Brookdale Senior Living (NYSE:BKD) Stock Rating Reaffirmed by Macquarie

Brookdale Senior Living (NYSE:BKD)‘s stock had its “outperform” rating reissued by equities researchers at Macquarie in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $8.00 price target on the stock. Macquarie’s price objective would indicate a potential upside of 21.21% from the stock’s current price.

A number of other equities research analysts have also commented on BKD. StockNews.com lowered Brookdale Senior Living from a “hold” rating to a “sell” rating in a research report on Friday, June 7th. Royal Bank of Canada restated an “outperform” rating and set a $9.00 price target on shares of Brookdale Senior Living in a report on Monday, August 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $7.67.

Brookdale Senior Living Trading Down 2.8 %

Shares of BKD traded down $0.19 during midday trading on Tuesday, hitting $6.60. The stock had a trading volume of 2,447,910 shares, compared to its average volume of 1,962,750. The business has a 50-day simple moving average of $7.06 and a two-hundred day simple moving average of $6.91. The firm has a market cap of $1.27 billion, a P/E ratio of -8.57 and a beta of 1.31. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 11.21. Brookdale Senior Living has a fifty-two week low of $3.62 and a fifty-two week high of $8.12.

Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Thursday, August 8th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.04). The firm had revenue of $777.54 million for the quarter. Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 51.31%. During the same quarter in the prior year, the business posted ($0.15) earnings per share. As a group, equities analysts forecast that Brookdale Senior Living will post -0.57 EPS for the current year.

Institutional Investors Weigh In On Brookdale Senior Living

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Brookdale Senior Living by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 18,051,166 shares of the company’s stock worth $105,058,000 after buying an additional 169,751 shares during the last quarter. BNP Paribas Financial Markets grew its position in Brookdale Senior Living by 70.5% in the first quarter. BNP Paribas Financial Markets now owns 2,194,198 shares of the company’s stock worth $14,504,000 after acquiring an additional 907,157 shares in the last quarter. Iron Triangle Partners LP increased its stake in shares of Brookdale Senior Living by 14.7% during the 4th quarter. Iron Triangle Partners LP now owns 4,859,607 shares of the company’s stock worth $28,283,000 after purchasing an additional 623,479 shares during the last quarter. Berylson Capital Partners LLC bought a new position in shares of Brookdale Senior Living during the 4th quarter valued at $1,397,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Brookdale Senior Living in the 2nd quarter valued at $9,603,000.

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.