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 eight analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $17.40.

BKD has been the topic of a number of recent analyst reports. Weiss Ratings downgraded shares of Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. Barclays decreased their price target 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. Finally, Compass Point started coverage on shares of Brookdale Senior Living in a research note on Monday, June 15th. They set a “buy” rating and a $22.00 price objective for the company.

Brookdale Senior Living Price Performance

BKD opened at $12.23 on Wednesday. The stock’s 50 day moving average price is $14.25 and its 200 day moving average price is $14.11. The stock has a market cap of $2.92 billion, a P/E ratio of -21.09, a P/E/G ratio of 5.87 and a beta of 0.60. Brookdale Senior Living has a 12 month low of $7.29 and a 12 month high of $17.09.

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

Hedge Funds Weigh In On Brookdale Senior Living

Hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in shares of Brookdale Senior Living by 3.4% in the first quarter. Royal Bank of Canada now owns 1,100,420 shares of the company’s stock worth $6,888,000 after buying an additional 36,604 shares during the last quarter. AQR Capital Management LLC grew its stake in Brookdale Senior Living by 34.2% in the 1st quarter. AQR Capital Management LLC now owns 25,506 shares of the company’s stock valued at $160,000 after buying an additional 6,507 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Brookdale Senior Living by 3.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 138,383 shares of the company’s stock worth $866,000 after acquiring an additional 4,323 shares during the period. Millennium Management LLC lifted its position in Brookdale Senior Living by 67.7% during the 1st quarter. Millennium Management LLC now owns 2,171,161 shares of the company’s stock worth $13,591,000 after acquiring an additional 876,222 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Brookdale Senior Living during the 1st quarter worth $181,000.

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.