Brookdale Senior Living Inc. (NYSE:BKD) Receives Average Recommendation of “Moderate Buy” from Brokerages

Brookdale Senior Living Inc. (NYSE:BKD) has been assigned an average rating of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $16.00.

Several brokerages recently commented on BKD. 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. Bank of America raised shares of Brookdale Senior Living from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $6.75 to $13.00 in a research note on Tuesday, January 6th. Barclays upped their price objective on Brookdale Senior Living to $18.00 and gave the stock an “overweight” rating in a report on Tuesday, February 3rd. Citigroup raised Brookdale Senior Living to a “buy” rating in a research report on Tuesday, January 6th. Finally, Zacks Research upgraded Brookdale Senior Living from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th.

Hedge Funds Weigh In On Brookdale Senior Living

Several hedge funds and other institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd grew its holdings in shares of Brookdale Senior Living by 44,583.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company’s stock worth $29,000 after purchasing an additional 2,675 shares during the period. Larson Financial Group LLC acquired a new stake in Brookdale Senior Living during the 3rd quarter worth approximately $59,000. Strs Ohio purchased a new position in Brookdale Senior Living in the first quarter valued at approximately $61,000. FNY Investment Advisers LLC purchased a new position in Brookdale Senior Living in the fourth quarter valued at approximately $62,000. Finally, Covestor Ltd lifted its position in Brookdale Senior Living by 55.8% during the third quarter. Covestor Ltd now owns 9,576 shares of the company’s stock valued at $81,000 after buying an additional 3,428 shares in the last quarter.

Brookdale Senior Living Trading Down 2.7%

NYSE BKD opened at $13.76 on Friday. Brookdale Senior Living has a 12 month low of $4.97 and a 12 month high of $17.09. The company has a 50-day moving average of $14.40 and a 200-day moving average of $11.23. The company has a debt-to-equity ratio of 39.87, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $3.27 billion, a P/E ratio of -12.39 and a beta of 0.68.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings data on Wednesday, February 18th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.01). Brookdale Senior Living had a negative return on equity of 305.28% and a negative net margin of 8.22%.The company had revenue of $754.09 million for the quarter, compared to analysts’ expectations of $753.60 million. As a group, equities analysts predict that Brookdale Senior Living will post -0.56 earnings per share 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.