Macquarie Reiterates “Outperform” Rating for Brookdale Senior Living (NYSE:BKD)

Macquarie reaffirmed their outperform rating on shares of Brookdale Senior Living (NYSE:BKD) in a research report report published on Friday morning,Benzinga reports. The brokerage currently has a $8.00 price objective on the stock.

A number of other equities research analysts also recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Brookdale Senior Living in a research report on Wednesday, October 16th. They set a “buy” rating and a $8.00 price target for the company. Bank of America downgraded Brookdale Senior Living from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $7.75 to $6.00 in a research report on Monday, October 7th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $8.00 price target on shares of Brookdale Senior Living in a research report on Friday. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $7.50.

Brookdale Senior Living Trading Up 2.6 %

Shares of BKD stock opened at $5.13 on Friday. The business’s fifty day moving average price is $5.73 and its 200 day moving average price is $6.51. The firm has a market capitalization of $1.02 billion, a PE ratio of -5.58 and a beta of 1.29. The company has a debt-to-equity ratio of 14.46, a current ratio of 0.81 and a quick ratio of 0.81. Brookdale Senior Living has a 1-year low of $4.89 and a 1-year high of $8.12.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). Brookdale Senior Living had a negative return on equity of 59.06% and a negative net margin of 6.75%. The company had revenue of $784.17 million for the quarter, compared to analyst estimates of $785.61 million. During the same period last year, the company earned ($0.22) earnings per share. As a group, sell-side analysts forecast that Brookdale Senior Living will post -0.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Lee S. Wielansky sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $5.62, for a total value of $56,200.00. Following the completion of the transaction, the director now owns 211,382 shares of the company’s stock, valued at $1,187,966.84. The trade was a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Brookdale Senior Living

Several hedge funds and other institutional investors have recently bought and sold shares of BKD. Principal Financial Group Inc. grew its position in shares of Brookdale Senior Living by 449.5% in the third quarter. Principal Financial Group Inc. now owns 136,531 shares of the company’s stock valued at $927,000 after purchasing an additional 111,686 shares during the period. Teachers Retirement System of The State of Kentucky acquired a new stake in Brookdale Senior Living in the 3rd quarter worth about $1,775,000. Geode Capital Management LLC boosted its stake in Brookdale Senior Living by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 4,365,480 shares of the company’s stock worth $29,648,000 after buying an additional 89,344 shares during the last quarter. Barclays PLC grew its holdings in Brookdale Senior Living by 339.9% in the 3rd quarter. Barclays PLC now owns 322,667 shares of the company’s stock valued at $2,192,000 after buying an additional 249,318 shares during the period. Finally, Anson Funds Management LP increased its stake in shares of Brookdale Senior Living by 261.6% during the 3rd quarter. Anson Funds Management LP now owns 452,000 shares of the company’s stock valued at $3,069,000 after acquiring an additional 327,000 shares during the last quarter.

Brookdale Senior Living Company Profile

Brookdale Senior Living Inc owns, manages, and operates senior living communities in the United States. It operates in three segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). The Independent Living segment owns or leases communities comprising independent and assisted living units in a single community that are primarily designed for middle to upper income seniors.