Trade Report: Today, Brookdale Senior Living Inc. (BKD) Given Consensus Rating of “Hold” by Brokerages

Today, Brookdale Senior Living Inc. (BKD) Given Consensus Rating of “Hold” by Brokerages

Shares of Brookdale Senior Living Inc. (NYSE:BKD) have received an average rating of “Hold” from the ten brokerages that are covering the company. Three research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $18.29.

BKD has been the subject of a number of research reports. Jefferies Group set a $29.00 target price on shares of Brookdale Senior Living and gave the company a “buy” rating in a report on Monday, September 19th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Brookdale Senior Living in a report on Monday, October 10th. Zacks Investment Research raised shares of Brookdale Senior Living from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a report on Tuesday, October 4th. TheStreet raised shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a report on Thursday, September 22nd. Finally, JMP Securities reduced their target price on shares of Brookdale Senior Living from $30.00 to $29.00 and set a “market outperform” rating for the company in a report on Wednesday, August 24th.

In related news, Director Frank M. Bumstead bought 15,000 shares of the stock in a transaction on Friday, November 4th. The shares were bought at an average cost of $12.03 per share, for a total transaction of $180,450.00. Following the completion of the transaction, the director now owns 121,229 shares of the company’s stock, valued at approximately $1,458,384.87. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.30% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Chicago Equity Partners LLC raised its position in shares of Brookdale Senior Living by 140.4% in the second quarter. Chicago Equity Partners LLC now owns 180,340 shares of the company’s stock valued at $2,784,000 after buying an additional 105,310 shares during the last quarter. Quantitative Systematic Strategies LLC bought a new position in shares of Brookdale Senior Living during the second quarter valued at $180,000. Real Estate Management Services LLC bought a new position in shares of Brookdale Senior Living during the second quarter valued at $20,402,000. Monarch Partners Asset Management LLC bought a new position in shares of Brookdale Senior Living during the second quarter valued at $2,163,000. Finally, Bank of Montreal Can bought a new position in shares of Brookdale Senior Living during the second quarter valued at $2,591,000.

Shares of Brookdale Senior Living (NYSE:BKD) traded up 0.08% on Friday, reaching $12.19. 796,984 shares of the company were exchanged. The company’s market capitalization is $2.27 billion. Brookdale Senior Living has a 52-week low of $10.65 and a 52-week high of $23.29. The stock has a 50 day moving average of $14.02 and a 200-day moving average of $16.39.

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