Brookdale Senior Living (NYSE:BKD) Rating Lowered to “Strong Sell” at Zacks Research

Brookdale Senior Living (NYSE:BKD) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “strong sell” rating in a research note issued to investors on Monday, Zacks reports.

BKD has been the subject of several other research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Brookdale Senior Living in a research note on Monday, August 24th. Stephens cut their price objective on shares of Brookdale Senior Living from $17.00 to $12.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Barclays reduced their target price on shares of Brookdale Senior Living from $17.00 to $14.00 and set an “overweight” rating for the company in a research note on Tuesday. Six investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $15.60.

Brookdale Senior Living Trading Up 0.5%

BKD opened at $9.36 on Monday. The stock has a fifty day moving average price of $10.80 and a 200 day moving average price of $13.23. Brookdale Senior Living has a 1 year low of $8.79 and a 1 year high of $17.09. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of -58.47, a PEG ratio of 4.49 and a beta of 0.55.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings results on Friday, November 6th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The firm had revenue of $712.07 million for the quarter, compared to analysts’ expectations of $721.26 million. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 1.27%. As a group, sell-side analysts forecast that Brookdale Senior Living will post -0.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Brookdale Senior Living

Hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Brookdale Senior Living in the second quarter worth about $43,000. Public Employees Retirement System of Ohio bought a new stake in shares of Brookdale Senior Living during the 2nd quarter worth about $53,000. Nykredit A S acquired a new position in shares of Brookdale Senior Living during the 2nd quarter valued at about $57,000. Persistent Asset Partners Ltd acquired a new position in shares of Brookdale Senior Living during the 2nd quarter valued at about $66,000. Finally, Calamos Advisors LLC acquired a new position in shares of Brookdale Senior Living during the 3rd quarter valued at about $110,000.

About Brookdale Senior Living

Brookdale Senior Living Inc. operates senior living communities in the United States, serving older adults with a range of housing and care options. Its offerings include independent living, assisted living and memory care, with services tailored to residents’ needs and levels of independence. Community services may include meals, housekeeping, transportation, wellness programs and social activities, alongside personal assistance and specialized support for residents with memory-related conditions.