Brookdale Senior Living Inc. (NYSE:BKD) Receives $16.50 Average Price Target from Brokerages

Shares of Brookdale Senior Living Inc. (NYSE:BKD) have earned an average recommendation of “Buy” from the seven research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have given a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $16.50.

Several research firms have recently commented on BKD. Bank of America upgraded Brookdale Senior Living from an “underperform” rating to a “buy” rating and increased their target price for the company from $6.75 to $13.00 in a research note on Tuesday, January 6th. Stephens initiated coverage on Brookdale Senior Living in a research note on Thursday, April 9th. They set an “overweight” rating and a $18.00 target price for the company. Royal Bank Of Canada reissued an “outperform” rating on shares of Brookdale Senior Living in a research report on Friday, February 20th. Zacks Research raised Brookdale Senior Living from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Finally, Barclays upped their price target on Brookdale Senior Living to $18.00 and gave the company an “overweight” rating in a research report on Tuesday, February 3rd.

Institutional Investors Weigh In On Brookdale Senior Living

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP raised its position in shares of 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 acquiring an additional 2,282,151 shares in the last quarter. Maple Rock Capital Partners Inc. raised its position in shares of Brookdale Senior Living by 34.9% during the 4th quarter. Maple Rock Capital Partners Inc. now owns 8,497,048 shares of the company’s stock valued at $91,683,000 after acquiring an additional 2,199,000 shares in the last quarter. Bank of America Corp DE raised its position in shares of Brookdale Senior Living by 3.8% during the 2nd quarter. Bank of America Corp DE now owns 6,507,559 shares of the company’s stock valued at $45,293,000 after acquiring an additional 238,042 shares in the last quarter. Geode Capital Management LLC increased its position in Brookdale Senior Living by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 5,469,453 shares of the company’s stock worth $59,025,000 after buying an additional 42,375 shares during the period. Finally, State Street Corp increased its position in Brookdale Senior Living by 3.5% in the fourth quarter. State Street Corp now owns 5,408,898 shares of the company’s stock worth $58,362,000 after buying an additional 185,205 shares during the period.

Brookdale Senior Living Stock Performance

Brookdale Senior Living stock opened at $13.75 on Thursday. The business has a fifty day moving average of $14.62 and a two-hundred day moving average of $12.06. Brookdale Senior Living has a one year low of $5.79 and a one year high of $17.09. The company has a market cap of $3.27 billion, a P/E ratio of -12.39 and a beta of 0.73.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings results on Wednesday, February 18th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate 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%. Sell-side analysts predict that Brookdale Senior Living will post -0.56 EPS for the current year.

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.