Jefferies Upgrades Brookdale Senior Living to Buy with Price Target $16.5

Brokerage firm Jefferies Upgrades its rating on Brookdale Senior Living(BKD). As per the latest information, Jefferies Raises the price target to $16.5 per share from a prior target of $14. The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by the stock financial advisor at Jefferies was issued on Mar 27, 2017 in a research report to their Investors and Clients.

Brookdale Senior Living (BKD) made into the market gainers list on Fridays trading session with the shares advancing 0.58% or 0.07 points. Due to strong positive momentum, the stock ended at $12.1, which is also near the day’s high of $12.16. The stock began the session at $11.96 and the volume stood at 29,79,908 shares. The 52-week high of the shares is $19.42 and the 52 week low is $10.65. The company has a current market capitalization of $2,244 M and it has 18,54,48,110 shares in outstanding.

Brookdale Senior Living(BKD) last announced its earnings results on Feb 13, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $1.209B. Analysts had an estimated revenue of $1.220B. Earnings per share were $0.44. Analysts had estimated an EPS of $0.43.

Several Insider Transactions has been reported to the SEC. On Nov 7, 2016, Lee S Wielansky (director) purchased 5,000 shares at $12.19 per share price.Also, On Nov 7, 2016, James R Seward (director) purchased 5,000 shares at $12.46 per share price.On Nov 7, 2016, Frank M Bumstead (director) purchased 15,000 shares at $12.03 per share price, according to the Form-4 filing with the securities and exchange commission.

Brookdale Senior Living Inc. operates senior living communities in the United States. The Company operates independent assisted living and dementia-care communities and continuing care retirement centers (CCRCs). The Company has five operating segments: Retirement Centers; Assisted Living; CCRCs – Rental; Brookdale Ancillary Services and Management Services. The Company’s Retirement Centers segment provides senior independent and assisted living services in its retirement center communities. The Company’s Assisted Living segment offers housing and assisted living services to mid-acuity frail and elderly residents. The Company’s CCRCs – Rental segment provides living arrangements and services for various types of health. The Brookdale Ancillary Services segment provides home health therapy and other ancillary services and education and wellness programs. The Management Services segment operates communities owned by third parties or by the Company’s unconsolidated ventures.

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