Brookdale Senior Living Inc. (NYSE:BKD) Given Consensus Rating of “Moderate Buy” by Analysts

Brookdale Senior Living Inc. (NYSE:BKD) has earned an average rating of “Moderate Buy” from the four brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $7.75.

Several research firms have recently weighed in on BKD. Bank of America cut 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 research note on Monday, October 7th. Jefferies Financial Group assumed coverage on shares of Brookdale Senior Living in a research note on Wednesday, October 16th. They set a “buy” rating and a $8.00 target price on the stock. 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. Finally, Royal Bank of Canada restated an “outperform” rating and set a $9.00 price objective on shares of Brookdale Senior Living in a research report on Wednesday, October 9th.

Hedge Funds Weigh In On Brookdale Senior Living

Institutional investors and hedge funds have recently made changes to their positions in the business. Intech Investment Management LLC purchased a new position in shares of Brookdale Senior Living during the 3rd quarter worth $408,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in Brookdale Senior Living by 41.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 376,519 shares of the company’s stock valued at $2,557,000 after purchasing an additional 110,130 shares in the last quarter. Quest Partners LLC purchased a new position in Brookdale Senior Living during the third quarter valued at $104,000. Victory Capital Management Inc. grew its holdings in Brookdale Senior Living by 5.5% during the third quarter. Victory Capital Management Inc. now owns 2,765,590 shares of the company’s stock valued at $18,778,000 after purchasing an additional 145,283 shares during the period. Finally, Aigen Investment Management LP increased its position in Brookdale Senior Living by 69.5% in the third quarter. Aigen Investment Management LP now owns 25,960 shares of the company’s stock worth $176,000 after buying an additional 10,647 shares in the last quarter.

Brookdale Senior Living Stock Performance

Shares of Brookdale Senior Living stock opened at $5.50 on Friday. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of -5.98 and a beta of 1.32. The company has a debt-to-equity ratio of 11.21, a current ratio of 0.79 and a quick ratio of 0.79. Brookdale Senior Living has a 1 year low of $4.04 and a 1 year high of $8.12. The firm’s 50-day moving average is $6.42 and its 200 day moving average is $6.84.

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 analysts’ consensus estimates of ($0.16) by ($0.06). Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 55.91%. The firm had revenue of $784.17 million for the quarter, compared to analysts’ expectations of $785.61 million. During the same quarter in the previous year, the company earned ($0.22) EPS. Sell-side analysts anticipate that Brookdale Senior Living will post -0.57 EPS for the current fiscal year.

Brookdale Senior Living Company Profile

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.