Brookdale Senior Living (NYSE:BKD) Rating Increased to Hold at StockNews.com

Brookdale Senior Living (NYSE:BKDGet Rating) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report issued on Tuesday.

Separately, Zacks Investment Research upgraded shares of Brookdale Senior Living from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 1st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Brookdale Senior Living currently has a consensus rating of “Hold” and an average target price of $10.00.

Shares of BKD stock opened at $6.77 on Tuesday. The company has a debt-to-equity ratio of 6.16, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of -11.47 and a beta of 1.55. Brookdale Senior Living has a 52 week low of $4.64 and a 52 week high of $8.95. The company has a 50-day simple moving average of $6.94 and a 200 day simple moving average of $6.27.

Brookdale Senior Living (NYSE:BKDGet Rating) last released its quarterly earnings data on Monday, February 14th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.40) by ($0.04). Brookdale Senior Living had a negative return on equity of 46.65% and a negative net margin of 3.60%. The company had revenue of $643.87 million for the quarter, compared to analyst estimates of $646.96 million. During the same quarter in the prior year, the company earned ($0.17) earnings per share. Sell-side analysts forecast that Brookdale Senior Living will post -0.98 EPS for the current year.

In other news, CEO Lucinda M. Baier sold 73,991 shares of the business’s stock in a transaction on Tuesday, March 1st. The shares were sold at an average price of $6.76, for a total transaction of $500,179.16. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.96% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Alliancebernstein L.P. increased its position in shares of Brookdale Senior Living by 1.6% during the 3rd quarter. Alliancebernstein L.P. now owns 258,114 shares of the company’s stock valued at $1,626,000 after purchasing an additional 3,940 shares during the last quarter. Swiss National Bank boosted its position in shares of Brookdale Senior Living by 1.2% during the 3rd quarter. Swiss National Bank now owns 409,139 shares of the company’s stock valued at $2,578,000 after acquiring an additional 4,700 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of Brookdale Senior Living by 2.3% during the 4th quarter. California State Teachers Retirement System now owns 256,910 shares of the company’s stock valued at $1,326,000 after acquiring an additional 5,747 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of Brookdale Senior Living by 20.8% during the 4th quarter. Teacher Retirement System of Texas now owns 35,718 shares of the company’s stock valued at $184,000 after acquiring an additional 6,150 shares during the last quarter. Finally, Cubist Systematic Strategies LLC lifted its position in Brookdale Senior Living by 10.2% in the fourth quarter. Cubist Systematic Strategies LLC now owns 81,727 shares of the company’s stock worth $422,000 after buying an additional 7,564 shares during the last quarter. Institutional investors and hedge funds own 96.65% of the company’s stock.

Brookdale Senior Living Company Profile (Get Rating)

Brookdale Senior Living Inc owns, manages, and operates senior living communities in the United States. It operates in three segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). The Independent Living segment owns or leases communities comprising independent and assisted living units in a single community that are primarily designed for middle to upper income seniors.

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