Brookdale Senior Living Inc. (NYSE:BKD) Receives Average Recommendation of “Moderate Buy” from Analysts

Brookdale Senior Living Inc. (NYSE:BKD) has earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $17.60.

A number of brokerages have issued reports on BKD. Weiss Ratings downgraded Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. Stephens initiated coverage on Brookdale Senior Living in a report on Thursday, April 9th. They set an “overweight” rating and a $18.00 target price for the company. Zacks Research cut Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, Compass Point initiated coverage on Brookdale Senior Living in a report on Monday, June 15th. They set a “buy” rating and a $22.00 target price for the company.

Institutional Investors Weigh In On Brookdale Senior Living

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd increased its holdings in shares of Brookdale Senior Living by 44,583.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company’s stock valued at $29,000 after purchasing an additional 2,675 shares during the last quarter. Strs Ohio acquired a new stake in shares of Brookdale Senior Living in the first quarter valued at approximately $70,000. FNY Investment Advisers LLC acquired a new stake in shares of Brookdale Senior Living in the fourth quarter valued at approximately $62,000. Larson Financial Group LLC acquired a new stake in shares of Brookdale Senior Living in the third quarter valued at approximately $59,000. Finally, KBC Group NV acquired a new stake in shares of Brookdale Senior Living in the fourth quarter valued at approximately $84,000.

Brookdale Senior Living Trading Up 1.0%

Shares of BKD stock opened at $15.87 on Tuesday. The company has a market capitalization of $3.79 billion, a P/E ratio of -18.45 and a beta of 0.63. The business’s 50 day moving average is $13.45 and its two-hundred day moving average is $13.40. Brookdale Senior Living has a 12-month low of $6.65 and a 12-month high of $17.09.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The business had revenue of $764.86 million for the quarter, compared to analysts’ expectations of $771.16 million. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 6.51%. On average, research analysts predict that Brookdale Senior Living will post -0.1 earnings per share 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.