Brookdale Senior Living (NYSE:BKD) Earns Outperform Rating from Macquarie

Brookdale Senior Living (NYSE:BKD)‘s stock had its “outperform” rating restated by research analysts at Macquarie in a note issued to investors on Wednesday,Benzinga reports. They currently have a $8.00 price objective on the stock. Macquarie’s price objective would suggest a potential upside of 38.05% from the company’s previous close.

Separately, Royal Bank of Canada restated an “outperform” rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat.com, Brookdale Senior Living has a consensus rating of “Hold” and a consensus target price of $7.50.

Brookdale Senior Living Price Performance

BKD stock opened at $5.80 on Wednesday. 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 1 year low of $4.45 and a 1 year high of $8.12. The firm has a market cap of $1.16 billion, a P/E ratio of -6.51 and a beta of 1.31. The stock has a 50-day simple moving average of $5.16 and a 200-day simple moving average of $5.72.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings data 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). Brookdale Senior Living had a negative net margin of 6.46% and a negative return on equity of 65.92%. The business had revenue of $780.95 million for the quarter, compared to analyst estimates of $781.78 million. On average, equities analysts predict that Brookdale Senior Living will post -0.56 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. R Squared Ltd bought a new position in Brookdale Senior Living during the 4th quarter worth approximately $33,000. Lazard Asset Management LLC lifted its holdings in Brookdale Senior Living by 6,029.2% during the 4th quarter. Lazard Asset Management LLC now owns 9,868 shares of the company’s stock worth $49,000 after buying an additional 9,707 shares during the last quarter. Crestline Management LP bought a new stake in shares of Brookdale Senior Living in the 4th quarter worth approximately $64,000. Freestone Grove Partners LP bought a new stake in shares of Brookdale Senior Living in the 4th quarter worth approximately $65,000. Finally, Quest Partners LLC bought a new stake in shares of Brookdale Senior Living in the 3rd quarter worth approximately $104,000.

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.