Brookdale Senior Living (NYSE:BKD) Coverage Initiated by Analysts at Barclays

Barclays initiated coverage on shares of Brookdale Senior Living (NYSE:BKD) in a report published on Tuesday morning, Marketbeat reports. The brokerage issued an equal weight rating and a $7.00 target price on the stock.

A number of other equities research analysts also recently weighed in on BKD. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $8.00 target price on shares of Brookdale Senior Living in a research note on Thursday, February 20th. Macquarie restated an “outperform” rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $7.40.

Brookdale Senior Living Trading Down 2.3 %

Brookdale Senior Living stock opened at $6.12 on Tuesday. The company has a debt-to-equity ratio of 20.05, a quick ratio of 0.88 and a current ratio of 0.88. Brookdale Senior Living has a fifty-two week low of $4.45 and a fifty-two week high of $8.12. The stock has a market cap of $1.22 billion, a P/E ratio of -6.87 and a beta of 1.31. The firm’s fifty day moving average price is $5.46 and its 200-day moving average price is $5.62.

Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Tuesday, February 18th. The company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates 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%. Equities research analysts forecast that Brookdale Senior Living will post -0.56 earnings per share for the current fiscal year.

Institutional Trading of Brookdale Senior Living

Several hedge funds and other institutional investors have recently bought and sold shares of BKD. R Squared Ltd bought a new stake in shares of Brookdale Senior Living in the 4th quarter worth approximately $33,000. Lazard Asset Management LLC raised its position in Brookdale Senior Living by 6,029.2% in the 4th quarter. Lazard Asset Management LLC now owns 9,868 shares of the company’s stock worth $49,000 after purchasing an additional 9,707 shares during the period. Crestline Management LP bought a new stake in Brookdale Senior Living in the fourth quarter worth $64,000. Freestone Grove Partners LP purchased a new stake in Brookdale Senior Living during the fourth quarter valued at about $65,000. Finally, Sherbrooke Park Advisers LLC purchased a new stake in Brookdale Senior Living during the fourth quarter valued at about $80,000.

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.