Brookdale Senior Living (NYSE:BKD) Stock Lifted to Strong-Buy by Zacks Research

Zacks Research upgraded shares of Brookdale Senior Living (NYSE:BKD) from a hold rating to a strong-buy rating in a research note issued to investors on Tuesday,Zacks reports.

Several other research analysts also recently commented on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookdale Senior Living in a research note on Monday, August 24th. Compass Point began coverage on Brookdale Senior Living in a research note on Monday, June 15th. They issued a “buy” rating and a $22.00 price target on the stock. Finally, Barclays dropped their price target on Brookdale Senior Living from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $17.40.

Brookdale Senior Living Price Performance

Brookdale Senior Living stock opened at $10.79 on Tuesday. Brookdale Senior Living has a fifty-two week low of $8.00 and a fifty-two week high of $17.09. The firm has a market capitalization of $2.58 billion, a PE ratio of -18.60, a P/E/G ratio of 5.25 and a beta of 0.53. The company’s 50-day moving average is $12.14 and its 200-day moving average is $13.30.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.16. The business had revenue of $718.58 million during the quarter, compared to analysts’ expectations 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%. As a group, analysts expect that Brookdale Senior Living will post 0.06 EPS for the current year.

Institutional Investors Weigh In On Brookdale Senior Living

Several hedge funds have recently bought and sold shares of BKD. Nykredit A S bought a new stake in shares of Brookdale Senior Living during the second quarter worth approximately $57,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Brookdale Senior Living during the second quarter worth approximately $2,198,000. AXQ Capital LP lifted its holdings in Brookdale Senior Living by 90.7% during the 2nd quarter. AXQ Capital LP now owns 82,687 shares of the company’s stock worth $1,330,000 after purchasing an additional 39,335 shares during the last quarter. Maple Rock Capital Partners Inc. boosted its stake in Brookdale Senior Living by 9.0% in the 2nd quarter. Maple Rock Capital Partners Inc. now owns 8,888,148 shares of the company’s stock valued at $143,010,000 after purchasing an additional 731,000 shares during the period. Finally, Beaconlight Capital LLC bought a new stake in Brookdale Senior Living in the 2nd quarter valued at $5,872,000.

About Brookdale Senior Living

Brookdale Senior Living Inc (NYSE: BKD) is a U.S.-based senior living company that owns, manages and operates communities designed for older adults. Its offerings include independent living, assisted living, memory care and continuing care services, allowing residents to receive different levels of support as their needs change.

The company provides housing and daily living services alongside dining, wellness, social and recreational programs, transportation and care coordination. Through its ancillary services, Brookdale also offers certain home health, hospice and therapy services to residents and other older adults.

Brookdale serves communities across the United States.