The stock of Brookdale Senior Living, Inc. (BKD) shows a multiple bottoms pattern with $14.69 target or 5.00% below today’s $15.46 share price. The 9 months chart pattern indicates high risk for the $3.31B company. It was reported on Jan, 11 by Finviz.com. If the $14.69 price target is reached, the company will be worth $165.50 million less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%. About 1.39M shares traded hands. Brookdale Senior Living, Inc. (NYSE:BKD) has declined 19.48% since June 7, 2016 and is downtrending. It has underperformed by 26.90% the S&P500.
Analysts await Brookdale Senior Living, Inc. (NYSE:BKD) to report earnings on February, 13. They expect $0.57 EPS, down 1.72% or $0.01 from last year’s $0.58 per share. BKD’s profit will be $122.04M for 6.78 P/E if the $0.57 EPS becomes a reality. After $0.51 actual EPS reported by Brookdale Senior Living, Inc. for the previous quarter, Wall Street now forecasts 11.76% EPS growth.
Brookdale Senior Living, Inc. (NYSE:BKD) Ratings Coverage
Out of 7 analysts covering Brookdale Senior Living (NYSE:BKD), 2 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 29% are positive. $44 is the highest target while $16 is the lowest. The $26.17 average target is 69.28% above today’s ($15.46) stock price. Brookdale Senior Living has been the topic of 18 analyst reports since August 5, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock with “Top Pick” rating in Wednesday, August 5 report. The stock of Brookdale Senior Living, Inc. (NYSE:BKD) has “Equal-Weight” rating given on Wednesday, January 6 by Barclays Capital. RBC Capital Markets downgraded Brookdale Senior Living, Inc. (NYSE:BKD) on Wednesday, November 2 to “Outperform” rating. RBC Capital Markets maintained the shares of BKD in a report on Friday, November 6 with “Top Pick” rating. JMP Securities maintained Brookdale Senior Living, Inc. (NYSE:BKD) rating on Wednesday, August 24. JMP Securities has “Market Outperform” rating and $29 price target. The rating was maintained by Jefferies with “Buy” on Wednesday, August 5. Stifel Nicolaus downgraded the stock to “Hold” rating in Wednesday, August 5 report. The stock has “Market Perform” rating given by Wells Fargo on Wednesday, November 2. Jefferies downgraded Brookdale Senior Living, Inc. (NYSE:BKD) on Friday, November 11 to “Hold” rating. The company was maintained on Wednesday, August 5 by Barclays Capital.
According to Zacks Investment Research, “Brookdale Senior Living Inc. is a leading owner and operator of senior living facilities throughout the United States. The Company is committed to providing an exceptional living experience through properties that are designed, purpose-built and operated to provide the highest-quality service, care and living accommodations for residents. The Company owns and operates independent, assisted and dementia-care facilities.”
Insitutional Activity: The institutional sentiment decreased to 0.96 in 2016 Q3. Its down 0.09, from 1.05 in 2016Q2. The ratio dropped, as 36 funds sold all Brookdale Senior Living, Inc. shares owned while 66 reduced positions. 19 funds bought stakes while 79 increased positions. They now own 191.40 million shares or 1.05% more from 189.41 million shares in 2016Q2.
Blackrock Group Limited reported 1.86 million shares or 0.02% of all its holdings. Advisory Inc holds 2.04M shares or 0.3% of its portfolio. Jnba Advsrs reported 320 shares or 0% of all its holdings. Global X Limited Liability Company, a New York-based fund reported 248 shares. Hbk Invs L P last reported 0.01% of its portfolio in the stock. Millennium Mgmt Limited Co, a New York-based fund reported 1.77M shares. First Personal Financial last reported 0% of its portfolio in the stock. Schwab Charles Mngmt Incorporated holds 798,377 shares or 0.02% of its portfolio. Northern Tru owns 889,625 shares or 0% of their US portfolio. Wells Fargo And Mn accumulated 0% or 97,583 shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 0% or 6,182 shares. Edge Wealth Mngmt Ltd Liability owns 2,000 shares or 0.01% of their US portfolio. Citigroup holds 0% or 3,337 shares in its portfolio. D E Shaw Com, a New York-based fund reported 2.19M shares. Blackrock Advsrs Lc has invested 0.08% of its portfolio in Brookdale Senior Living, Inc. (NYSE:BKD).
Insider Transactions: Since November 4, 2016, the stock had 3 buys, and 0 selling transactions for $303,675 net activity. The insider SEWARD JAMES R bought 5,000 shares worth $62,284. 15,000 shares were bought by BUMSTEAD FRANK M, worth $180,416 on Friday, November 4. WIELANSKY LEE S bought $60,975 worth of stock or 5,000 shares.
BKD Company Profile
Brookdale Senior Living Inc., incorporated on June 28, 2005, is engaged in the operation of senior living communities in the United States. The Firm operates independent living, assisted living and dementia-care communities, and continuing care retirement centers (CCRCs). The Firm has five divisions: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services, and Management Services. The Company’s Retirement Centers segment includes owned or leased communities that are designed for middle to upper income seniors. The Company’s Assisted Living segment includes owned or leased communities that offer housing and around the clock assistance with activities of daily life to mid-acuity frail and elderly residents. The Company’s CCRCs-Rental segment includes owned or leased communities that offer a range of living arrangements and services to accommodate all levels of physical ability and health. The Company’s Brookdale Ancillary Services segment includes the outpatient therapy, home health and hospice services provided to residents of many of the Company’s communities, to other senior living communities that the Company does not own or operate and to seniors living outside of the Company’s communities. The Company’s Management Services segment includes communities operated by the Company pursuant to management agreements.
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