Brookdale Senior Living’s (BKD) Outperform Rating Reiterated at Macquarie

Macquarie reiterated their outperform rating on shares of Brookdale Senior Living (NYSE:BKD) in a research note published on Wednesday morning,Benzinga reports. Macquarie currently has a $8.00 target price on the stock.

Separately, Royal Bank of Canada reissued an “outperform” rating and issued a $8.00 target price on shares of Brookdale Senior Living in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat.com, Brookdale Senior Living presently has a consensus rating of “Hold” and an average price target of $7.50.

Brookdale Senior Living Stock Up 4.7 %

Shares of NYSE:BKD opened at $6.08 on Wednesday. The stock’s 50-day moving average price is $5.17 and its 200-day moving average price is $5.72. Brookdale Senior Living has a 12-month low of $4.45 and a 12-month high of $8.12. The stock has a market capitalization of $1.22 billion, a P/E ratio of -6.83 and a beta of 1.31. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 20.05.

Brookdale Senior Living (NYSE:BKD) last posted its earnings results on Tuesday, February 18th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.21). The business had revenue of $780.95 million during the quarter, compared to the consensus estimate of $781.78 million. Brookdale Senior Living had a negative return on equity of 65.92% and a negative net margin of 6.46%. On average, equities analysts anticipate that Brookdale Senior Living will post -0.56 earnings per share for the current year.

Institutional Trading of Brookdale Senior Living

Large investors have recently bought and sold shares of the company. R Squared Ltd bought a new stake in Brookdale Senior Living during the 4th quarter valued at approximately $33,000. Lazard Asset Management LLC boosted its position in Brookdale Senior Living by 6,029.2% during the 4th quarter. Lazard Asset Management LLC now owns 9,868 shares of the company’s stock valued at $49,000 after acquiring an additional 9,707 shares in the last quarter. Crestline Management LP bought a new stake in Brookdale Senior Living during the 4th quarter valued at approximately $64,000. Freestone Grove Partners LP bought a new stake in Brookdale Senior Living during the 4th quarter valued at approximately $65,000. Finally, Quest Partners LLC bought a new stake in Brookdale Senior Living during the 3rd quarter valued at approximately $104,000.

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.