Brookdale Senior Living Inc. (NYSE:BKD) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Brookdale Senior Living Inc. (NYSE:BKD) have received an average recommendation of “Moderate Buy” from the four ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $7.75.

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

Institutional Investors Weigh In On Brookdale Senior Living

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Diversified Trust Co lifted its stake in Brookdale Senior Living by 4.8% during the first quarter. Diversified Trust Co now owns 39,511 shares of the company’s stock worth $261,000 after purchasing an additional 1,811 shares during the last quarter. ProShare Advisors LLC lifted its stake in shares of Brookdale Senior Living by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 33,502 shares of the company’s stock valued at $221,000 after acquiring an additional 2,637 shares during the last quarter. Mackenzie Financial Corp lifted its stake in shares of Brookdale Senior Living by 9.2% in the 2nd quarter. Mackenzie Financial Corp now owns 31,971 shares of the company’s stock valued at $218,000 after acquiring an additional 2,697 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of Brookdale Senior Living by 25.0% in the 1st quarter. Lazard Asset Management LLC now owns 13,966 shares of the company’s stock valued at $92,000 after acquiring an additional 2,790 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Brookdale Senior Living by 15.8% in the 2nd quarter. Principal Financial Group Inc. now owns 24,845 shares of the company’s stock valued at $170,000 after acquiring an additional 3,390 shares during the last quarter.

Brookdale Senior Living Price Performance

Brookdale Senior Living stock opened at $6.18 on Wednesday. Brookdale Senior Living has a 12 month low of $3.66 and a 12 month high of $8.12. The stock’s 50 day moving average is $6.65 and its 200-day moving average is $6.88. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 11.21. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of -8.03 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 (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04). The company 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 in the prior year, the company earned ($0.15) earnings per share. Equities research analysts expect that Brookdale Senior Living will post -0.57 EPS for the current 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.