Brookdale Senior Living Inc. (NYSE:BKD) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Brookdale Senior Living Inc. (NYSE:BKD) has earned a consensus rating of “Moderate Buy” from the four research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $7.75.

Several equities research analysts have weighed in on BKD shares. Macquarie reaffirmed an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a research report on Wednesday, October 9th. Jefferies Financial Group assumed coverage on shares of 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $9.00 target price on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Finally, Bank of America downgraded shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $7.75 to $6.00 in a research note on Monday, October 7th.

Institutional Trading of Brookdale Senior Living

Hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in Brookdale Senior Living by 449.5% in the 3rd quarter. Principal Financial Group Inc. now owns 136,531 shares of the company’s stock valued at $927,000 after buying an additional 111,686 shares during the period. Vision Capital Corp grew its holdings in Brookdale Senior Living by 27.8% during the 3rd quarter. Vision Capital Corp now owns 1,838,440 shares of the company’s stock worth $12,483,000 after acquiring an additional 400,000 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in Brookdale Senior Living during the 2nd quarter worth about $9,603,000. Victory Capital Management Inc. boosted its stake in shares of Brookdale Senior Living by 5.5% in the 3rd quarter. Victory Capital Management Inc. now owns 2,765,590 shares of the company’s stock valued at $18,778,000 after purchasing an additional 145,283 shares during the last quarter. Finally, Lee Danner & Bass Inc. bought a new position in Brookdale Senior Living during the 2nd quarter worth approximately $3,265,000.

Brookdale Senior Living Price Performance

NYSE:BKD opened at $5.68 on Thursday. The business’s 50-day moving average is $5.95 and its 200 day moving average is $6.64. 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 has a 12 month low of $5.08 and a 12 month high of $8.12. The company has a market capitalization of $1.13 billion, a P/E ratio of -6.17 and a beta of 1.29.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The firm had revenue of $784.17 million during the quarter, compared to the consensus estimate of $785.61 million. Brookdale Senior Living had a negative return on equity of 59.06% and a negative net margin of 6.75%. During the same period last year, the company earned ($0.22) EPS. On average, equities research analysts forecast that Brookdale Senior Living will post -0.7 earnings per share for the current fiscal year.

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.