Brookdale Senior Living (NYSE:BKD) Price Target Raised to $17.00

Brookdale Senior Living (NYSE:BKDFree Report) had its price target boosted by Royal Bank Of Canada from $13.00 to $17.00 in a report issued on Thursday morning, Marketbeat reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Other analysts have also issued research reports about the company. Wall Street Zen upgraded Brookdale Senior Living from a “sell” rating to a “hold” rating in a report on Sunday, November 23rd. Citigroup upgraded Brookdale Senior Living to a “buy” rating in a report on Tuesday, January 6th. Bank of America raised Brookdale Senior Living from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $6.75 to $13.00 in a research note on Tuesday, January 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brookdale Senior Living in a research note on Wednesday, January 21st. Finally, Barclays upped their target price on Brookdale Senior Living to $15.00 and gave the company an “overweight” rating in a report on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $13.25.

View Our Latest Analysis on BKD

Brookdale Senior Living Stock Performance

BKD opened at $15.00 on Thursday. Brookdale Senior Living has a 1-year low of $4.45 and a 1-year high of $15.06. The stock’s 50 day simple moving average is $11.33 and its 200 day simple moving average is $9.36. The stock has a market cap of $3.56 billion, a P/E ratio of -11.45 and a beta of 0.67. The company has a debt-to-equity ratio of 39.87, a current ratio of 0.84 and a quick ratio of 0.84.

Brookdale Senior Living (NYSE:BKDGet Free Report) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). The firm had revenue of $813.17 million for the quarter, compared to analyst estimates of $825.59 million. Brookdale Senior Living had a negative net margin of 9.52% and a negative return on equity of 173.75%. As a group, equities analysts anticipate that Brookdale Senior Living will post -0.56 EPS for the current fiscal year.

Institutional Trading of Brookdale Senior Living

Large investors have recently added to or reduced their stakes in the business. Maple Rock Capital Partners Inc. bought a new position in shares of Brookdale Senior Living during the 2nd quarter valued at $45,804,000. Assenagon Asset Management S.A. increased its position in Brookdale Senior Living by 192.4% during the third quarter. Assenagon Asset Management S.A. now owns 3,821,952 shares of the company’s stock worth $32,372,000 after buying an additional 2,514,884 shares during the last quarter. Mason Capital Management LLC acquired a new position in Brookdale Senior Living during the third quarter worth $20,971,000. Wellington Management Group LLP raised its holdings in Brookdale Senior Living by 24.5% during the third quarter. Wellington Management Group LLP now owns 11,609,307 shares of the company’s stock valued at $98,331,000 after buying an additional 2,282,151 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of Brookdale Senior Living by 124.0% in the third quarter. Millennium Management LLC now owns 2,477,684 shares of the company’s stock worth $20,986,000 after buying an additional 1,371,606 shares during the last quarter.

Key Stories Impacting Brookdale Senior Living

Here are the key news stories impacting Brookdale Senior Living this week:

Brookdale Senior Living Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Brookdale Senior Living (NYSE:BKD)

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