Wall Street Zen Upgrades Brookdale Senior Living (NYSE:BKD) to “Hold”

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

A number of other brokerages have also recently issued reports on BKD. Weiss Ratings reissued a “sell (d-)” rating on shares of Brookdale Senior Living in a research note on Wednesday, October 8th. Barclays raised Brookdale Senior Living from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $8.00 to $14.00 in a report on Monday, November 10th. Finally, Royal Bank Of Canada upped their price target on shares of Brookdale Senior Living from $9.00 to $13.00 and gave the company an “outperform” rating in a research note on Monday, November 17th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $11.67.

Brookdale Senior Living Price Performance

NYSE BKD opened at $10.80 on Friday. Brookdale Senior Living has a 52 week low of $4.45 and a 52 week high of $11.00. The firm has a market capitalization of $2.57 billion, a P/E ratio of -10.29 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. The company has a 50-day moving average price of $8.92 and a 200-day moving average price of $7.79.

Brookdale Senior Living (NYSE:BKD) last released its quarterly 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). Brookdale Senior Living had a negative return on equity of 107.19% and a negative net margin of 7.60%.The business had revenue of $813.17 million during the quarter, compared to the consensus estimate of $825.59 million. Equities research analysts anticipate that Brookdale Senior Living will post -0.56 earnings per share for the current year.

Institutional Trading of Brookdale Senior Living

Several institutional investors and hedge funds have recently made changes to their positions in BKD. PNC Financial Services Group Inc. bought a new position in shares of Brookdale Senior Living in the 1st quarter worth $47,000. Larson Financial Group LLC purchased a new stake in shares of Brookdale Senior Living during the 3rd quarter valued at $59,000. Strs Ohio acquired a new stake in Brookdale Senior Living in the first quarter worth about $61,000. Covestor Ltd boosted its stake in Brookdale Senior Living by 55.8% in the 3rd quarter. Covestor Ltd now owns 9,576 shares of the company’s stock worth $81,000 after purchasing an additional 3,428 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in Brookdale Senior Living during the 3rd quarter valued at approximately $85,000.

Brookdale Senior Living Company Profile

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.