Kindred Healthcare Inc. (NYSE:KND) had its price objective dropped by stock analysts at Mizuho from $11.00 to $7.00 in a report issued on Tuesday. The firm presently has a “neutral” rating on the stock. Mizuho’s price target would indicate a potential upside of 4.48% from the stock’s previous close.
KND has been the subject of a number of other research reports. Bank of America Corp. restated a “sell” rating and set a $11.00 target price on shares of Kindred Healthcare in a research note on Friday, August 5th. Zacks Investment Research lowered shares of Kindred Healthcare from a “buy” rating to a “hold” rating in a research report on Wednesday, July 27th. Five research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $10.67.
Shares of Kindred Healthcare (NYSE:KND) traded up 1.52% during trading on Tuesday, hitting $6.70. 497,328 shares of the stock were exchanged. The firm’s market capitalization is $570.57 million. Kindred Healthcare has a 52 week low of $5.65 and a 52 week high of $15.66. The firm has a 50 day moving average price of $8.43 and a 200 day moving average price of $10.59.
Kindred Healthcare (NYSE:KND) last posted its earnings results on Monday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by $0.01. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.77 billion. Kindred Healthcare had a positive return on equity of 5.78% and a negative net margin of 8.31%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.23 EPS. Analysts forecast that Kindred Healthcare will post $0.74 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Monday, November 21st will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 7.16%. The ex-dividend date of this dividend is Thursday, November 17th. Kindred Healthcare’s dividend payout ratio is currently -6.90%.
A number of institutional investors have recently added to or reduced their stakes in KND. Louisiana State Employees Retirement System raised its position in Kindred Healthcare by 1.6% in the second quarter. Louisiana State Employees Retirement System now owns 37,700 shares of the company’s stock valued at $426,000 after buying an additional 600 shares in the last quarter. New York State Teachers Retirement System raised its position in Kindred Healthcare by 0.4% in the second quarter. New York State Teachers Retirement System now owns 179,096 shares of the company’s stock valued at $2,022,000 after buying an additional 800 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in Kindred Healthcare by 253.9% in the second quarter. BNP Paribas Arbitrage SA now owns 86,808 shares of the company’s stock valued at $980,000 after buying an additional 62,276 shares in the last quarter. Squarepoint Ops LLC purchased a new position in Kindred Healthcare during the first quarter valued at approximately $613,000. Finally, A.R.T. Advisors LLC purchased a new position in Kindred Healthcare during the first quarter valued at approximately $694,000. 98.49% of the stock is currently owned by hedge funds and other institutional investors.
About Kindred Healthcare