Analysts Set Brookdale Senior Living Inc. (NYSE:BKD) Target Price at $17.60

Brookdale Senior Living Inc. (NYSE:BKD) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $17.60.

A number of analysts recently commented on BKD shares. Zacks Research lowered Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Compass Point assumed coverage on shares of Brookdale Senior Living in a research report on Monday, June 15th. They set a “buy” rating and a $22.00 price objective on the stock. Weiss Ratings lowered shares of Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. Finally, Stephens started coverage on shares of Brookdale Senior Living in a research report on Thursday, April 9th. They issued an “overweight” rating and a $18.00 target price for the company.

Brookdale Senior Living Trading Up 2.1%

Brookdale Senior Living stock opened at $15.46 on Friday. The firm has a market cap of $3.69 billion, a P/E ratio of -17.98 and a beta of 0.58. Brookdale Senior Living has a 1-year low of $6.99 and a 1-year high of $17.09. The firm has a 50-day moving average of $14.08 and a 200-day moving average of $14.02.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). Brookdale Senior Living had a negative net margin of 6.51% and a negative return on equity of 15,050.32%. The business had revenue of $764.86 million for the quarter, compared to analysts’ expectations of $771.16 million. Research analysts forecast that Brookdale Senior Living will post -0.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Brookdale Senior Living

A number of institutional investors have recently bought and sold shares of BKD. Caitong International Asset Management Co. Ltd boosted its position in 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. Strs Ohio bought a new position in shares of Brookdale Senior Living in the 1st quarter worth approximately $70,000. FNY Investment Advisers LLC purchased a new position in shares of Brookdale Senior Living in the 4th quarter valued at approximately $62,000. Larson Financial Group LLC purchased a new position in shares of Brookdale Senior Living in the 3rd quarter valued at approximately $59,000. Finally, KBC Group NV purchased a new position in shares of Brookdale Senior Living in the 4th quarter valued at approximately $84,000.

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.