Brookdale Senior Living (NYSE:BKD) Reaches New 12-Month High on Analyst Upgrade

Brookdale Senior Living Inc. (NYSE:BKD) hit a new 52-week high on Tuesday after Bank of America upgraded the stock from an underperform rating to a buy rating. Bank of America now has a $13.00 price target on the stock, up from their previous price target of $6.75. Brookdale Senior Living traded as high as $11.52 and last traded at $11.4950, with a volume of 401373 shares trading hands. The stock had previously closed at $10.84.

Several other research analysts have also recently issued reports on BKD. Barclays raised Brookdale Senior Living from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $8.00 to $14.00 in a research report on Monday, November 10th. Wall Street Zen upgraded shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a research note on Sunday, November 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Brookdale Senior Living in a research note on Wednesday, October 8th. Royal Bank Of Canada raised their price target on Brookdale Senior Living from $9.00 to $13.00 and gave the company an “outperform” rating in a report on Monday, November 17th. Finally, Citigroup raised shares of Brookdale Senior Living to a “buy” rating in a report on Tuesday. Five research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Brookdale Senior Living currently has an average rating of “Moderate Buy” and an average price target of $12.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Larson Financial Group LLC acquired a new position in Brookdale Senior Living in the third quarter worth $59,000. Strs Ohio acquired a new position in shares of Brookdale Senior Living during the 1st quarter valued at $61,000. Covestor Ltd raised its position in Brookdale Senior Living by 55.8% in the third quarter. Covestor Ltd now owns 9,576 shares of the company’s stock worth $81,000 after acquiring an additional 3,428 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Brookdale Senior Living during the third quarter valued at approximately $85,000. Finally, Levin Capital Strategies L.P. acquired a new stake in shares of Brookdale Senior Living during the 3rd quarter valued at $85,000.

Brookdale Senior Living Price Performance

The stock has a 50 day moving average of $10.51 and a two-hundred day moving average of $8.74. The company has a debt-to-equity ratio of 39.87, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market cap of $2.67 billion, a PE ratio of -8.58 and a beta of 0.67.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.04). Brookdale Senior Living had a negative return on equity of 173.75% and a negative net margin of 9.52%.The business had revenue of $813.17 million during the quarter, compared to analysts’ expectations of $825.59 million. Equities analysts anticipate that Brookdale Senior Living Inc. will post -0.56 EPS for the current year.

Brookdale Senior Living Company Profile

Brookdale Senior Living Inc (NYSE: BKD) is one of the nation’s largest operators of senior living communities, offering a full spectrum of living options that includes independent living, assisted living, memory care, continuing care retirement communities, respite care and skilled nursing services. The company emphasizes programs and amenities that support wellness, social engagement and overall quality of life for older adults.

Across the United States and Puerto Rico, Brookdale manages more than 700 communities serving tens of thousands of residents.