Brookdale Senior Living (NYSE:BKD) Downgraded to “Sell” Rating by Wall Street Zen

Brookdale Senior Living (NYSE:BKD) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Sunday.

Several other equities analysts have also commented on BKD. Barclays raised their price objective on Brookdale Senior Living from $7.00 to $7.50 and gave the company an “equal weight” rating in a research report on Wednesday, April 16th. Royal Bank Of Canada restated an “outperform” rating and set a $9.00 price objective on shares of Brookdale Senior Living in a research note on Wednesday, July 9th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $7.70.

Brookdale Senior Living Price Performance

Shares of Brookdale Senior Living stock opened at $7.71 on Friday. The company has a debt-to-equity ratio of 28.85, a quick ratio of 0.82 and a current ratio of 0.82. Brookdale Senior Living has a 52-week low of $4.45 and a 52-week high of $8.12. The company has a fifty day moving average of $6.91 and a 200-day moving average of $6.06. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of -7.41 and a beta of 0.83.

Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Tuesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.11). Brookdale Senior Living had a negative net margin of 7.52% and a negative return on equity of 79.84%. Equities research analysts expect that Brookdale Senior Living will post -0.56 EPS for the current year.

Institutional Investors Weigh In On Brookdale Senior Living

A number of institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its stake in Brookdale Senior Living by 1,999.4% in the 1st quarter. GAMMA Investing LLC now owns 7,180 shares of the company’s stock worth $45,000 after acquiring an additional 6,838 shares during the last quarter. PNC Financial Services Group Inc. purchased a new position in shares of Brookdale Senior Living in the first quarter valued at $47,000. Lazard Asset Management LLC grew its holdings in shares of Brookdale Senior Living by 6,029.2% in the fourth quarter. Lazard Asset Management LLC now owns 9,868 shares of the company’s stock valued at $49,000 after purchasing an additional 9,707 shares in the last quarter. Strs Ohio bought a new stake in Brookdale Senior Living in the first quarter worth $61,000. Finally, Crestline Management LP purchased a new stake in Brookdale Senior Living during the fourth quarter valued at $64,000.

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.