Trade Report: The Brookdale Senior Living Inc. (BKD) Decreased to “Outperform” at Royal Bank Of Canada

The Brookdale Senior Living Inc. (BKD) Decreased to “Outperform” at Royal Bank Of Canada

Brookdale Senior Living Inc. (NYSE:BKD) was downgraded by stock analysts at Royal Bank Of Canada from a “top pick” rating to an “outperform” rating in a note issued to investors on Wednesday. They currently have a $16.00 target price on the stock, down from their previous target price of $25.00. Royal Bank Of Canada’s price objective suggests a potential upside of 31.26% from the stock’s current price.

BKD has been the subject of a number of other reports. TheStreet raised shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a research note on Thursday, September 22nd. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Brookdale Senior Living in a research note on Monday, October 10th. Jefferies Group reaffirmed a “buy” rating and issued a $29.00 target price on shares of Brookdale Senior Living in a research note on Tuesday, August 9th. RBC Capital Markets lowered shares of Brookdale Senior Living from a “top pick” rating to an “outperform” rating and reduced their target price for the stock from $25.00 to $16.00 in a research note on Wednesday, November 2nd. Finally, JMP Securities cut their price target on shares of Brookdale Senior Living from $30.00 to $29.00 and set a “market outperform” rating on the stock in a research report on Wednesday, August 24th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $18.38.

Shares of 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. The firm’s market capitalization is $2.27 billion. The company’s 50 day moving average price is $13.82 and its 200-day moving average price is $16.35. Brookdale Senior Living has a 1-year low of $10.65 and a 1-year high of $23.29.

In other news, Director Frank M. Bumstead bought 15,000 shares of the company’s stock in a transaction dated Friday, November 4th. The shares were bought at an average cost of $12.03 per share, with a total value of $180,450.00. Following the acquisition, the director now owns 121,229 shares in the company, valued at $1,458,384.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the stock. State Street Corp boosted its stake in shares of Brookdale Senior Living by 10.1% in the first quarter. State Street Corp now owns 2,487,397 shares of the company’s stock worth $39,503,000 after buying an additional 228,580 shares during the last quarter. Real Estate Management Services LLC bought a new position in shares of Brookdale Senior Living during the second quarter worth approximately $20,402,000. Wellington Management Group LLP raised its position in shares of Brookdale Senior Living by 2.3% in the first quarter. Wellington Management Group LLP now owns 1,228,942 shares of the company’s stock worth $19,516,000 after buying an additional 27,266 shares during the period. 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 worth $2,784,000 after buying an additional 105,310 shares during the period. Finally, BlackRock Group LTD raised its position in shares of Brookdale Senior Living by 39.1% in the first quarter. BlackRock Group LTD now owns 168,935 shares of the company’s stock worth $2,682,000 after buying an additional 47,462 shares during the period.

Brookdale Senior Living Company Profile

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