Brookdale Senior Living (NYSE:BKD) Shares Up 6% Following Analyst Upgrade

Shares of Brookdale Senior Living Inc. (NYSE:BKD) were up 6% during mid-day trading on Thursday after Royal Bank Of Canada raised their price target on the stock from $13.00 to $17.00. Royal Bank Of Canada currently has an outperform rating on the stock. Brookdale Senior Living traded as high as $14.11 and last traded at $13.8970. Approximately 2,374,261 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 4,706,575 shares. The stock had previously closed at $13.11.

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

Institutional Investors Weigh In On Brookdale Senior Living

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Maple Rock Capital Partners Inc. bought a new stake in Brookdale Senior Living during the 2nd quarter valued at approximately $45,804,000. Assenagon Asset Management S.A. grew its holdings 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 valued at $32,372,000 after buying an additional 2,514,884 shares in the last quarter. Mason Capital Management LLC purchased a new stake in Brookdale Senior Living during the 3rd quarter valued at approximately $20,971,000. Wellington Management Group LLP raised its position in shares of Brookdale Senior Living by 24.5% during the third quarter. Wellington Management Group LLP now owns 11,609,307 shares of the company’s stock valued at $98,331,000 after buying an additional 2,282,151 shares during the last quarter. Finally, Millennium Management LLC lifted 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 in the last quarter.

Brookdale Senior Living Trading Up 10.3%

The stock has a market cap of $3.44 billion, a P/E ratio of -11.04 and a beta of 0.67. The stock’s 50-day moving average is $11.25 and its two-hundred day moving average is $9.30. The company has a debt-to-equity ratio of 39.87, a current ratio of 0.84 and a quick ratio of 0.84.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). Brookdale Senior Living had a negative net margin of 9.52% and a negative return on equity of 173.75%. The company 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 Inc. will post -0.56 EPS for the current year.

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.