Brookdale Senior Living Inc. (NYSE:BKD) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Brookdale Senior Living Inc. (NYSE:BKD) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $16.00.

A number of research firms recently commented on BKD. Bank of America raised Brookdale Senior Living from an “underperform” rating to a “buy” rating and increased their price objective for the company from $6.75 to $13.00 in a research note on Tuesday, January 6th. Royal Bank Of Canada reissued an “outperform” rating on shares of Brookdale Senior Living in a research note on Friday, February 20th. Citigroup upgraded shares of Brookdale Senior Living to a “buy” rating in a report 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, Zacks Research upgraded shares of Brookdale Senior Living from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th.

Institutional Trading of Brookdale Senior Living

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC raised its holdings in Brookdale Senior Living by 11.8% in the 4th quarter. Hsbc Holdings PLC now owns 94,844 shares of the company’s stock valued at $1,014,000 after acquiring an additional 10,003 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Brookdale Senior Living by 4.6% during the fourth quarter. Mackenzie Financial Corp now owns 63,893 shares of the company’s stock worth $686,000 after purchasing an additional 2,811 shares during the last quarter. Regal Partners Ltd purchased a new stake in shares of Brookdale Senior Living in the fourth quarter valued at $1,079,000. Adelante Capital Management LLC increased its stake in Brookdale Senior Living by 7.4% in the fourth quarter. Adelante Capital Management LLC now owns 1,088,545 shares of the company’s stock valued at $11,745,000 after purchasing an additional 75,364 shares during the last quarter. Finally, Voloridge Investment Management LLC increased its stake in Brookdale Senior Living by 304.1% in the fourth quarter. Voloridge Investment Management LLC now owns 1,563,328 shares of the company’s stock valued at $16,868,000 after purchasing an additional 1,176,505 shares during the last quarter.

Brookdale Senior Living Trading Down 2.7%

Shares of Brookdale Senior Living stock opened at $13.76 on Friday. Brookdale Senior Living has a 1 year low of $4.97 and a 1 year high of $17.09. The company has a debt-to-equity ratio of 39.87, a current ratio of 0.98 and a quick ratio of 0.98. The business has a 50 day moving average price of $14.40 and a 200 day moving average price of $11.23. The company has a market capitalization of $3.27 billion, a P/E ratio of -12.39 and a beta of 0.68.

Brookdale Senior Living (NYSE:BKD) last announced its 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). Brookdale Senior Living had a negative net margin of 8.22% and a negative return on equity of 305.28%. The company had revenue of $754.09 million for the quarter, compared to analyst estimates of $753.60 million. Sell-side analysts anticipate that Brookdale Senior Living will post -0.56 EPS for the current fiscal 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.