Brookdale Senior Living (NYSE:BKD) Stock Rating Lowered by Zacks Research

Brookdale Senior Living (NYSE:BKD) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on the stock. Barclays upped their price target on shares of Brookdale Senior Living to $18.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. Bank of America raised shares of Brookdale Senior Living from an “underperform” rating to a “buy” rating and upped their price target for the company from $6.75 to $13.00 in a report on Tuesday, January 6th. Citigroup raised shares of Brookdale Senior Living to a “buy” rating in a report on Tuesday, January 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Brookdale Senior Living in a report on Monday. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Brookdale Senior Living in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $16.50.

Brookdale Senior Living Stock Up 2.4%

Shares of BKD opened at $13.43 on Tuesday. The firm has a 50-day moving average price of $14.44 and a 200 day moving average price of $12.17. The firm has a market capitalization of $3.19 billion, a PE ratio of -12.10 and a beta of 0.73. Brookdale Senior Living has a 52-week low of $5.96 and a 52-week high of $17.09.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Wednesday, February 18th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). Brookdale Senior Living had a negative net margin of 8.22% and a negative return on equity of 305.28%. The business had revenue of $754.09 million during the quarter, compared to analyst estimates of $753.60 million. On average, equities analysts expect that Brookdale Senior Living will post -0.04 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BKD. Caitong International Asset Management Co. Ltd boosted its holdings 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 period. Larson Financial Group LLC acquired a new position in shares of Brookdale Senior Living in the third quarter worth about $59,000. Strs Ohio acquired a new position in shares of Brookdale Senior Living in the first quarter worth about $61,000. FNY Investment Advisers LLC acquired a new position in shares of Brookdale Senior Living in the fourth quarter worth about $62,000. Finally, Covestor Ltd boosted its holdings in shares of Brookdale Senior Living by 55.8% in the third quarter. Covestor Ltd now owns 9,576 shares of the company’s stock worth $81,000 after buying an additional 3,428 shares during the period.

About Brookdale Senior Living

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.