Brookdale Senior Living Inc. (NYSE:BKD) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Brookdale Senior Living Inc. (NYSE:BKD) have been assigned an average rating of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $16.50.

A number of research firms have recently issued reports on BKD. Stephens began coverage on shares of Brookdale Senior Living in a research report on Thursday, April 9th. They set an “overweight” rating and a $18.00 price target for the company. Barclays lifted their price target on shares of Brookdale Senior Living to $18.00 and gave the company an “overweight” rating in a research report on Tuesday, February 3rd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Brookdale Senior Living in a research report on Friday, February 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookdale Senior Living in a research report on Monday, April 20th. Finally, Zacks Research downgraded shares of Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st.

Institutional Investors Weigh In On Brookdale Senior Living

Hedge funds and other institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd lifted its position in shares of Brookdale Senior Living by 44,583.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company’s stock valued at $29,000 after acquiring an additional 2,675 shares during the period. Larson Financial Group LLC acquired a new position in shares of Brookdale Senior Living during the 3rd quarter worth approximately $59,000. Strs Ohio acquired a new position in shares of Brookdale Senior Living during the 1st quarter worth approximately $61,000. FNY Investment Advisers LLC acquired a new position in shares of Brookdale Senior Living during the 4th quarter worth approximately $62,000. Finally, Covestor Ltd raised its position in shares of Brookdale Senior Living by 55.8% during the 3rd quarter. Covestor Ltd now owns 9,576 shares of the company’s stock worth $81,000 after purchasing an additional 3,428 shares during the last quarter.

Brookdale Senior Living Trading Down 0.2%

Shares of BKD opened at $12.95 on Monday. Brookdale Senior Living has a twelve month low of $6.26 and a twelve month high of $17.09. The stock’s 50 day moving average is $14.10 and its two-hundred day moving average is $12.54. The firm has a market capitalization of $3.09 billion, a PE ratio of -15.06 and a beta of 0.68.

Brookdale Senior Living (NYSE:BKD) last announced 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 678.50%. The business had revenue of $764.86 million during the quarter, compared to analysts’ expectations of $771.16 million. On average, sell-side analysts predict that Brookdale Senior Living will post -0.1 EPS for the current year.

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.