Brookdale Senior Living (NYSE:BKD) Cut to Hold at Zacks Research

Zacks Research downgraded shares of Brookdale Senior Living (NYSE:BKD) from a strong-buy rating to a hold rating in a research report report published on Tuesday morning,Zacks.com reports.

A number of other brokerages also recently commented on BKD. Citigroup raised Brookdale Senior Living to a “buy” rating in a report on Tuesday, January 6th. Bank of America upgraded shares of 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. Stephens started coverage on shares of Brookdale Senior Living in a research note on Thursday, April 9th. They issued an “overweight” rating and a $18.00 price target for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Brookdale Senior Living in a research note on Monday. Finally, Barclays lifted their price target on shares of Brookdale Senior Living to $18.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.50.

Brookdale Senior Living Stock Performance

Shares of NYSE BKD opened at $13.62 on Tuesday. Brookdale Senior Living has a 1 year low of $6.07 and a 1 year high of $17.09. The stock’s 50-day simple moving average is $14.39 and its 200-day simple moving average is $12.18. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of -12.27 and a beta of 0.73.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results 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%. As a group, research analysts predict that Brookdale Senior Living will post -0.04 EPS for the current year.

Institutional Investors Weigh In On Brookdale Senior Living

Several institutional investors and hedge funds have recently made changes to their positions in BKD. Caitong International Asset Management Co. Ltd raised its position in shares of Brookdale Senior Living by 44,583.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company’s stock valued at $29,000 after acquiring an additional 2,675 shares in the last quarter. Larson Financial Group LLC acquired a new stake in shares of Brookdale Senior Living during the 3rd quarter valued at approximately $59,000. Strs Ohio acquired a new stake in Brookdale Senior Living during the first quarter worth about $61,000. FNY Investment Advisers LLC acquired a new stake in Brookdale Senior Living during the fourth quarter worth about $62,000. Finally, Covestor Ltd raised its stake 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 acquiring an additional 3,428 shares during the period.

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.