Barclays Maintains Overweight on Brookdale Senior Living, Lowers Price Target to $17

Brookdale Senior Living shares are trading lower after the company reported worse-than-expected Q2 sales results. Also, Barclays lowered its price target on the stock from $18 to $17.

Brookdale Senior Living Q2 EPS $0.10 Beats $(0.06) Estimate, Sales $718.583M Miss $732.785M Estimate

Brookdale Senior Living (NYSE:BKD) reported quarterly earnings of $0.10 per share which beat the analyst consensus estimate of $(0.06) by 300 percent. This is a 155.56 percent increase over losses of $(0.18) per share

Brookdale Senior Living Announces Acquisition Of 17 Leased Communities And Refinances All Mortgage Debt Maturities Until 2028; To Buy 17 Senior Living Communities For $157M

735-unit portfolio acquisition expands owned real estate platform and reduces leased portfolio$249 million fixed-rate financing proactively addresses all remaining mortgage debt maturities until 2028BRENTWOOD, Tenn.,