Brookdale Senior Living’s (BKD) “Buy” Rating Reaffirmed at Royal Bank Of Canada
Brookdale Senior Living Inc. (NYSE:BKD)‘s stock had its “buy” rating reissued by equities researchers at Royal Bank Of Canada in a note issued to investors on Friday. They currently have a $19.00 price objective on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 87.93% from the stock’s current price.
Several other brokerages have also issued reports on BKD. BidaskClub lowered Brookdale Senior Living from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Zacks Investment Research lowered Brookdale Senior Living from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. Stifel Nicolaus lowered their target price on Brookdale Senior Living from $20.00 to $16.00 and set a “buy” rating for the company in a research report on Tuesday, August 8th. Jefferies Group LLC reaffirmed a “buy” rating and set a $16.50 target price on shares of Brookdale Senior Living in a research report on Friday, July 14th. Finally, ValuEngine lowered Brookdale Senior Living from a “buy” rating to a “hold” rating in a research report on Monday, August 28th. Five equities research analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $16.33.
Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Monday, August 7th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.79). The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.14 billion. Brookdale Senior Living had a positive return on equity of 6.00% and a negative net margin of 10.14%. The firm’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the prior year, the business earned ($0.19) earnings per share.
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Hedge funds and other institutional investors have recently made changes to their positions in the company. Harvest Fund Management Co. Ltd purchased a new position in shares of Brookdale Senior Living in the 2nd quarter worth approximately $101,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Brookdale Senior Living by 12.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,943 shares of the company’s stock worth $102,000 after buying an additional 761 shares during the last quarter. Opera Trading Capital purchased a new position in shares of Brookdale Senior Living in the 2nd quarter worth approximately $110,000. Independent Portfolio Consultants Inc. purchased a new position in shares of Brookdale Senior Living in the 2nd quarter worth approximately $151,000. Finally, Terra Nova Asset Management LLC purchased a new position in shares of Brookdale Senior Living in the 1st quarter worth approximately $134,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.
Brookdale Senior Living Company Profile
Brookdale Senior Living Inc operates senior living communities in the United States. The Company operates independent living, assisted living and dementia-care communities, and continuing care retirement centers (CCRCs). It operates through five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services and Management Services.
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