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

Brookdale Senior Living (NYSE:BKD)‘s stock had its “outperform” rating reissued by Macquarie in a research report issued on Wednesday, Benzinga reports. They currently have a $8.00 target price on the stock. Macquarie’s target price would indicate a potential upside of 39.37% from the stock’s previous close.

BKD has been the subject of a number of other reports. Royal Bank of Canada reissued an “outperform” rating and set a $9.00 target price on shares of Brookdale Senior Living in a research report on Wednesday. Bank of America downgraded Brookdale Senior Living from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $7.75 to $6.00 in a research report on Monday. Two investment analysts have rated the stock with a sell rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $7.67.

Brookdale Senior Living Stock Up 1.1 %

NYSE BKD traded up $0.06 on Wednesday, reaching $5.74. The company had a trading volume of 3,270,623 shares, compared to its average volume of 2,043,763. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 11.21. The stock has a market capitalization of $1.11 billion, a P/E ratio of -7.45 and a beta of 1.31. The company’s fifty day moving average is $6.86 and its 200 day moving average is $6.91. Brookdale Senior Living has a 52-week low of $3.66 and a 52-week high of $8.12.

Brookdale Senior Living (NYSE:BKD) last posted its earnings results on Thursday, August 8th. The company reported ($0.17) 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 return on equity of 51.31% and a negative net margin of 6.75%. During the same quarter in the prior year, the company posted ($0.15) earnings per share. Sell-side analysts anticipate that Brookdale Senior Living will post -0.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Brookdale Senior Living

Hedge funds have recently added to or reduced their stakes in the company. Diversified Trust Co raised its position in Brookdale Senior Living by 4.8% in the 1st quarter. Diversified Trust Co now owns 39,511 shares of the company’s stock worth $261,000 after purchasing an additional 1,811 shares during the period. ProShare Advisors LLC raised its holdings in Brookdale Senior Living by 8.5% in the first quarter. ProShare Advisors LLC now owns 33,502 shares of the company’s stock worth $221,000 after purchasing an additional 2,637 shares in the last quarter. Mackenzie Financial Corp increased its stake in shares of Brookdale Senior Living by 9.2% in the 2nd quarter. Mackenzie Financial Corp now owns 31,971 shares of the company’s stock worth $218,000 after acquiring an additional 2,697 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Brookdale Senior Living by 25.0% during the first quarter. Lazard Asset Management LLC now owns 13,966 shares of the company’s stock valued at $92,000 after purchasing an additional 2,790 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Brookdale Senior Living by 15.8% during the second quarter. Principal Financial Group Inc. now owns 24,845 shares of the company’s stock valued at $170,000 after purchasing an additional 3,390 shares during the last quarter.

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.