Brookdale Senior Living (NYSE:BKD) Downgraded by Zacks Research to Strong Sell

Zacks Research cut shares of Brookdale Senior Living (NYSE:BKD) from a strong-buy rating to a strong sell rating in a research report sent to investors on Monday,Zacks reports.

A number of other equities research analysts also recently weighed in on the company. Barclays lowered their target price on Brookdale Senior Living from $17.00 to $14.00 and set an “overweight” rating for the company in a report on Tuesday. Weiss Ratings restated a “sell (d-)” rating on shares of Brookdale Senior Living in a report on Monday, August 24th. Finally, Stephens reduced their price objective on shares of Brookdale Senior Living from $17.00 to $12.00 and set an “overweight” rating for the company in a research report on Monday. Six analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Brookdale Senior Living has a consensus rating of “Moderate Buy” and a consensus target price of $15.60.

Brookdale Senior Living Trading Up 0.5%

Shares of BKD opened at $9.36 on Monday. The stock has a market capitalization of $2.24 billion, a P/E ratio of -58.47, a price-to-earnings-growth ratio of 4.49 and a beta of 0.55. The firm’s fifty day simple moving average is $10.80 and its two-hundred day simple moving average is $13.23. Brookdale Senior Living has a 12 month low of $8.79 and a 12 month high of $17.09.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings data on Friday, November 6th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The business had revenue of $712.07 million during the quarter, compared to the consensus estimate 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, research analysts predict that Brookdale Senior Living will post -0.05 EPS for the current fiscal year.

Institutional Trading of Brookdale Senior Living

A number of hedge funds have recently bought and sold shares of the business. WCM Investment Management LLC bought a new position in shares of Brookdale Senior Living during the 1st quarter valued at approximately $171,681,000. Wellington Management Group LLP grew its holdings in Brookdale Senior Living by 9.1% during the second quarter. Wellington Management Group LLP now owns 9,633,343 shares of the company’s stock valued at $155,000,000 after purchasing an additional 802,736 shares during the period. Maple Rock Capital Partners Inc. grew its holdings in Brookdale Senior Living by 9.0% during the second 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. Renaissance Technologies LLC increased its position in Brookdale Senior Living by 20.4% in the first quarter. Renaissance Technologies LLC now owns 7,663,564 shares of the company’s stock worth $104,838,000 after buying an additional 1,300,100 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Brookdale Senior Living by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 5,194,941 shares of the company’s stock worth $71,061,000 after buying an additional 173,454 shares during the last quarter.

Brookdale Senior Living Company Profile

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.