Brookdale Senior Living Inc. (NYSE:BKD) was downgraded by Bank of America Corp. from a “neutral” rating to an “underperform” rating in a note issued to investors on Wednesday. They presently have a $12.00 price target on the stock, up from their previous price target of $10.65. Bank of America Corp.’s price objective would suggest a potential downside of 1.56% from the stock’s previous close.
A number of other research firms have also recently issued reports on BKD. Zacks Investment Research upgraded shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Jefferies Group set a $29.00 target price on shares of Brookdale Senior Living and gave the company a “buy” rating in a research note on Monday, September 19th. Wells Fargo & Co. cut shares of Brookdale Senior Living from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 2nd. JMP Securities cut 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 research note on Wednesday, August 24th. Finally, RBC Capital Markets cut shares of Brookdale Senior Living from a “top pick” rating to an “outperform” rating and cut their target price for the company from $25.00 to $16.00 in a research note on Wednesday, November 2nd. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $18.38.
Brookdale Senior Living (NYSE:BKD) traded up 0.08% during midday trading on Wednesday, hitting $12.19. The stock had a trading volume of 796,984 shares. Brookdale Senior Living has a one year low of $10.65 and a one year high of $23.29. The stock’s 50-day moving average is $13.82 and its 200-day moving average is $16.35. The company’s market cap is $2.27 billion.
In other Brookdale Senior Living news, Director Frank M. Bumstead bought 15,000 shares of the stock in a transaction on Friday, November 4th. The stock was purchased at an average price of $12.03 per share, with a total value of $180,450.00. Following the acquisition, the director now owns 121,229 shares of the company’s stock, valued at $1,458,384.87. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.30% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the company. Brookfield Asset Management Inc. raised its stake in Brookdale Senior Living by 465.5% in the third quarter. Brookfield Asset Management Inc. now owns 8,587,315 shares of the company’s stock worth $149,849,000 after buying an additional 7,068,865 shares in the last quarter. BlackRock Advisors LLC raised its stake in Brookdale Senior Living by 4,288.8% in the third quarter. BlackRock Advisors LLC now owns 4,666,884 shares of the company’s stock worth $81,437,000 after buying an additional 4,560,548 shares in the last quarter. BlackRock Group LTD raised its stake in Brookdale Senior Living by 1,096.0% in the third quarter. BlackRock Group LTD now owns 1,860,270 shares of the company’s stock worth $32,462,000 after buying an additional 1,704,734 shares in the last quarter. Real Estate Management Services LLC acquired a new stake in Brookdale Senior Living during the second quarter worth approximately $20,402,000. Finally, Nuveen Asset Management LLC raised its stake in Brookdale Senior Living by 8,448.6% in the second quarter. Nuveen Asset Management LLC now owns 1,194,502 shares of the company’s stock worth $18,443,000 after buying an additional 1,180,529 shares in the last quarter.
Brookdale Senior Living Company Profile