdale Senior Living from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Monday, July 3rd. ValuEngine lowered Brookdale Senior Living from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BidaskClub lowered Brookdale Senior Living from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Four equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $18.29.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BKD. Vanguard Group Inc. boosted its position in Brookdale Senior Living by 4.5% in the first quarter. Vanguard Group Inc. now owns 15,387,106 shares of the company’s stock valued at $206,649,000 after buying an additional 663,671 shares during the last quarter. Glenview Capital Management LLC boosted its position in Brookdale Senior Living by 3.5% in the second quarter. Glenview Capital Management LLC now owns 15,250,718 shares of the company’s stock valued at $224,338,000 after buying an additional 520,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Brookdale Senior Living by 38.5% in the second quarter. Dimensional Fund Advisors LP now owns 9,887,660 shares of the company’s stock valued at $145,448,000 after buying an additional 2,751,084 shares during the last quarter. New South Capital Management Inc. boosted its position in 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 valued at $83,345,000 after buying an additional 1,298,098 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in Brookdale Senior Living by 125.2% in the first quarter. Wellington Management Group LLP now owns 5,241,746 shares of the company’s stock valued at $70,398,000 after buying an additional 2,914,451 shares during 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.

Earnings History for Brookdale Senior Living (NYSE:BKD)

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