Brookdale Senior Living (NYSE:BKD) Rating Reiterated by Royal Bank of Canada

Brookdale Senior Living (NYSE:BKD)‘s stock had its “outperform” rating restated by stock analysts at Royal Bank of Canada in a note issued to investors on Monday, Benzinga reports. They currently have a $9.00 target price on the stock. Royal Bank of Canada’s price target indicates a potential upside of 28.76% from the stock’s current price.

BKD has been the topic of a number of other research reports. StockNews.com lowered Brookdale Senior Living from a “hold” rating to a “sell” rating in a research note on Friday, June 7th. Macquarie initiated coverage on Brookdale Senior Living in a research note on Friday, June 28th. They set an “outperform” rating and a $7.50 price target on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $7.50.

Brookdale Senior Living Stock Performance

Shares of Brookdale Senior Living stock opened at $6.99 on Monday. The company has a market capitalization of $1.35 billion, a PE ratio of -9.08 and a beta of 1.31. The company has a debt-to-equity ratio of 10.23, a quick ratio of 0.84 and a current ratio of 0.84. The company has a 50-day simple moving average of $7.15 and a two-hundred day simple moving average of $6.65. Brookdale Senior Living has a one year low of $3.62 and a one year high of $8.12.

Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Thursday, August 8th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04). The firm had revenue of $777.54 million during the quarter. Brookdale Senior Living had a negative return on equity of 44.72% and a negative net margin of 5.71%. During the same period in the previous year, the company earned ($0.15) EPS. Research analysts expect that Brookdale Senior Living will post -0.52 EPS for the current fiscal year.

Institutional Investors Weigh In On Brookdale Senior Living

Several hedge funds have recently bought and sold shares of the stock. Sei Investments Co. purchased a new stake in Brookdale Senior Living in the 2nd quarter worth approximately $81,000. First Eagle Investment Management LLC boosted its position in Brookdale Senior Living by 1.4% in the 2nd quarter. First Eagle Investment Management LLC now owns 1,070,618 shares of the company’s stock worth $7,312,000 after purchasing an additional 15,000 shares in the last quarter. Highland Peak Capital LLC boosted its position in Brookdale Senior Living by 16.4% in the 2nd quarter. Highland Peak Capital LLC now owns 799,186 shares of the company’s stock worth $5,458,000 after purchasing an additional 112,567 shares in the last quarter. American Century Companies Inc. boosted its position 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, Headlands Technologies LLC acquired a new position in shares of Brookdale Senior Living during the 2nd quarter worth approximately $26,000.

About Brookdale Senior Living

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.