Brookdale Senior Living (NYSE:BKD) Trading Up 6% on Analyst Upgrade

Brookdale Senior Living Inc. (NYSE:BKD)’s share price was up 6% during trading on Thursday after Royal Bank Of Canada raised their price target on the stock from $13.00 to $17.00. Royal Bank Of Canada currently has an outperform rating on the stock. Brookdale Senior Living traded as high as $14.11 and last traded at $13.8970. Approximately 2,374,261 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 4,706,575 shares. The stock had previously closed at $13.11.

Other equities analysts have also issued reports about the stock. Wall Street Zen upgraded shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Sunday, November 23rd. Bank of America raised shares of Brookdale Senior Living from an “underperform” rating to a “buy” rating and lifted their price target for the company from $6.75 to $13.00 in a research report on Tuesday, January 6th. Barclays raised their price target on shares of Brookdale Senior Living to $15.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Brookdale Senior Living in a report on Wednesday, January 21st. Finally, Citigroup upgraded Brookdale Senior Living to a “buy” rating in a research note on Tuesday, January 6th. Five research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $13.25.

Institutional Investors Weigh In On Brookdale Senior Living

A number of hedge funds have recently added to or reduced their stakes in BKD. Larson Financial Group LLC purchased a new stake in Brookdale Senior Living in the 3rd quarter valued at approximately $59,000. Strs Ohio acquired a new position in Brookdale Senior Living during the first quarter worth $61,000. FNY Investment Advisers LLC purchased a new position in Brookdale Senior Living in the fourth quarter worth $62,000. Covestor Ltd lifted its holdings in Brookdale Senior Living by 55.8% in the third quarter. Covestor Ltd now owns 9,576 shares of the company’s stock valued at $81,000 after acquiring an additional 3,428 shares during the period. Finally, KBC Group NV acquired a new position in shares of Brookdale Senior Living during the 4th quarter worth $84,000.

Brookdale Senior Living Price Performance

The company has a debt-to-equity ratio of 39.87, a quick ratio of 0.84 and a current ratio of 0.84. The stock’s fifty day moving average price is $11.16 and its 200-day moving average price is $9.26. The firm has a market cap of $3.34 billion, a PE ratio of -10.61 and a beta of 0.67.

Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Thursday, November 6th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.04). Brookdale Senior Living had a negative return on equity of 173.75% and a negative net margin of 9.52%.The company had revenue of $813.17 million for the quarter, compared to analyst estimates of $825.59 million. As a group, equities analysts forecast that Brookdale Senior Living Inc. will post -0.56 EPS for the current fiscal 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.