Brookdale Senior Living Inc. (NYSE:BKD) Receives Average Rating of “Moderate Buy” from Analysts

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

A number of equities analysts recently commented on the stock. Zacks Research cut shares of Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Stephens initiated coverage on shares of Brookdale Senior Living in a research note on Thursday, April 9th. They issued an “overweight” rating and a $18.00 price objective for the company. Compass Point initiated coverage on Brookdale Senior Living in a research report on Monday, June 15th. They set a “buy” rating and a $22.00 target price for the company. Finally, Weiss Ratings cut Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th.

Brookdale Senior Living Stock Up 4.4%

Shares of BKD opened at $15.13 on Friday. The company has a market cap of $3.61 billion, a PE ratio of -17.60 and a beta of 0.58. The business has a fifty day moving average of $14.04 and a 200 day moving average of $13.97. Brookdale Senior Living has a 52-week low of $6.99 and a 52-week high of $17.09.

Brookdale Senior Living (NYSE:BKD) last posted 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). Brookdale Senior Living had a negative net margin of 6.51% and a negative return on equity of 15,050.32%. The firm had revenue of $764.86 million for the quarter, compared to the consensus estimate of $771.16 million. As a group, research analysts anticipate that Brookdale Senior Living will post -0.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Brookdale Senior Living

Several hedge funds have recently bought and sold shares of BKD. WCM Investment Management LLC bought a new stake in shares of Brookdale Senior Living during the first quarter worth $171,681,000. Senator Investment Group LP bought a new position in shares of Brookdale Senior Living in the fourth quarter worth about $36,786,000. Eversept Partners LP increased its stake in Brookdale Senior Living by 851.8% in the 1st quarter. Eversept Partners LP now owns 3,568,555 shares of the company’s stock worth $48,818,000 after buying an additional 3,193,626 shares during the period. Wellington Management Group LLP increased its stake in Brookdale Senior Living by 24.5% in the 3rd quarter. Wellington Management Group LLP now owns 11,609,307 shares of the company’s stock worth $98,331,000 after buying an additional 2,282,151 shares during the period. Finally, Maple Rock Capital Partners Inc. lifted its holdings in Brookdale Senior Living by 34.9% during the 4th quarter. Maple Rock Capital Partners Inc. now owns 8,497,048 shares of the company’s stock valued at $91,683,000 after buying an additional 2,199,000 shares in the last quarter.

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.