Brookdale Senior Living’s (BKD) “Outperform” Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reaffirmed their outperform rating on shares of Brookdale Senior Living (NYSE:BKD) in a report published on Friday morning,Benzinga reports. The brokerage currently has a $8.00 price objective on the stock.

BKD has been the topic of several other research reports. Jefferies Financial Group assumed coverage on Brookdale Senior Living in a report on Wednesday, October 16th. They set a “buy” rating and a $8.00 price target on the stock. Bank of America lowered shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $7.75 to $6.00 in a research note on Monday, October 7th. Finally, Macquarie reiterated an “outperform” rating and issued a $8.00 price target on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $7.50.

Brookdale Senior Living Trading Up 2.6 %

Shares of BKD stock opened at $5.13 on Friday. Brookdale Senior Living has a fifty-two week low of $4.89 and a fifty-two week high of $8.12. The company has a 50 day moving average price of $5.73 and a 200 day moving average price of $6.51. The stock has a market capitalization of $1.02 billion, a P/E ratio of -5.58 and a beta of 1.29. The company has a debt-to-equity ratio of 14.46, a quick ratio of 0.81 and a current ratio of 0.81.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The business had revenue of $784.17 million during the quarter, compared to analyst estimates 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 quarter last year, the firm earned ($0.22) EPS. Equities research analysts predict that Brookdale Senior Living will post -0.7 EPS for the current fiscal year.

Insider Activity

In related news, Director Lee S. Wielansky sold 10,000 shares of the stock in a transaction 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 transaction, the director now directly owns 211,382 shares of the company’s stock, valued at $1,187,966.84. This trade represents a 4.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Brookdale Senior Living

A number of institutional investors and hedge funds have recently bought and sold shares of BKD. nVerses Capital LLC acquired a new stake in shares of Brookdale Senior Living in the second quarter valued at approximately $25,000. Headlands Technologies LLC purchased a new stake in Brookdale Senior Living in the 2nd quarter valued at $26,000. Innealta Capital LLC acquired a new stake in Brookdale Senior Living during the 2nd quarter worth $52,000. Sei Investments Co. purchased a new position in Brookdale Senior Living during the 2nd quarter worth $81,000. Finally, ANTIPODES PARTNERS Ltd acquired a new position in Brookdale Senior Living in the second quarter valued at $100,000.

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.