Analysts Set Brookdale Senior Living Inc. (NYSE:BKD) PT at $7.75

Brookdale Senior Living Inc. (NYSE:BKD) has received a consensus rating of “Moderate Buy” from the four brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $7.75.

BKD has been the topic of several research analyst reports. Macquarie reissued an “outperform” rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a research report on Wednesday, October 9th. Jefferies Financial Group started coverage on shares of Brookdale Senior Living in a report on Wednesday, October 16th. They issued a “buy” rating and a $8.00 price target on the stock. Bank of America lowered shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $7.75 to $6.00 in a research report on Monday, October 7th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $9.00 target price on shares of Brookdale Senior Living in a research report on Wednesday, October 9th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Adelante Capital Management LLC purchased a new position in Brookdale Senior Living during the 3rd quarter valued at about $12,076,000. Josh Arnold Investment Consultant LLC grew its stake in Brookdale Senior Living by 38.9% during the third quarter. Josh Arnold Investment Consultant LLC now owns 125,000 shares of the company’s stock valued at $849,000 after acquiring an additional 35,000 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Brookdale Senior Living by 35.8% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 794,800 shares of the company’s stock worth $5,397,000 after acquiring an additional 209,400 shares during the period. Quantbot Technologies LP purchased a new stake in Brookdale Senior Living in the 3rd quarter worth approximately $218,000. Finally, FMR LLC boosted its holdings in Brookdale Senior Living by 25.3% in the 3rd quarter. FMR LLC now owns 180,045 shares of the company’s stock valued at $1,223,000 after purchasing an additional 36,302 shares during the period.

Brookdale Senior Living Trading Down 2.0 %

Shares of Brookdale Senior Living stock opened at $5.33 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 14.46. The stock has a fifty day simple moving average of $6.30 and a 200 day simple moving average of $6.80. Brookdale Senior Living has a 12-month low of $4.39 and a 12-month high of $8.12. The company has a market capitalization of $1.06 billion, a P/E ratio of -5.79 and a beta of 1.32.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $784.17 million for the quarter, compared to analysts’ expectations of $785.61 million. During the same quarter last year, the firm posted ($0.22) earnings per share. On average, sell-side analysts anticipate that Brookdale Senior Living will post -0.7 earnings per share for the current fiscal year.

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.