Barclays Boosts Brookdale Senior Living (NYSE:BKD) Price Target to $7.50

Brookdale Senior Living (NYSE:BKD) had its target price raised by investment analysts at Barclays from $7.00 to $7.50 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price points to a potential upside of 20.29% from the company’s previous close.

Other analysts also recently issued research reports about the company. Macquarie reissued an “outperform” rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a research note on Wednesday, March 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $8.00 price target on shares of Brookdale Senior Living in a research report on Thursday, April 10th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Brookdale Senior Living presently has an average rating of “Hold” and a consensus price target of $7.50.

Brookdale Senior Living Stock Performance

Shares of BKD opened at $6.24 on Wednesday. The firm has a market capitalization of $1.25 billion, a PE ratio of -7.01 and a beta of 0.87. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 20.05. The firm has a 50-day moving average price of $5.74 and a 200 day moving average price of $5.57. Brookdale Senior Living has a 52-week low of $4.45 and a 52-week high of $8.12.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings data on Tuesday, February 18th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.21). Brookdale Senior Living had a negative net margin of 6.46% and a negative return on equity of 65.92%. The company had revenue of $780.95 million during the quarter, compared to the consensus estimate of $781.78 million. On average, sell-side analysts anticipate that Brookdale Senior Living will post -0.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Brookdale Senior Living

A number of hedge funds have recently modified their holdings of the stock. MetLife Investment Management LLC boosted its position in shares of Brookdale Senior Living by 1.8% in the 4th quarter. MetLife Investment Management LLC now owns 112,878 shares of the company’s stock valued at $568,000 after purchasing an additional 1,953 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Brookdale Senior Living by 2.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 134,060 shares of the company’s stock worth $674,000 after buying an additional 2,821 shares during the period. Rhumbline Advisers increased its position in shares of Brookdale Senior Living by 2.2% in the first quarter. Rhumbline Advisers now owns 280,596 shares of the company’s stock worth $1,757,000 after acquiring an additional 5,949 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Brookdale Senior Living during the fourth quarter valued at approximately $33,000. Finally, GAMMA Investing LLC lifted its position in shares of Brookdale Senior Living by 1,999.4% in the 1st quarter. GAMMA Investing LLC now owns 7,180 shares of the company’s stock valued at $45,000 after acquiring an additional 6,838 shares in the last quarter.

About Brookdale Senior Living

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.