Brookdale Senior Living (NYSE:BKD) Trading 6% Higher After Analyst Upgrade

Brookdale Senior Living Inc. (NYSE:BKD)’s share price shot up 6% during mid-day trading on Thursday after Royal Bank Of Canada raised their price target on the stock from $13.00 to $17.00. Royal Bank Of Canada currently has an outperform rating on the stock. Brookdale Senior Living traded as high as $14.11 and last traded at $13.8970. 2,374,261 shares were traded during mid-day trading, a decline of 50% from the average session volume of 4,706,575 shares. The stock had previously closed at $13.11.

A number of other brokerages have also recently issued reports on BKD. Citigroup upgraded shares of Brookdale Senior Living to a “buy” rating in a research report on Tuesday, January 6th. Bank of America raised shares of Brookdale Senior Living from an “underperform” rating to a “buy” rating and upped 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 report on Wednesday, January 21st. 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. Finally, Barclays increased their price target on Brookdale Senior Living to $15.00 and gave the stock an “overweight” rating in a research report on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $13.25.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. ANTIPODES PARTNERS Ltd lifted its stake in shares of Brookdale Senior Living by 3.4% during the second quarter. ANTIPODES PARTNERS Ltd now owns 14,151,773 shares of the company’s stock valued at $98,504,000 after acquiring an additional 467,273 shares during the period. Wellington Management Group LLP raised its holdings in Brookdale Senior Living by 24.5% during the 3rd quarter. Wellington Management Group LLP now owns 11,609,307 shares of the company’s stock worth $98,331,000 after purchasing an additional 2,282,151 shares during the last quarter. Maple Rock Capital Partners Inc. acquired a new position in Brookdale Senior Living during the 2nd quarter valued at about $45,804,000. Bank of America Corp DE boosted its stake in shares of Brookdale Senior Living by 3.8% in the 2nd quarter. Bank of America Corp DE now owns 6,507,559 shares of the company’s stock valued at $45,293,000 after purchasing an additional 238,042 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of 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 buying an additional 838,862 shares during the period.

Brookdale Senior Living Stock Performance

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 company has a market cap of $3.56 billion, a price-to-earnings ratio of -11.45 and a beta of 0.67. The firm’s 50-day moving average price is $11.33 and its 200 day moving average price is $9.35.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). The company had revenue of $813.17 million for the quarter, compared to analyst estimates of $825.59 million. Brookdale Senior Living had a negative return on equity of 173.75% and a negative net margin of 9.52%. On average, sell-side 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.