Stephens Begins Coverage on Brookdale Senior Living (NYSE:BKD)

Analysts at Stephens began coverage on shares of Brookdale Senior Living (NYSE:BKD) in a research report issued on Thursday, Marketbeat.com reports. The firm set an “overweight” rating and a $18.00 price target on the stock. Stephens’ price objective indicates a potential upside of 32.89% from the company’s current price.

Other analysts have also issued reports about the company. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Brookdale Senior Living in a research note on Friday, February 20th. Zacks Research raised Brookdale Senior Living from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Bank of America raised Brookdale Senior Living from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $6.75 to $13.00 in a research note on Tuesday, January 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brookdale Senior Living in a research note on Wednesday, January 21st. Finally, Citigroup raised Brookdale Senior Living to a “buy” rating in a research note on Tuesday, January 6th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $16.50.

Brookdale Senior Living Price Performance

Brookdale Senior Living stock opened at $13.55 on Thursday. The stock has a market capitalization of $3.22 billion, a PE ratio of -12.20 and a beta of 0.73. Brookdale Senior Living has a 12 month low of $5.61 and a 12 month high of $17.09. The business has a 50 day simple moving average of $14.79 and a 200-day simple moving average of $11.85.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings data on Wednesday, February 18th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). The business had revenue of $754.09 million during the quarter, compared to analysts’ expectations of $753.60 million. Brookdale Senior Living had a negative net margin of 8.22% and a negative return on equity of 305.28%. On average, equities research analysts anticipate that Brookdale Senior Living will post -0.56 EPS for the current fiscal year.

Hedge Funds Weigh In On Brookdale Senior Living

Institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd lifted its position in Brookdale Senior Living by 44,583.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company’s stock worth $29,000 after buying an additional 2,675 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in Brookdale Senior Living during the fourth quarter worth approximately $62,000. Larson Financial Group LLC purchased a new position in Brookdale Senior Living during the third quarter worth approximately $59,000. KBC Group NV purchased a new position in Brookdale Senior Living during the fourth quarter worth approximately $84,000. Finally, Covestor Ltd lifted 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 worth $81,000 after buying an additional 3,428 shares in the last quarter.

Brookdale Senior Living Company Profile

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.