Brookdale Senior Living (BKD) Rating Lowered to Sell at Zacks Investment Research

Brookdale Senior Living (NYSE:BKD) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.

According to Zacks, “Brookdale Senior Living Inc. is a leading owner and operator of senior living facilities throughout the United States. The Company is committed to providing an exceptional living experience through properties that are designed, purpose-built and operated to provide the highest-quality service, care and living accommodations for residents. The Company owns and operates independent, assisted and dementia-care facilities. “

Several other research analysts have also recently commented on the stock. Stephens set a $16.00 target price on shares of Brookdale Senior Living and gave the stock a “buy” rating in a report on Monday, November 20th. Royal Bank of Canada cut their price target on shares of Brookdale Senior Living from $16.00 to $13.00 and set an “outperform” rating for the company in a research note on Wednesday, November 8th. Stifel Nicolaus cut their price target on shares of Brookdale Senior Living from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Tuesday, November 7th. Finally, Jefferies Group set a $14.00 price target on shares of Brookdale Senior Living and gave the company a “buy” rating in a research note on Friday, October 20th. Three analysts have rated the stock with a sell rating and five have given a buy rating to the company. Brookdale Senior Living presently has a consensus rating of “Hold” and an average price target of $15.42.

Shares of Brookdale Senior Living (BKD) traded down $0.16 on Wednesday, reaching $9.24. 2,411,400 shares of the company traded hands, compared to its average volume of 1,727,133. Brookdale Senior Living has a fifty-two week low of $8.78 and a fifty-two week high of $16.31. The firm has a market capitalization of $1,740.00, a PE ratio of -2.01 and a beta of 1.73. The company has a debt-to-equity ratio of 3.23, a current ratio of 0.83 and a quick ratio of 0.83.

Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Monday, November 6th. The company reported ($2.22) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($1.97). Brookdale Senior Living had a negative return on equity of 0.79% and a negative net margin of 17.85%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the company posted ($0.28) EPS. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year. equities research analysts predict that Brookdale Senior Living will post -3.43 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. boosted its stake in shares of Brookdale Senior Living by 16.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,149,597 shares of the company’s stock valued at $16,911,000 after purchasing an additional 166,486 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Brookdale Senior Living by 18.0% in the 2nd quarter. Legal & General Group Plc now owns 217,240 shares of the company’s stock valued at $3,196,000 after acquiring an additional 33,144 shares in the last quarter. Utah Retirement Systems increased its stake in shares of Brookdale Senior Living by 0.3% in the 2nd quarter. Utah Retirement Systems now owns 33,642 shares of the company’s stock valued at $494,000 after acquiring an additional 100 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased 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 valued at $102,000 after acquiring an additional 761 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Brookdale Senior Living by 13.7% in the 2nd quarter. Principal Financial Group Inc. now owns 27,284 shares of the company’s stock valued at $401,000 after acquiring an additional 3,294 shares in the last quarter. Hedge funds and other institutional investors own 99.60% of the company’s stock.

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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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