Brookdale Senior Living (NYSE:BKD) Earns “Outperform” Rating from Macquarie

Brookdale Senior Living (NYSE:BKD)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Macquarie in a research report issued on Friday,Benzinga reports. They presently have a $8.00 price objective on the stock. Macquarie’s price objective indicates a potential upside of 55.95% from the stock’s previous close.

BKD has been the subject of a number of other reports. Bank of America lowered shares of 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 research note on Monday, October 7th. Jefferies Financial Group initiated coverage on Brookdale Senior Living in a research report on Wednesday, October 16th. They set a “buy” rating and a $8.00 price objective for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $8.00 target price on shares of Brookdale Senior Living in a research report on Friday. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $7.50.

Brookdale Senior Living Stock Performance

Shares of BKD opened at $5.13 on Friday. The company has a market cap of $1.02 billion, a price-to-earnings ratio of -5.58 and a beta of 1.29. The business’s fifty day simple moving average is $5.73 and its two-hundred day simple moving average is $6.52. Brookdale Senior Living has a 12 month low of $4.89 and a 12 month high of $8.12. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 14.46.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $784.17 million during the quarter, compared to the consensus estimate of $785.61 million. During the same quarter in the prior year, the firm earned ($0.22) earnings per share. Research analysts anticipate that Brookdale Senior Living will post -0.7 earnings per share for the current fiscal year.

Insider Activity at Brookdale Senior Living

In related news, Director Lee S. Wielansky sold 10,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $5.62, for a total value of $56,200.00. Following the completion of the sale, the director now directly owns 211,382 shares of the company’s stock, valued at approximately $1,187,966.84. This represents a 4.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Brookdale Senior Living

A number of hedge funds have recently modified their holdings of the company. Mackenzie Financial Corp lifted its stake in shares of Brookdale Senior Living by 9.2% during the 2nd 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. Principal Financial Group Inc. boosted its stake in shares of Brookdale Senior Living by 15.8% in the second quarter. Principal Financial Group Inc. now owns 24,845 shares of the company’s stock worth $170,000 after acquiring an additional 3,390 shares during the period. nVerses Capital LLC purchased a new stake in shares of Brookdale Senior Living during the second quarter worth about $25,000. Headlands Technologies LLC purchased a new stake in shares of Brookdale Senior Living during the second quarter worth about $26,000. Finally, SG Americas Securities LLC lifted its holdings in Brookdale Senior Living by 13.8% in the 3rd quarter. SG Americas Securities LLC now owns 43,053 shares of the company’s stock worth $292,000 after purchasing an additional 5,208 shares in the last quarter.

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.