Brokerages Set Brookdale Senior Living Inc. (NYSE:BKD) Target Price at $7.50

Shares of Brookdale Senior Living Inc. (NYSE:BKD) have earned a consensus recommendation of “Hold” from the five brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $7.50.

BKD has been the subject of several recent analyst reports. Macquarie reiterated an “outperform” rating and issued a $8.00 target price on shares of Brookdale Senior Living in a report on Wednesday, March 12th. Royal Bank of Canada restated an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a report on Thursday, April 10th. Finally, Barclays raised their price target on shares of Brookdale Senior Living from $7.00 to $7.50 and gave the stock an “equal weight” rating in a report on Wednesday, April 16th.

Brookdale Senior Living Stock Performance

Shares of BKD opened at $6.38 on Friday. Brookdale Senior Living has a one year low of $4.45 and a one year high of $8.12. The company has a 50-day moving average of $5.91 and a two-hundred day moving average of $5.56. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of -7.17 and a beta of 0.87. The company has a debt-to-equity ratio of 20.05, a current ratio of 0.88 and a quick ratio of 0.88.

Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Tuesday, February 18th. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.21). Brookdale Senior Living had a negative return on equity of 65.92% and a negative net margin of 6.46%. The firm had revenue of $780.95 million during the quarter, compared to analyst estimates of $781.78 million. On average, equities research analysts expect that Brookdale Senior Living will post -0.56 earnings per share for the current year.

Institutional Trading of Brookdale Senior Living

Institutional investors have recently added to or reduced their stakes in the business. R Squared Ltd acquired a new stake in Brookdale Senior Living in the fourth quarter valued at approximately $33,000. GAMMA Investing LLC lifted its stake in Brookdale Senior Living by 1,999.4% in the first quarter. GAMMA Investing LLC now owns 7,180 shares of the company’s stock valued at $45,000 after acquiring an additional 6,838 shares during the last quarter. Lazard Asset Management LLC lifted its stake in Brookdale Senior Living by 6,029.2% in the fourth quarter. Lazard Asset Management LLC now owns 9,868 shares of the company’s stock valued at $49,000 after acquiring an additional 9,707 shares during the last quarter. Crestline Management LP acquired a new stake in Brookdale Senior Living in the fourth quarter valued at approximately $64,000. Finally, Freestone Grove Partners LP acquired a new stake in Brookdale Senior Living in the fourth quarter valued at approximately $65,000.

About Brookdale Senior Living

Brookdale Senior Living Inc owns, manages, and operates senior living communities in the United States. It operates in three segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). The Independent Living segment owns or leases communities comprising independent and assisted living units in a single community that are primarily designed for middle to upper income seniors.