Compass Point Upgrades Brookdale Senior Living (NYSE:BKD) to Strong-Buy

Brookdale Senior Living (NYSE:BKD) was upgraded by Compass Point to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other analysts have also recently commented on BKD. Weiss Ratings cut shares of Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Zacks Research cut shares of Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Royal Bank Of Canada restated an “outperform” rating on shares of Brookdale Senior Living in a research report on Friday, February 20th. Finally, Stephens started coverage on Brookdale Senior Living in a report on Thursday, April 9th. They issued an “overweight” rating and a $18.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.60.

Brookdale Senior Living Stock Performance

Shares of Brookdale Senior Living stock opened at $13.56 on Monday. The stock has a market capitalization of $3.24 billion, a P/E ratio of -15.77 and a beta of 0.63. Brookdale Senior Living has a 52-week low of $6.59 and a 52-week high of $17.09. The stock’s 50-day simple moving average is $13.34 and its 200 day simple moving average is $13.15.

Brookdale Senior Living (NYSE:BKD) last issued its earnings results 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 business had revenue of $764.86 million for the quarter, compared to the consensus estimate of $771.16 million. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 6.51%. Equities research analysts forecast that Brookdale Senior Living will post -0.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Brookdale Senior Living

Large investors have recently modified their holdings of the company. Osaic Holdings Inc. grew its stake in Brookdale Senior Living by 7.1% during the second quarter. Osaic Holdings Inc. now owns 20,177 shares of the company’s stock valued at $140,000 after acquiring an additional 1,331 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Brookdale Senior Living by 1.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 109,632 shares of the company’s stock worth $1,500,000 after purchasing an additional 1,436 shares in the last quarter. Quantinno Capital Management LP lifted its stake in Brookdale Senior Living by 4.5% in the 1st quarter. Quantinno Capital Management LP now owns 48,383 shares of the company’s stock worth $662,000 after purchasing an additional 2,095 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in Brookdale Senior Living by 5.9% in the 1st quarter. Pictet Asset Management Holding SA now owns 38,801 shares of the company’s stock valued at $531,000 after purchasing an additional 2,160 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Brookdale Senior Living by 44,583.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company’s stock valued at $29,000 after purchasing an additional 2,675 shares during the period.

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.