Brookdale Senior Living (NYSE:BKD) Receives Outperform Rating from Royal Bank of Canada

Royal Bank of Canada reaffirmed their outperform rating on shares of Brookdale Senior Living (NYSE:BKD) in a report issued on Thursday morning,Benzinga reports. Royal Bank of Canada currently has a $8.00 price objective on the stock.

Separately, Macquarie restated an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a research report on Friday, December 20th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $7.50.

Brookdale Senior Living Trading Down 1.0 %

BKD opened at $5.40 on Thursday. Brookdale Senior Living has a 52 week low of $4.45 and a 52 week high of $8.12. The business has a fifty day simple moving average of $4.98 and a 200-day simple moving average of $5.83. The firm has a market cap of $1.08 billion, a P/E ratio of -6.06 and a beta of 1.29. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 20.05.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings results on Tuesday, February 18th. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.21). Brookdale Senior Living had a negative return on equity of 65.92% and a negative net margin of 6.46%. The firm had revenue of $780.95 million for the quarter, compared to analysts’ expectations of $781.78 million. On average, equities analysts expect that Brookdale Senior Living will post -0.56 earnings per share for the current year.

Insider Activity

In other Brookdale Senior Living news, Director Lee S. Wielansky sold 10,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $5.62, for a total value of $56,200.00. Following the sale, the director now directly owns 211,382 shares in the company, valued at $1,187,966.84. This trade represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.80% of the company’s stock.

Institutional Trading of Brookdale Senior Living

Hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. raised its stake in 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 buying an additional 111,686 shares in the last quarter. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Brookdale Senior Living during the third quarter worth about $1,775,000. Vision Capital Corp increased its position in shares of Brookdale Senior Living by 27.8% during the third quarter. Vision Capital Corp now owns 1,838,440 shares of the company’s stock worth $12,483,000 after purchasing an additional 400,000 shares in the last quarter. Hedges Asset Management LLC increased its position in shares of Brookdale Senior Living by 28.0% during the fourth quarter. Hedges Asset Management LLC now owns 265,000 shares of the company’s stock worth $1,333,000 after purchasing an additional 58,000 shares in the last quarter. Finally, Hennessy Advisors Inc. increased its position in shares of Brookdale Senior Living by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 1,499,600 shares of the company’s stock worth $7,543,000 after purchasing an additional 95,700 shares in 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.