Brookdale Senior Living (NYSE:BKD) received a $9.00 price target from equities research analysts at Jefferies Group in a research report issued on Friday. The firm currently has a “buy” rating on the stock. Jefferies Group’s price objective would suggest a potential upside of 31.96% from the stock’s previous close. Jefferies Group also issued estimates for Brookdale Senior Living’s FY2019 earnings at ($0.74) EPS.
Other analysts have also recently issued reports about the company. Stifel Nicolaus cut Brookdale Senior Living from a “buy” rating to a “hold” rating and reduced their price target for the company from $14.00 to $9.00 in a report on Thursday. Zacks Investment Research cut Brookdale Senior Living from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. Stephens set a $16.00 price objective on Brookdale Senior Living and gave the company a “buy” rating in a research note on Monday, November 20th. Finally, Royal Bank of Canada dropped their price objective on Brookdale Senior Living from $16.00 to $13.00 and set an “outperform” rating for the company in a research note on Wednesday, November 8th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $12.60.
Shares of Brookdale Senior Living (NYSE:BKD) opened at $6.82 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 3.23. The company has a market capitalization of $1,339.59, a P/E ratio of -2.22 and a beta of 1.64. Brookdale Senior Living has a 1-year low of $6.70 and a 1-year high of $15.66.
Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings results on Thursday, February 22nd. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.01). The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. Brookdale Senior Living had a negative net margin of 12.04% and a negative return on equity of 8.10%. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.45) earnings per share. sell-side analysts anticipate that Brookdale Senior Living will post -0.87 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dorsey & Whitney Trust CO LLC purchased a new position in Brookdale Senior Living in the 3rd quarter valued at approximately $122,000. PEAK6 Investments L.P. purchased a new position in Brookdale Senior Living in the 4th quarter valued at approximately $134,000. State of Alaska Department of Revenue purchased a new position in Brookdale Senior Living in the 4th quarter valued at approximately $148,000. Two Sigma Securities LLC purchased a new position in Brookdale Senior Living in the 4th quarter valued at approximately $155,000. Finally, Nine Chapters Capital Management LLC purchased a new position in Brookdale Senior Living in the 3rd quarter valued at approximately $171,000. 95.65% of the stock is owned by hedge funds and other institutional investors.
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Brookdale Senior Living Company Profile
Brookdale Senior Living Inc operates senior living communities in the United States. The Company operates independent living, assisted living and dementia-care communities, and continuing care retirement centers (CCRCs). It operates through five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services and Management Services.
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