The board of National HealthCare Corp. has authorized a new $25 million stock buyback plan that will expire at the end of August of 2015. The plan replaces one of the same size that expired last month. NHC (Ticker: NHC) did not buy back any shares under the old plan.
Cowen & Co. analyst Sam Margolin has turned more bullish on Delek US Holdings, hiking his rating to 'outperform' from 'market perform' and lifting his price target to $43 from $32. Among his reasons for optimism are better numbers from Delek's Arkansas and Texas refineries as well as greater contributions from its Delek Logistics affiliate and a stronger cash position. Delek shares (Ticker: DK) are up 3 percent to about $33.60 today and have climbed 17 percent in the past five sessions.
At Stifel Nicolaus, analyst Dan Bernstein has reiterated his buy on shares of Brookdale Senior Living and hiked his price target to $40 from $38. Brookdale shares (Ticker: BKD) are changing hands around $33.35.
Edward Plank at Jefferies & Co. has begun covering shares of shoe and hat retailer Genesco with a 'hold' rating and little expectation that the company's shares (Ticker: GCO) will go anywhere in the next couple of quarters. Plank's price target for Nashville-based Genesco is $82, barely a buck above where the shares have traded over the past few days.
RBC Capital Markets analyst Frank Morgan has lifted his price target for shares of Community Health Systems to $74 from $60 on the heels of the company's Q2 profit report and a general jump in investor optimism about the hospital space. CHS shares (Ticker: CYH) closed Tuesday trading at $48 and change and have climbed more than 20 percent year to date. Morgan last week also gave his LifePoint Hospitals target a big push.
At Hilliard Lyons, John Roberts has raised his rating on shares of National Health Investors to 'neutral' from 'underperform.' The move comes after NHI reported strong Q2 numbers. The company's shares (Ticker: NHI) have barely budged in the past three months. They closed Tuesday at $61.37.
As part of its recent acquisition of rival Emeritus, the leadership team of Brookdale Senior Living has tweaked its executive lineup. Executive Vice President and Treasurer Kristin Ferge has added the chief accounting officer title to her name and taken over the principal accounting officer role from President and CFO Mark Ohlendorf. Ferge has been with Brookdale since mid-2005, when she joined the Brentwood-based company from Alterra Healthcare.
National Health Investors has reported second-quarter normalized adjusted funds from operations of $31.1 million versus $23.9 million in the spring of 2013. Per diluted shares, normalized adjusted FFO was 94 cents, an increase of 9 percent from a year ago. Revenues soared to $44.2 million versus $27.1 million, largely because of acquisitions.
In the last hour of trading Monday, NHI shares (Ticker: NHI) are trading up about 1 percent to $60.37. Year to date, they're up about 8 percent.
Brookdale Senior Living has put a bow on its acquisition of rival Emeritus, a nearly $3 billion deal that creates a company with more than 1,100 properties in 46 states. As part of the purchase, Emeritus President and CEO Granger Cobb, pictured here, has joined the board of Brentwood-based Brookdale.
SEE ALSO: Brookdale inks Emeritus purchase deal from back in February
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