Stephens Initiates Coverage on Brookdale Senior Living (NYSE:BKD)

Stock analysts at Stephens assumed coverage on shares of Brookdale Senior Living (NYSE:BKD) in a research note issued on Thursday. The firm set an “overweight” rating and a $18.00 price target on the stock. Stephens’ price target indicates a potential upside of 27.82% from the stock’s current price.

BKD has been the topic of several other reports. Bank of America upgraded shares of Brookdale Senior Living from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $6.75 to $13.00 in a research report on Tuesday, January 6th. Royal Bank Of Canada restated an “outperform” rating on shares of Brookdale Senior Living in a report on Friday, February 20th. Citigroup raised Brookdale Senior Living to a “buy” rating in a research report on Tuesday, January 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookdale Senior Living in a report on Wednesday, January 21st. Finally, Zacks Research raised Brookdale Senior Living from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Brookdale Senior Living has a consensus rating of “Moderate Buy” and an average target price of $16.50.

Brookdale Senior Living Stock Performance

BKD opened at $14.08 on Thursday. The company has a market capitalization of $3.35 billion, a PE ratio of -12.69 and a beta of 0.73. The stock’s fifty day moving average is $14.84 and its 200-day moving average is $11.80. Brookdale Senior Living has a one year low of $4.97 and a one year high of $17.09.

Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Wednesday, February 18th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). The business had revenue of $754.09 million for the quarter, compared to the consensus estimate of $753.60 million. Brookdale Senior Living had a negative return on equity of 305.28% and a negative net margin of 8.22%. On average, equities research analysts forecast that Brookdale Senior Living will post -0.56 EPS for the current fiscal year.

Institutional Trading of Brookdale Senior Living

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