Brookdale Senior Living (NYSE:BKD) Stock Rating Cut to “Strong Sell” at Zacks Research

Brookdale Senior Living (NYSE:BKD) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “strong sell” rating in a research report issued on Monday, Zacks reports.

BKD has been the topic of several other research reports. Barclays dropped their target price on shares of Brookdale Senior Living from $17.00 to $14.00 and set an “overweight” rating on the stock in a report on Tuesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookdale Senior Living in a report on Monday, August 24th. Finally, Stephens lowered their price objective on Brookdale Senior Living from $17.00 to $12.00 and set an “overweight” rating for the company in a research report on Monday. Six analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $15.60.

Brookdale Senior Living Stock Performance

Brookdale Senior Living stock opened at $9.36 on Monday. Brookdale Senior Living has a 52-week low of $8.79 and a 52-week high of $17.09. The firm has a 50 day moving average price of $10.80 and a two-hundred day moving average price of $13.23.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings data on Friday, November 6th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Brookdale Senior Living had a negative net margin of 1.27% and a negative return on equity of 15,050.32%. The firm had revenue of $712.07 million during the quarter, compared to the consensus estimate of $721.26 million. Equities analysts expect that Brookdale Senior Living will post -0.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BKD. WCM Investment Management LLC bought a new stake in Brookdale Senior Living in the first quarter valued at $171,681,000. Wellington Management Group LLP grew its stake in shares of Brookdale Senior Living by 9.1% in the 2nd quarter. Wellington Management Group LLP now owns 9,633,343 shares of the company’s stock valued at $155,000,000 after buying an additional 802,736 shares during the period. Maple Rock Capital Partners Inc. grew its stake in shares of Brookdale Senior Living by 9.0% in the 2nd quarter. Maple Rock Capital Partners Inc. now owns 8,888,148 shares of the company’s stock valued at $143,010,000 after buying an additional 731,000 shares during the period. Renaissance Technologies LLC grew its stake in shares of Brookdale Senior Living by 20.4% in the 1st quarter. Renaissance Technologies LLC now owns 7,663,564 shares of the company’s stock valued at $104,838,000 after buying an additional 1,300,100 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Brookdale Senior Living by 3.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,194,941 shares of the company’s stock valued at $71,061,000 after buying an additional 173,454 shares in the last quarter.

About Brookdale Senior Living

Brookdale Senior Living Inc. operates senior living communities in the United States, serving older adults with a range of housing and care options. Its offerings include independent living, assisted living and memory care, with services tailored to residents’ needs and levels of independence. Community services may include meals, housekeeping, transportation, wellness programs and social activities, alongside personal assistance and specialized support for residents with memory-related conditions.