Brookdale Senior Living (NYSE:BKD) Research Coverage Started at Macquarie

Macquarie started coverage on shares of Brookdale Senior Living (NYSE:BKD) in a report released on Friday, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $7.50 price target on the stock.

Several other analysts have also recently commented on BKD. Royal Bank of Canada restated an outperform rating and issued a $9.00 target price on shares of Brookdale Senior Living in a research note on Tuesday, April 9th. StockNews.com cut shares of Brookdale Senior Living from a hold rating to a sell rating in a research note on Friday, June 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Brookdale Senior Living has an average rating of Hold and an average target price of $7.50.

Brookdale Senior Living Trading Up 3.2 %

Shares of Brookdale Senior Living stock opened at $6.83 on Friday. Brookdale Senior Living has a 1 year low of $3.43 and a 1 year high of $7.62. The company has a debt-to-equity ratio of 10.23, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market capitalization of $1.32 billion, a P/E ratio of -8.87 and a beta of 1.34. The company’s fifty day moving average is $6.81 and its two-hundred day moving average is $6.26.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings data on Tuesday, May 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.03. Brookdale Senior Living had a negative net margin of 5.71% and a negative return on equity of 44.72%. The company had revenue of $782.83 million for the quarter. Analysts forecast that Brookdale Senior Living will post -0.52 earnings per share for the current year.

Institutional Trading of Brookdale Senior Living

Several hedge funds and other institutional investors have recently made changes to their positions in BKD. Wellington Management Group LLP purchased a new position in Brookdale Senior Living during the 4th quarter valued at about $28,961,000. Iron Triangle Partners LP increased its holdings in Brookdale Senior Living by 21.4% during the 1st quarter. Iron Triangle Partners LP now owns 5,897,960 shares of the company’s stock valued at $38,986,000 after acquiring an additional 1,038,353 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Brookdale Senior Living by 70.5% during the 1st quarter. BNP Paribas Financial Markets now owns 2,194,198 shares of the company’s stock valued at $14,504,000 after acquiring an additional 907,157 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Brookdale Senior Living by 8.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,310,786 shares of the company’s stock valued at $54,191,000 after acquiring an additional 742,822 shares in the last quarter. Finally, Waterfront Capital Partners LLC grew its holdings in shares of Brookdale Senior Living by 36.5% during the fourth quarter. Waterfront Capital Partners LLC now owns 2,765,004 shares of the company’s stock worth $16,092,000 after buying an additional 740,004 shares in the last quarter.

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.