Brookdale Senior Living (NYSE:BKD) Downgraded to Hold at Stifel Nicolaus

Stifel Nicolaus downgraded shares of Brookdale Senior Living (NYSE:BKDGet Rating) from a buy rating to a hold rating in a report released on Tuesday, The Fly reports. The firm currently has $4.00 target price on the stock, down from their previous target price of $5.00.

A number of other analysts have also commented on BKD. Royal Bank of Canada decreased their price objective on Brookdale Senior Living from $8.00 to $6.00 and set a sector perform rating on the stock in a research note on Thursday, November 10th. Barclays decreased their price target on Brookdale Senior Living from $8.00 to $7.00 and set an overweight rating on the stock in a research note on Friday, October 21st. Finally, StockNews.com raised Brookdale Senior Living from a sell rating to a hold rating in a research note on Thursday, January 12th.

Brookdale Senior Living Stock Down 7.0 %

Brookdale Senior Living stock opened at $2.54 on Tuesday. The company has a debt-to-equity ratio of 8.69, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market capitalization of $474.49 million, a price-to-earnings ratio of -1.61 and a beta of 1.35. Brookdale Senior Living has a fifty-two week low of $2.51 and a fifty-two week high of $7.61. The stock’s fifty day moving average is $3.09 and its two-hundred day moving average is $4.10.

Brookdale Senior Living (NYSE:BKDGet Rating) last posted its earnings results on Monday, November 7th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.02). The firm had revenue of $757.46 million during the quarter, compared to analyst estimates of $757.47 million. Brookdale Senior Living had a negative net margin of 10.64% and a negative return on equity of 50.99%. Analysts predict that Brookdale Senior Living will post -1.48 EPS for the current fiscal year.

Insider Activity at Brookdale Senior Living

In related news, Director Frank M. Bumstead bought 50,000 shares of the company’s stock in a transaction that occurred on Thursday, November 17th. The shares were acquired at an average cost of $3.09 per share, for a total transaction of $154,500.00. Following the acquisition, the director now owns 401,291 shares in the company, valued at approximately $1,239,989.19. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Brookdale Senior Living

Hedge funds and other institutional investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC increased its holdings in Brookdale Senior Living by 215.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 7,535 shares of the company’s stock worth $33,000 after purchasing an additional 5,150 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Brookdale Senior Living in the 1st quarter worth approximately $35,000. Caxton Associates LP acquired a new position in shares of Brookdale Senior Living in the 3rd quarter worth approximately $43,000. Xponance Inc. acquired a new position in shares of Brookdale Senior Living in the 2nd quarter worth approximately $46,000. Finally, Covestor Ltd grew its position in shares of Brookdale Senior Living by 12,683.9% in the 1st quarter. Covestor Ltd now owns 7,926 shares of the company’s stock worth $56,000 after acquiring an additional 7,864 shares in the last quarter.

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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