Brookdale Senior Living Inc. (NYSE:BKD) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Brookdale Senior Living Inc. (NYSE:BKD) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $17.60.

BKD has been the topic of a number of recent research reports. Weiss Ratings downgraded Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Stephens initiated coverage on Brookdale Senior Living in a research note on Thursday, April 9th. They issued an “overweight” rating and a $18.00 target price on the stock. Compass Point initiated coverage on Brookdale Senior Living in a research note on Monday, June 15th. They issued a “buy” rating and a $22.00 target price on the stock. Finally, Zacks Research downgraded Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st.

Brookdale Senior Living Stock Performance

Shares of BKD stock opened at $15.87 on Tuesday. The stock’s 50-day simple moving average is $13.45 and its 200-day simple moving average is $13.40. The firm has a market capitalization of $3.79 billion, a PE ratio of -18.45 and a beta of 0.63. Brookdale Senior Living has a fifty-two week low of $6.65 and a fifty-two week high of $17.09.

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

Institutional Trading of Brookdale Senior Living

Hedge funds 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% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company’s stock worth $29,000 after buying an additional 2,675 shares during the last quarter. Strs Ohio purchased a new stake in shares of Brookdale Senior Living in the first quarter worth about $70,000. FNY Investment Advisers LLC purchased a new stake in shares of Brookdale Senior Living in the fourth quarter worth about $62,000. Larson Financial Group LLC purchased a new stake in shares of Brookdale Senior Living in the third quarter worth about $59,000. Finally, KBC Group NV purchased a new stake in shares of Brookdale Senior Living in the fourth quarter worth about $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.