Brookdale Senior Living Inc. (NYSE:BKD) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Brookdale Senior Living Inc. (NYSE:BKD) have been assigned a consensus recommendation of “Moderate Buy” from the four ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $7.75.

A number of research analysts recently issued reports on BKD shares. Macquarie reiterated an “outperform” rating and issued a $8.00 target price on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Jefferies Financial Group started coverage on Brookdale Senior Living in a report on Wednesday, October 16th. They issued a “buy” rating and a $8.00 target price for the company. Bank of America lowered Brookdale Senior Living from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $7.75 to $6.00 in a report on Monday, October 7th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $9.00 target price on shares of Brookdale Senior Living in a report on Wednesday, October 9th.

Institutional Trading of Brookdale Senior Living

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC raised its stake in Brookdale Senior Living by 13.8% in the third quarter. SG Americas Securities LLC now owns 43,053 shares of the company’s stock valued at $292,000 after buying an additional 5,208 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Brookdale Senior Living in the second quarter valued at $3,998,000. Algert Global LLC acquired a new stake in Brookdale Senior Living in the second quarter valued at $124,000. Mackenzie Financial Corp raised its stake in Brookdale Senior Living by 9.2% in the second quarter. Mackenzie Financial Corp now owns 31,971 shares of the company’s stock valued at $218,000 after buying an additional 2,697 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Brookdale Senior Living by 6.9% in the second quarter. The Manufacturers Life Insurance Company now owns 101,442 shares of the company’s stock valued at $693,000 after buying an additional 6,508 shares in the last quarter.

Brookdale Senior Living Trading Down 0.5 %

BKD opened at $6.58 on Wednesday. Brookdale Senior Living has a 52 week low of $3.66 and a 52 week high of $8.12. The business has a fifty day simple moving average of $6.68 and a 200-day simple moving average of $6.88. The firm has a market cap of $1.27 billion, a P/E ratio of -8.55 and a beta of 1.31. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 11.21.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.04). The firm had revenue of $777.54 million for the quarter. Brookdale Senior Living had a negative return on equity of 51.31% and a negative net margin of 6.75%. During the same period in the prior year, the company posted ($0.15) EPS. On average, equities analysts expect that Brookdale Senior Living will post -0.57 earnings per share for the current year.

About Brookdale Senior Living

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.