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

Brookdale Senior Living Inc. (NYSE:BKD) has been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $16.50.

BKD has been the topic of several research analyst reports. Weiss Ratings cut shares of Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. Zacks Research lowered shares of Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Stephens began coverage on shares of Brookdale Senior Living in a research note on Thursday, April 9th. They set an “overweight” rating and a $18.00 target price for the company. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Brookdale Senior Living in a research note on Friday, February 20th.

Brookdale Senior Living Stock Performance

NYSE BKD opened at $11.86 on Friday. Brookdale Senior Living has a twelve month low of $6.48 and a twelve month high of $17.09. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of -13.79 and a beta of 0.63. The firm’s 50 day moving average price is $13.47 and its two-hundred day moving average price is $13.05.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 6.51%.The firm had revenue of $764.86 million for the quarter, compared to analysts’ expectations of $771.16 million. On average, research analysts forecast that Brookdale Senior Living will post -0.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Brookdale Senior Living

Institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd boosted its stake 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 valued at $29,000 after buying an additional 2,675 shares during the period. Larson Financial Group LLC acquired a new stake in shares of Brookdale Senior Living during the 3rd quarter valued at $59,000. Strs Ohio acquired a new stake in shares of Brookdale Senior Living during the 1st quarter valued at $61,000. FNY Investment Advisers LLC acquired a new stake in shares of Brookdale Senior Living during the 4th quarter valued at $62,000. Finally, KBC Group NV acquired a new stake in shares of Brookdale Senior Living during the 4th quarter valued at $84,000.

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.