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

Shares of Brookdale Senior Living Inc. (NYSE:BKD) have received an average recommendation of “Moderate Buy” from the four ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $7.75.

A number of equities analysts have recently issued reports on BKD shares. Macquarie reiterated an “outperform” rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $9.00 target price on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Bank of America downgraded shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $7.75 to $6.00 in a research note on Monday, October 7th. Finally, Jefferies Financial Group began coverage on shares of Brookdale Senior Living in a research note on Wednesday, October 16th. They issued a “buy” rating and a $8.00 price objective for the company.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Adelante Capital Management LLC purchased a new stake in Brookdale Senior Living in the 3rd quarter worth approximately $12,076,000. Assenagon Asset Management S.A. bought a new stake in Brookdale Senior Living in the second quarter valued at $9,603,000. Hennessy Advisors Inc. bought a new stake in Brookdale Senior Living in the second quarter valued at $8,513,000. American Century Companies Inc. raised its holdings in Brookdale Senior Living by 63.6% in the 2nd quarter. American Century Companies Inc. now owns 3,159,898 shares of the company’s stock worth $21,582,000 after purchasing an additional 1,228,473 shares in the last quarter. Finally, Iron Triangle Partners LP raised its holdings in Brookdale Senior Living by 21.4% in the 1st quarter. Iron Triangle Partners LP now owns 5,897,960 shares of the company’s stock worth $38,986,000 after purchasing an additional 1,038,353 shares in the last quarter.

Brookdale Senior Living Stock Performance

Shares of BKD opened at $5.33 on Friday. Brookdale Senior Living has a 12-month low of $4.39 and a 12-month high of $8.12. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 14.46. The company has a market cap of $1.06 billion, a PE ratio of -5.79 and a beta of 1.32. The stock has a 50-day moving average price of $6.30 and a 200-day moving average price of $6.80.

Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The company had revenue of $784.17 million for the quarter, compared to the consensus estimate of $785.61 million. Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 59.06%. During the same quarter in the previous year, the firm earned ($0.22) earnings per share. As a group, equities analysts forecast that Brookdale Senior Living will post -0.7 earnings per share for the current fiscal year.

Brookdale Senior Living Company Profile

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.