Brookdale Senior Living (NYSE:BKD) Raised to “Overweight” at Barclays

Brookdale Senior Living (NYSE:BKD) was upgraded by analysts at Barclays from an “equal weight” rating to an “overweight” rating in a research report issued on Monday, Marketbeat reports. The firm currently has a $14.00 price target on the stock, up from their previous price target of $8.00. Barclays‘s target price indicates a potential upside of 37.19% from the company’s previous close.

Several other equities analysts also recently issued reports on BKD. Wall Street Zen raised Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookdale Senior Living in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.33.

Brookdale Senior Living Stock Performance

Shares of Brookdale Senior Living stock opened at $10.21 on Monday. The company has a 50 day moving average price of $8.46 and a 200 day moving average price of $7.58. The firm has a market capitalization of $2.39 billion, a P/E ratio of -9.72 and a beta of 0.96. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 39.87. Brookdale Senior Living has a 52 week low of $4.45 and a 52 week high of $10.24.

Brookdale Senior Living (NYSE:BKD) last released its earnings results on Thursday, November 6th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.04). The company had revenue of $813.17 million for the quarter, compared to analysts’ expectations of $825.59 million. Brookdale Senior Living had a negative return on equity of 107.19% and a negative net margin of 7.60%. Sell-side analysts expect that Brookdale Senior Living will post -0.56 EPS for the current year.

Hedge Funds Weigh In On Brookdale Senior Living

A number of institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. acquired a new position in shares of Brookdale Senior Living in the 1st quarter valued at about $47,000. Covestor Ltd raised its position in Brookdale Senior Living by 55.8% during the third quarter. Covestor Ltd now owns 9,576 shares of the company’s stock valued at $81,000 after acquiring an additional 3,428 shares in the last quarter. Strs Ohio acquired a new position in Brookdale Senior Living in the first quarter valued at approximately $61,000. Levin Capital Strategies L.P. acquired a new position in Brookdale Senior Living in the third quarter valued at approximately $85,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Brookdale Senior Living in the 3rd quarter worth approximately $85,000.

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.