TheStreet cut shares of Kindred Healthcare Inc. (NYSE:KND) from a hold rating to a sell rating in a report released on Tuesday morning.
KND has been the subject of a number of other reports. Bank of America Corp. reiterated a sell rating and set a $11.00 target price on shares of Kindred Healthcare in a research report on Friday, August 5th. Stifel Nicolaus downgraded Kindred Healthcare from a hold rating to a sell rating and lowered their target price for the company from $10.00 to $5.00 in a research report on Tuesday, November 8th. Barclays PLC reiterated a buy rating and set a $17.00 target price on shares of Kindred Healthcare in a research report on Tuesday, November 8th. Zacks Investment Research downgraded Kindred Healthcare from a buy rating to a hold rating in a research report on Wednesday, July 27th. Finally, Mizuho lowered their target price on Kindred Healthcare from $11.00 to $7.00 and set a neutral rating for the company in a research report on Tuesday, November 8th. Five equities 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. The stock has a consensus rating of Hold and a consensus target price of $10.67.
Kindred Healthcare (NYSE:KND) opened at 6.55 on Tuesday. The firm’s 50-day moving average is $9.39 and its 200-day moving average is $11.09. Kindred Healthcare has a 12 month low of $5.65 and a 12 month high of $15.66. The stock’s market capitalization is $557.97 million.
Kindred Healthcare (NYSE:KND) last posted its quarterly earnings results on Monday, November 7th. The company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.01. Kindred Healthcare had a positive return on equity of 5.78% and a negative net margin of 8.31%. The business earned $1.79 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the previous year, the company earned $0.23 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities analysts expect that Kindred Healthcare will post $0.79 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Monday, November 21st will be given a $0.12 dividend. The ex-dividend date is Thursday, November 17th. This represents a $0.48 dividend on an annualized basis and a yield of 7.33%. Kindred Healthcare’s dividend payout ratio is presently -6.90%.
Hedge funds have recently modified their holdings of the company. Pacad Investment Ltd. acquired a new stake in Kindred Healthcare during the second quarter worth $100,000. Amalgamated Bank acquired a new stake in Kindred Healthcare during the second quarter worth $111,000. Catalyst Capital Advisors LLC acquired a new stake in Kindred Healthcare during the third quarter worth $112,000. Rational Advisors LLC acquired a new stake in Kindred Healthcare during the second quarter worth $116,000. Finally, PineBridge Investments L.P. raised its stake in Kindred Healthcare by 5.5% in the second quarter. PineBridge Investments L.P. now owns 10,800 shares of the company’s stock worth $122,000 after buying an additional 560 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.
About Kindred Healthcare