Brookdale Senior Living Inc. (NYSE:BKD) Receives $7.67 Consensus Price Target from Brokerages

Brookdale Senior Living Inc. (NYSE:BKD) has been assigned a consensus rating of “Moderate Buy” from the four brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $7.75.

A number of equities analysts have recently issued reports on BKD shares. Macquarie reiterated an “outperform” rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $9.00 price objective on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Bank of America downgraded shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $7.75 to $6.00 in a research note on Monday, October 7th. Finally, Jefferies Financial Group started coverage on shares of Brookdale Senior Living in a research note on Wednesday. They set a “buy” rating and a $8.00 price objective on the stock.

Brookdale Senior Living Price Performance

Shares of BKD stock opened at $6.58 on Wednesday. The company has a debt-to-equity ratio of 11.21, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market capitalization of $1.27 billion, a P/E ratio of -8.55 and a beta of 1.31. The company’s 50-day simple moving average is $6.68 and its two-hundred day simple moving average is $6.88. Brookdale Senior Living has a one year low of $3.66 and a one year high of $8.12.

Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Thursday, August 8th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04). The company had revenue of $777.54 million during 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 earned ($0.15) EPS. As a group, equities analysts anticipate that Brookdale Senior Living will post -0.57 EPS for the current year.

Institutional Investors Weigh In On Brookdale Senior Living

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Diversified Trust Co lifted its position in Brookdale Senior Living by 4.8% during the first quarter. Diversified Trust Co now owns 39,511 shares of the company’s stock valued at $261,000 after acquiring an additional 1,811 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of 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 buying an additional 2,637 shares during the last quarter. Mackenzie Financial Corp raised its holdings in shares of Brookdale Senior Living by 9.2% in the second quarter. Mackenzie Financial Corp now owns 31,971 shares of the company’s stock worth $218,000 after buying an additional 2,697 shares during the last quarter. Lazard Asset Management LLC raised its holdings in shares of Brookdale Senior Living by 25.0% in the first quarter. Lazard Asset Management LLC now owns 13,966 shares of the company’s stock worth $92,000 after buying an additional 2,790 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Brookdale Senior Living by 15.8% in the second quarter. Principal Financial Group Inc. now owns 24,845 shares of the company’s stock worth $170,000 after buying 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.