Royal Bank of Canada Reaffirms “Outperform” Rating for Brookdale Senior Living (NYSE:BKD)

Royal Bank of Canada restated their outperform rating on shares of Brookdale Senior Living (NYSE:BKD) in a report issued on Wednesday morning, Benzinga reports. They currently have a $9.00 price objective on the stock.

A number of other research analysts have also recently issued reports on the stock. Macquarie reaffirmed an outperform rating and issued a $8.00 price target on shares of Brookdale Senior Living in a report on Tuesday, October 1st. Bank of America lowered Brookdale Senior Living from a neutral rating to an underperform rating and reduced their target price for the stock from $7.75 to $6.00 in a research note on Monday, October 7th. Two investment analysts have rated the stock with a sell rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $7.67.

Brookdale Senior Living Stock Up 1.7 %

Shares of BKD stock opened at $5.91 on Wednesday. The stock’s fifty day moving average price is $6.75 and its 200 day moving average price is $6.89. The company has a debt-to-equity ratio of 11.21, a current ratio of 0.79 and a quick ratio of 0.79. Brookdale Senior Living has a 1-year low of $3.66 and a 1-year high of $8.12. The company has a market cap of $1.14 billion, a price-to-earnings ratio of -7.68 and a beta of 1.31.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04). The business 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 quarter last year, the firm earned ($0.15) EPS. On average, research analysts expect that Brookdale Senior Living will post -0.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. nVerses Capital LLC purchased a new position in shares of Brookdale Senior Living during the 2nd quarter valued at about $25,000. Headlands Technologies LLC purchased a new position in Brookdale Senior Living during the second quarter valued at approximately $26,000. Innealta Capital LLC acquired a new position in Brookdale Senior Living in the second quarter valued at approximately $52,000. Sei Investments Co. acquired a new position in Brookdale Senior Living in the second quarter valued at approximately $81,000. Finally, Lazard Asset Management LLC boosted its position in Brookdale Senior Living by 25.0% in the 1st quarter. Lazard Asset Management LLC now owns 13,966 shares of the company’s stock worth $92,000 after purchasing an additional 2,790 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.