Brookdale Senior Living Inc. (NYSE:BKD) Stock Rated “Buy” by Sell-Side Brokerages

Brookdale Senior Living Inc. (NYSE:BKD) has been given a consensus recommendation of “Buy” by the eight analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $17.40.

Several equities analysts have recently weighed in on BKD shares. Barclays dropped their price objective on shares of Brookdale Senior Living from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookdale Senior Living in a research note on Monday, August 24th. Finally, Zacks Research raised Brookdale Senior Living from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th.

Brookdale Senior Living Stock Performance

Shares of BKD stock opened at $10.07 on Thursday. Brookdale Senior Living has a 52-week low of $8.02 and a 52-week high of $17.09. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of -17.37, a PEG ratio of 4.88 and a beta of 0.53. The firm’s 50-day moving average is $11.72 and its 200-day moving average is $13.18.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.16. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 4.53%. The firm had revenue of $718.58 million for the quarter, compared to the consensus estimate of $735.63 million. Sell-side analysts predict that Brookdale Senior Living will post 0.06 EPS for the current fiscal year.

Institutional Investors Weigh In On Brookdale Senior Living

Institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its position in shares of Brookdale Senior Living by 86.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,689 shares of the company’s stock worth $43,000 after purchasing an additional 1,244 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Brookdale Senior Living by 1.3% during the first 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 during the period. Quantinno Capital Management LP increased its holdings in shares of Brookdale Senior Living by 4.5% during the first 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 during the period. Pictet Asset Management Holding SA raised its position in shares of Brookdale Senior Living by 5.9% in the first quarter. Pictet Asset Management Holding SA now owns 38,801 shares of the company’s stock valued at $531,000 after buying an additional 2,160 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Brookdale Senior Living in the second quarter valued at approximately $53,000.

Brookdale Senior Living Company Profile

Brookdale Senior Living Inc (NYSE: BKD) is a U.S.-based senior living company that owns, manages and operates communities designed for older adults. Its offerings include independent living, assisted living, memory care and continuing care services, allowing residents to receive different levels of support as their needs change.

The company provides housing and daily living services alongside dining, wellness, social and recreational programs, transportation and care coordination. Through its ancillary services, Brookdale also offers certain home health, hospice and therapy services to residents and other older adults.

Brookdale serves communities across the United States.