Brookdale Senior Living (NYSE:BKD) Stock Rating Upgraded by Wall Street Zen

Brookdale Senior Living (NYSE:BKD) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Sunday.

Several other research analysts have also recently issued reports on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Brookdale Senior Living in a report on Wednesday, October 8th. Barclays raised Brookdale Senior Living from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $8.00 to $14.00 in a research note on Monday, November 10th. Finally, Royal Bank Of Canada lifted their price target on Brookdale Senior Living from $9.00 to $13.00 and gave the company an “outperform” rating in a research note on Monday, November 17th. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.67.

Brookdale Senior Living Stock Performance

NYSE:BKD opened at $11.25 on Friday. The company has a debt-to-equity ratio of 39.87, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of -10.71 and a beta of 0.96. The firm’s fifty day moving average price is $9.00 and its 200 day moving average price is $7.83. Brookdale Senior Living has a 1-year low of $4.45 and a 1-year high of $11.32.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). Brookdale Senior Living had a negative return on equity of 107.19% and a negative net margin of 7.60%.The firm had revenue of $813.17 million for the quarter, compared to analysts’ expectations of $825.59 million. On average, sell-side analysts expect that Brookdale Senior Living will post -0.56 EPS for the current year.

Hedge Funds Weigh In On Brookdale Senior Living

Several hedge funds have recently bought and sold shares of BKD. Maple Rock Capital Partners Inc. acquired a new position in Brookdale Senior Living during the second quarter worth $45,804,000. Assenagon Asset Management S.A. increased its position in shares of Brookdale Senior Living by 192.4% in the third quarter. Assenagon Asset Management S.A. now owns 3,821,952 shares of the company’s stock valued at $32,372,000 after buying an additional 2,514,884 shares in the last quarter. Mason Capital Management LLC acquired a new position in shares of Brookdale Senior Living during the 3rd quarter worth $20,971,000. Wellington Management Group LLP raised its stake in shares of Brookdale Senior Living by 24.5% during the 3rd quarter. Wellington Management Group LLP now owns 11,609,307 shares of the company’s stock worth $98,331,000 after buying an additional 2,282,151 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Brookdale Senior Living in the 1st quarter worth about $13,088,000.

Brookdale Senior Living Company Profile

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.