Brookdale Senior Living (BKD) 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 research note issued to investors on Tuesday.

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. “

BKD has been the subject of several other reports. Jefferies Group set a $14.00 price target on Brookdale Senior Living and gave the company a “buy” rating in a report on Friday, October 20th. Stifel Nicolaus lowered their price target on Brookdale Senior Living from $16.00 to $14.00 and set a “buy” rating for the company in a report on Tuesday, November 7th. Royal Bank of Canada lowered their price target on Brookdale Senior Living from $16.00 to $13.00 and set an “outperform” rating for the company in a report on Wednesday, November 8th. Finally, Stephens set a $16.00 price target on Brookdale Senior Living and gave the company a “buy” rating in a report on Monday, November 20th. Three investment analysts have rated the stock with a sell rating and four have given a buy rating to the company. Brookdale Senior Living currently has an average rating of “Hold” and an average target price of $14.60.

Brookdale Senior Living (NYSE:BKD) traded down $0.09 during mid-day trading on Tuesday, hitting $9.41. The stock had a trading volume of 2,026,729 shares, compared to its average volume of 2,892,648. The firm has a market cap of $1,750.00, a P/E ratio of -2.05 and a beta of 1.64. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 3.23. Brookdale Senior Living has a 1-year low of $8.78 and a 1-year high of $16.23.

Large investors have recently bought and sold shares of the business. Merriman Wealth Management LLC purchased a new position in Brookdale Senior Living in the 3rd quarter valued at about $108,000. Dorsey & Whitney Trust CO LLC purchased a new position in Brookdale Senior Living in the 3rd quarter valued at about $122,000. State of Alaska Department of Revenue purchased a new position in Brookdale Senior Living in the 4th quarter valued at about $148,000. Nine Chapters Capital Management LLC purchased a new position in Brookdale Senior Living in the 3rd quarter valued at about $171,000. Finally, GSA Capital Partners LLP purchased a new position in Brookdale Senior Living in the 2nd quarter valued at about $252,000. 99.18% of the stock is owned by institutional investors.

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About Brookdale Senior Living

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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