Jefferies Group Equities Analysts Lift Earnings Estimates for Brookdale Senior Living (NYSE:BKD)

Brookdale Senior Living (NYSE:BKD) – Research analysts at Jefferies Group increased their Q2 2018 EPS estimates for Brookdale Senior Living in a report issued on Monday, May 7th, according to Zacks Investment Research. Jefferies Group analyst B. Tanquilut now anticipates that the company will earn ($0.11) per share for the quarter, up from their prior estimate of ($0.21). Jefferies Group currently has a “Buy” rating and a $9.00 target price on the stock. Jefferies Group also issued estimates for Brookdale Senior Living’s Q3 2018 earnings at ($0.13) EPS, Q4 2018 earnings at ($0.14) EPS and FY2019 earnings at ($0.60) EPS.

Brookdale Senior Living (NYSE:BKD) last released its earnings results on Monday, May 7th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.13). The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Brookdale Senior Living had a negative return on equity of 10.81% and a negative net margin of 19.13%. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.68) EPS.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Brookdale Senior Living from a “hold” rating to a “strong-buy” rating and set a $7.50 price target for the company in a report on Tuesday, April 24th. JMP Securities cut their price target on Brookdale Senior Living from $16.00 to $9.00 and set a “buy” rating for the company in a report on Friday, April 13th. Stephens restated a “buy” rating and set a $12.00 price target on shares of Brookdale Senior Living in a report on Tuesday, March 6th. Stifel Nicolaus cut Brookdale Senior Living from a “buy” rating to a “hold” rating and cut their price target for the company from $14.00 to $9.00 in a report on Thursday, February 22nd. Finally, Royal Bank of Canada cut Brookdale Senior Living from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $13.00 to $8.00 in a report on Tuesday, February 27th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $9.08.

NYSE BKD opened at $7.64 on Thursday. The company has a debt-to-equity ratio of 4.20, a quick ratio of 0.84 and a current ratio of 0.84. Brookdale Senior Living has a 1-year low of $6.28 and a 1-year high of $15.66.

Several large investors have recently bought and sold shares of BKD. Fosun International Ltd bought a new stake in shares of Brookdale Senior Living in the 1st quarter valued at approximately $101,320,000. Long Pond Capital LP bought a new stake in shares of Brookdale Senior Living during the 4th quarter worth approximately $23,075,000. Land & Buildings Investment Management LLC lifted its stake in shares of Brookdale Senior Living by 36.3% during the 4th quarter. Land & Buildings Investment Management LLC now owns 6,816,974 shares of the company’s stock worth $66,125,000 after acquiring an additional 1,816,200 shares during the last quarter. Macquarie Group Ltd. lifted its stake in shares of Brookdale Senior Living by 37.0% during the 4th quarter. Macquarie Group Ltd. now owns 6,239,637 shares of the company’s stock worth $60,525,000 after acquiring an additional 1,684,547 shares during the last quarter. Finally, Coliseum Capital Management LLC bought a new stake in shares of Brookdale Senior Living during the 1st quarter worth approximately $10,366,000.

In related news, Director James R. Seward acquired 5,000 shares of the stock in a transaction dated Thursday, March 1st. The stock was acquired at an average cost of $6.68 per share, with a total value of $33,400.00. Following the purchase, the director now directly owns 102,451 shares of the company’s stock, valued at $684,372.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Lucinda M. Baier acquired 15,000 shares of the stock in a transaction dated Tuesday, February 27th. The stock was bought at an average cost of $6.94 per share, with a total value of $104,100.00. Following the completion of the purchase, the insider now directly owns 382,934 shares in the company, valued at $2,657,561.96. The disclosure for this purchase can be found here. Insiders bought a total of 36,950 shares of company stock valued at $256,401 over the last ninety days. Corporate insiders own 1.50% of the company’s stock.

Brookdale Senior Living Company Profile

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