Today: The Wells Fargo & Co. Downgraded Brookdale Senior Living Inc. (BKD) to Market Perform

The Wells Fargo & Co. Downgraded Brookdale Senior Living Inc. (BKD) to Market Perform

Brookdale Senior Living Inc. (NYSE:BKD) was downgraded by analysts at Wells Fargo & Co. from an “outperform” rating to a “market perform” rating in a note issued to investors on Wednesday.

Other equities analysts have also recently issued research reports about the stock. Jefferies Group reaffirmed a “buy” rating and set a $29.00 price objective on shares of Brookdale Senior Living in a research note on Tuesday, August 9th. Zacks Investment Research raised shares of Brookdale Senior Living from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Tuesday, October 4th. TheStreet raised shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a research note on Thursday, September 22nd. JMP Securities reduced their price objective 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 reduced their price objective for the company from $25.00 to $16.00 in a research note on Wednesday, November 2nd. Three research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.38.

Brookdale Senior Living (NYSE:BKD) traded up 0.08% during trading on Wednesday, hitting $12.19. 796,984 shares of the stock traded hands. The company has a 50-day moving average price of $13.82 and a 200-day moving average price of $16.35. Brookdale Senior Living has a 12 month low of $10.65 and a 12 month high of $23.29. The stock’s market cap is $2.27 billion.

In other Brookdale Senior Living news, Director Frank M. Bumstead acquired 15,000 shares of the business’s stock in a transaction dated Friday, November 4th. The stock was bought at an average price of $12.03 per share, with a total value of $180,450.00. Following the purchase, the director now owns 121,229 shares of the company’s stock, valued at $1,458,384.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Brookdale Senior Living by 3.6% in the second quarter. Vanguard Group Inc. now owns 13,109,046 shares of the company’s stock worth $202,404,000 after buying an additional 453,593 shares during the period. Brookfield Asset Management Inc. boosted its stake in shares of 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 during the period. Cohen & Steers Inc. boosted its stake in shares of Brookdale Senior Living by 16.9% in the second quarter. Cohen & Steers Inc. now owns 6,173,115 shares of the company’s stock worth $95,313,000 after buying an additional 892,436 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Brookdale Senior Living by 7.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 4,843,437 shares of the company’s stock worth $84,518,000 after buying an additional 330,110 shares during the period. Finally, BlackRock Advisors LLC boosted its stake in shares of 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 during the period.

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