Brookdale Senior Living Inc. (NYSE:BKD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

According to Zacks, “Brookdale Senior Living Inc. is a leading owner and operator of senior living facilities throughout the United States. The Company is committed to providing an exceptional living experience through properties that are designed, purpose-built and operated to provide the highest-quality service, care and living accommodations for residents. The Company owns and operates independent, assisted and dementia-care facilities. “

A number of other equities research analysts have also recently commented on the stock. Wells Fargo & Co. reissued a “buy” rating on shares of Brookdale Senior Living in a research report on Monday. TheStreet raised shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Thursday, September 22nd. Jefferies Group set a $29.00 target price on shares of Brookdale Senior Living and gave the company a “buy” rating in a research report on Monday, September 19th. Finally, JMP Securities decreased their target price on shares of Brookdale Senior Living from $30.00 to $29.00 and set a “market outperform” rating for the company in a research report on Wednesday, August 24th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Brookdale Senior Living presently has an average rating of “Buy” and an average price target of $23.83.

Analyst Recommendations for Brookdale Senior Living (NYSE:BKD)

Shares of Brookdale Senior Living (NYSE:BKD) traded up 0.31% on Monday, hitting $16.17. 1,722,816 shares of the stock traded hands. The company’s market cap is $3.01 billion. Brookdale Senior Living has a one year low of $11.28 and a one year high of $23.92. The stock has a 50 day moving average of $17.30 and a 200 day moving average of $17.23.

Brookdale Senior Living (NYSE:BKD) last posted its earnings results on Monday, August 8th. The company reported ($0.19) EPS for the quarter, missing the Zacks’ consensus estimate of $0.59 by $0.78. Brookdale Senior Living had a negative net margin of 6.54% and a positive return on equity of 10.13%. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the company earned ($0.46) EPS. The company’s revenue was up 1.7% on a year-over-year basis. Equities analysts anticipate that Brookdale Senior Living will post ($0.10) earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the company. Independent Portfolio Consultants Inc. raised its stake in Brookdale Senior Living by 15.8% in the third quarter. Independent Portfolio Consultants Inc. now owns 11,290 shares of the company’s stock worth $197,000 after buying an additional 1,540 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in Brookdale Senior Living by 29.0% in the third quarter. BNP Paribas Arbitrage SA now owns 55,632 shares of the company’s stock worth $971,000 after buying an additional 12,508 shares during the last quarter. Royal Bank of Canada raised its stake in Brookdale Senior Living by 9.5% in the second quarter. Royal Bank of Canada now owns 773,541 shares of the company’s stock worth $11,944,000 after buying an additional 66,922 shares during the last quarter. Cohen & Steers Inc. raised its stake in Brookdale Senior Living by 16.9% in the second quarter. Cohen & Steers Inc. now owns 6,173,115 shares of the company’s stock worth $95,313,000 after buying an additional 892,436 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in Brookdale Senior Living by 0.3% in the second quarter. Public Employees Retirement System of Ohio now owns 466,255 shares of the company’s stock worth $7,199,000 after buying an additional 1,479 shares during the last quarter.

Brookdale Senior Living Company Profile

Brookdale Senior Living Inc is engaged in the operation of senior living communities in the United States. The Company has five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services, and Management Services. Its Retirement Centers segment includes owned or leased communities that are designed for middle to upper income seniors.

5 Day Chart for NYSE:BKD

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