Brookdale Senior Living Inc. (NYSE:BKD) Given Average Rating of “Hold” by Brokerages

Brookdale Senior Living Inc. (NYSE:BKD) has been assigned an average rating of “Hold” from the five analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $7.40.

Several analysts have commented on the stock. Barclays began coverage on shares of Brookdale Senior Living in a research report on Tuesday, April 1st. They set an “equal weight” rating and a $7.00 price target for the company. Macquarie reaffirmed an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a research report on Wednesday, March 12th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a research report on Thursday, February 20th.

Institutional Investors Weigh In On Brookdale Senior Living

Institutional investors and hedge funds have recently made changes to their positions in the stock. Flat Footed LLC raised its stake in Brookdale Senior Living by 84.9% in the 4th quarter. Flat Footed LLC now owns 11,401,757 shares of the company’s stock worth $57,351,000 after acquiring an additional 5,235,078 shares during the last quarter. ANTIPODES PARTNERS Ltd raised its stake in shares of Brookdale Senior Living by 86.5% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 7,560,262 shares of the company’s stock worth $38,031,000 after purchasing an additional 3,507,044 shares during the last quarter. Rush Island Management LP lifted its holdings in shares of Brookdale Senior Living by 62.3% during the fourth quarter. Rush Island Management LP now owns 8,303,926 shares of the company’s stock worth $41,769,000 after purchasing an additional 3,187,294 shares during the period. Wellington Management Group LLP boosted its position in Brookdale Senior Living by 26.7% in the fourth quarter. Wellington Management Group LLP now owns 9,916,049 shares of the company’s stock valued at $49,878,000 after buying an additional 2,089,242 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its holdings in Brookdale Senior Living by 77.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 3,683,796 shares of the company’s stock worth $18,529,000 after buying an additional 1,609,997 shares during the period.

Brookdale Senior Living Price Performance

Shares of BKD opened at $5.59 on Tuesday. The company has a debt-to-equity ratio of 20.05, a quick ratio of 0.88 and a current ratio of 0.88. The company has a 50 day moving average price of $5.54 and a 200-day moving average price of $5.60. Brookdale Senior Living has a fifty-two week low of $4.45 and a fifty-two week high of $8.12. The stock has a market capitalization of $1.12 billion, a PE ratio of -6.28 and a beta of 0.87.

Brookdale Senior Living (NYSE:BKD) last posted its earnings results on Tuesday, February 18th. The company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $780.95 million for the quarter, compared to analysts’ expectations of $781.78 million. Equities analysts predict that Brookdale Senior Living will post -0.56 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.