Brookdale Senior Living (NYSE:BKD) Given New $17.00 Price Target at Royal Bank Of Canada

Brookdale Senior Living (NYSE:BKD) had its price target upped by Royal Bank Of Canada from $13.00 to $17.00 in a report published on Thursday, MarketBeat.com reports. The brokerage currently has an outperform rating on the stock.

Other equities research analysts have also issued reports about the company. Wall Street Zen raised Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Sunday, November 23rd. Bank of America upgraded Brookdale Senior Living from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $6.75 to $13.00 in a report on Tuesday, January 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookdale Senior Living in a report on Wednesday, January 21st. Citigroup raised shares of Brookdale Senior Living to a “buy” rating in a research report on Tuesday, January 6th. Finally, Barclays upped their price target on shares of Brookdale Senior Living to $15.00 and gave the stock an “overweight” rating in a research report on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $13.25.

Brookdale Senior Living Stock Performance

Brookdale Senior Living stock opened at $14.47 on Thursday. The company’s 50-day moving average price is $11.25 and its 200-day moving average price is $9.30. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 39.87. The company has a market cap of $3.44 billion, a PE ratio of -11.04 and a beta of 0.67. Brookdale Senior Living has a twelve month low of $4.45 and a twelve month high of $14.63.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.04). The company had revenue of $813.17 million during the quarter, compared to analysts’ expectations of $825.59 million. Brookdale Senior Living had a negative return on equity of 173.75% and a negative net margin of 9.52%. On average, equities research analysts forecast that Brookdale Senior Living will post -0.56 EPS for the current fiscal year.

Institutional Investors Weigh In On Brookdale Senior Living

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Maple Rock Capital Partners Inc. acquired a new position in shares of Brookdale Senior Living during the second quarter valued at about $45,804,000. Assenagon Asset Management S.A. grew its position in Brookdale Senior Living by 192.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,821,952 shares of the company’s stock worth $32,372,000 after purchasing an additional 2,514,884 shares during the last quarter. Mason Capital Management LLC acquired a new position in Brookdale Senior Living during the 3rd quarter valued at approximately $20,971,000. Wellington Management Group LLP increased its stake in Brookdale Senior Living by 24.5% during the 3rd quarter. Wellington Management Group LLP now owns 11,609,307 shares of the company’s stock valued at $98,331,000 after purchasing an additional 2,282,151 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Brookdale Senior Living by 124.0% in the third quarter. Millennium Management LLC now owns 2,477,684 shares of the company’s stock worth $20,986,000 after buying an additional 1,371,606 shares during the last quarter.

About Brookdale Senior Living

Brookdale Senior Living Inc (NYSE: BKD) is one of the nation’s largest operators of senior living communities, offering a full spectrum of living options that includes independent living, assisted living, memory care, continuing care retirement communities, respite care and skilled nursing services. The company emphasizes programs and amenities that support wellness, social engagement and overall quality of life for older adults.

Across the United States and Puerto Rico, Brookdale manages more than 700 communities serving tens of thousands of residents.