Brookdale Senior Living Inc. (NYSE:BKD) Receives Average Rating of “Hold” from Brokerages

Shares of Brookdale Senior Living Inc. (NYSE:BKDGet Rating) have received an average rating of “Hold” from the six brokerages that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $10.00.

BKD has been the subject of several research reports. Zacks Investment Research raised Brookdale Senior Living from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 1st. StockNews.com raised Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Tuesday, April 26th.

Shares of BKD traded up $0.10 during mid-day trading on Friday, hitting $5.73. The company’s stock had a trading volume of 45,672 shares, compared to its average volume of 2,552,517. Brookdale Senior Living has a one year low of $4.64 and a one year high of $8.95. The company has a debt-to-equity ratio of 6.96, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market capitalization of $1.07 billion, a PE ratio of -10.65 and a beta of 1.53. The stock’s 50-day moving average is $6.51 and its two-hundred day moving average is $6.14.

Brookdale Senior Living (NYSE:BKDGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.17). Brookdale Senior Living had a negative net margin of 3.39% and a negative return on equity of 47.08%. The business had revenue of $677.82 million during the quarter, compared to the consensus estimate of $670.71 million. During the same period in the prior year, the company posted ($0.59) earnings per share. Analysts expect that Brookdale Senior Living will post -1.52 EPS for the current fiscal year.

In related news, CEO Lucinda M. Baier sold 73,991 shares of the firm’s stock in a transaction on Tuesday, March 1st. The stock was sold at an average price of $6.76, for a total value of $500,179.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.96% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in BKD. BlackRock Inc. raised its stake in Brookdale Senior Living by 25.7% during the first quarter. BlackRock Inc. now owns 30,796,560 shares of the company’s stock worth $217,115,000 after acquiring an additional 6,299,168 shares in the last quarter. Diameter Capital Partners LP raised its stake in Brookdale Senior Living by 1,151.7% during the fourth quarter. Diameter Capital Partners LP now owns 5,301,641 shares of the company’s stock worth $27,356,000 after acquiring an additional 4,878,084 shares in the last quarter. Glenview Capital Management LLC increased its stake in shares of Brookdale Senior Living by 23.3% in the first quarter. Glenview Capital Management LLC now owns 12,586,280 shares of the company’s stock valued at $88,733,000 after buying an additional 2,374,631 shares in the last quarter. Conversant Capital LLC bought a new position in shares of Brookdale Senior Living in the fourth quarter valued at about $11,610,000. Finally, Deerfield Management Company L.P. Series C lifted its position in Brookdale Senior Living by 59.3% during the 3rd quarter. Deerfield Management Company L.P. Series C now owns 5,252,800 shares of the company’s stock worth $33,093,000 after buying an additional 1,954,800 shares in the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

About Brookdale Senior Living (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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