Brookdale Senior Living Inc. (NYSE:BKD) Stock Has Average Target Price of $17.40

Brookdale Senior Living Inc. (NYSE:BKD) has earned an average rating of “Buy” from the eight research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $17.40.

Several analysts recently weighed in on the stock. Zacks Research raised shares of Brookdale Senior Living from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 6th. Barclays reduced their price target on 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, Weiss Ratings reissued a “sell (d-)” rating on shares of Brookdale Senior Living in a research note on Monday, August 24th.

Brookdale Senior Living Price Performance

BKD stock opened at $11.19 on Monday. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of -19.29, a P/E/G ratio of 5.00 and a beta of 0.55. The company has a 50 day simple moving average of $10.99 and a 200 day simple moving average of $13.29. Brookdale Senior Living has a 1 year low of $8.02 and a 1 year high of $17.09.

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

Institutional Investors Weigh In On Brookdale Senior Living

Several large investors have recently modified their holdings of the company. WCM Investment Management LLC bought a new stake in Brookdale Senior Living during the first quarter valued at $171,681,000. Wellington Management Group LLP grew its holdings in Brookdale Senior Living by 9.1% during the 2nd quarter. Wellington Management Group LLP now owns 9,633,343 shares of the company’s stock worth $155,000,000 after acquiring an additional 802,736 shares during the period. Maple Rock Capital Partners Inc. raised its position in shares of 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 worth $143,010,000 after acquiring an additional 731,000 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Brookdale Senior Living by 20.4% in the 1st quarter. Renaissance Technologies LLC now owns 7,663,564 shares of the company’s stock worth $104,838,000 after acquiring an additional 1,300,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Brookdale Senior Living by 3.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,194,941 shares of the company’s stock worth $71,061,000 after acquiring an additional 173,454 shares in the last quarter.

About Brookdale Senior Living

Brookdale Senior Living, Inc (NYSE: BKD) is a U.S.-based operator of senior living communities. The company provides housing, care and support services for older adults through a range of offerings, including independent living, assisted living, memory care and continuing care retirement communities.

Brookdale’s services are designed to support residents with different levels of independence and care needs. Its communities generally provide accommodations, dining, wellness programs, social and recreational activities, transportation and assistance with daily living.