Brokerages Set Brookdale Senior Living Inc. (NYSE:BKD) Target Price at $13.25

Brookdale Senior Living Inc. (NYSE:BKD) has been given an average rating of “Moderate Buy” by the six brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $14.00.

A number of analysts have issued reports on BKD shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookdale Senior Living in a research note on Wednesday, January 21st. Royal Bank Of Canada lifted their price objective on shares of Brookdale Senior Living from $13.00 to $17.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. Barclays upped their target price on shares of Brookdale Senior Living to $18.00 and gave the stock an “overweight” rating in a research note on Tuesday. Wall Street Zen raised shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Sunday, November 23rd. Finally, Citigroup upgraded shares of Brookdale Senior Living to a “buy” rating in a research note on Tuesday, January 6th.

Institutional Investors Weigh In On Brookdale Senior Living

Several large investors have recently bought and sold shares of the stock. ANTIPODES PARTNERS Ltd boosted its stake in shares of Brookdale Senior Living by 3.4% in the 2nd quarter. ANTIPODES PARTNERS Ltd now owns 14,151,773 shares of the company’s stock valued at $98,504,000 after buying an additional 467,273 shares during the period. Wellington Management Group LLP raised its holdings in Brookdale Senior Living by 24.5% in the third quarter. Wellington Management Group LLP now owns 11,609,307 shares of the company’s stock valued at $98,331,000 after acquiring an additional 2,282,151 shares in the last quarter. Maple Rock Capital Partners Inc. purchased a new position in Brookdale Senior Living in the second quarter worth approximately $45,804,000. Bank of America Corp DE grew its holdings in Brookdale Senior Living by 3.8% during the 2nd quarter. Bank of America Corp DE now owns 6,507,559 shares of the company’s stock worth $45,293,000 after acquiring an additional 238,042 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Brookdale Senior Living by 18.5% during the 2nd quarter. Geode Capital Management LLC now owns 5,361,195 shares of the company’s stock worth $37,320,000 after acquiring an additional 838,862 shares in the last quarter.

Brookdale Senior Living Stock Down 6.0%

Shares of NYSE BKD opened at $14.89 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 39.87. The business’s 50 day moving average is $11.58 and its two-hundred day moving average is $9.52. Brookdale Senior Living has a 52-week low of $4.45 and a 52-week high of $16.37. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of -11.37 and a beta of 0.70.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). Brookdale Senior Living had a negative net margin of 9.52% and a negative return on equity of 173.75%. The firm had revenue of $813.17 million during the quarter, compared to analyst estimates of $825.59 million. Research analysts predict that Brookdale Senior Living 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.