Brookdale Senior Living’s (BKD) “Outperform” Rating Reiterated at Macquarie

Macquarie reiterated their outperform rating on shares of Brookdale Senior Living (NYSE:BKD) in a research report released on Friday morning,Benzinga reports. Macquarie currently has a $8.00 price objective on the stock.

Several other equities research analysts have also recently issued reports on BKD. Jefferies Financial Group initiated 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 objective for the company. Bank of America downgraded Brookdale Senior Living from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $7.75 to $6.00 in a report on Monday, October 7th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a report on Friday. Two analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat.com, Brookdale Senior Living has a consensus rating of “Hold” and a consensus price target of $7.50.

Brookdale Senior Living Price Performance

Brookdale Senior Living stock opened at $5.13 on Friday. The company’s 50 day moving average is $5.73 and its two-hundred day moving average is $6.51. The firm has a market cap of $1.02 billion, a PE ratio of -5.58 and a beta of 1.29. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 14.46. Brookdale Senior Living has a 52-week low of $4.89 and a 52-week high of $8.12.

Brookdale Senior Living (NYSE:BKD) last released its earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The company had revenue of $784.17 million during the quarter, compared to analysts’ expectations of $785.61 million. Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 59.06%. During the same quarter last year, the business posted ($0.22) earnings per share. On average, research analysts expect that Brookdale Senior Living will post -0.7 EPS for the current fiscal year.

Insider Buying and Selling at Brookdale Senior Living

In other news, Director Lee S. Wielansky sold 10,000 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $5.62, for a total transaction of $56,200.00. Following the completion of the sale, the director now owns 211,382 shares in the company, valued at approximately $1,187,966.84. This represents a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is owned by company insiders.

Institutional Trading of Brookdale Senior Living

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its holdings in shares of Brookdale Senior Living by 449.5% in the third quarter. Principal Financial Group Inc. now owns 136,531 shares of the company’s stock valued at $927,000 after purchasing an additional 111,686 shares during the period. Vision Capital Corp grew its position in Brookdale Senior Living by 27.8% in the 3rd quarter. Vision Capital Corp now owns 1,838,440 shares of the company’s stock valued at $12,483,000 after buying an additional 400,000 shares during the last quarter. Teachers Retirement System of The State of Kentucky acquired a new position in Brookdale Senior Living in the 3rd quarter valued at $1,775,000. Victory Capital Management Inc. raised its position in Brookdale Senior Living by 5.5% during the 3rd quarter. Victory Capital Management Inc. now owns 2,765,590 shares of the company’s stock worth $18,778,000 after buying an additional 145,283 shares during the last quarter. Finally, Anson Funds Management LP lifted its stake in shares of Brookdale Senior Living by 261.6% in the 3rd quarter. Anson Funds Management LP now owns 452,000 shares of the company’s stock worth $3,069,000 after acquiring an additional 327,000 shares during the period.

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.