Royal Bank Of Canada Forecasts Strong Price Appreciation for Brookdale Senior Living (NYSE:BKD) Stock

Brookdale Senior Living (NYSE:BKD) had its price target upped by equities research analysts at Royal Bank Of Canada from $13.00 to $17.00 in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 21.65% from the stock’s current price.

Several other research firms have also weighed in on BKD. Citigroup upgraded shares of Brookdale Senior Living to a “buy” rating in a research note on Tuesday, January 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Brookdale Senior Living in a report on Wednesday, January 21st. Wall Street Zen upgraded Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Sunday, November 23rd. Barclays increased their target price on Brookdale Senior Living to $15.00 and gave the stock an “overweight” rating in a research report on Thursday, January 22nd. Finally, Bank of America raised shares of Brookdale Senior Living from an “underperform” rating to a “buy” rating and boosted their price target for the company from $6.75 to $13.00 in a report on Tuesday, January 6th. Five research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $13.25.

Brookdale Senior Living Stock Up 6.6%

Shares of BKD stock traded up $0.87 during trading hours on Thursday, hitting $13.98. 3,151,843 shares of the company were exchanged, compared to its average volume of 4,735,641. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of -10.68 and a beta of 0.67. Brookdale Senior Living has a one year low of $4.45 and a one year high of $14.11. The business’s 50-day simple moving average is $11.16 and its two-hundred day simple moving average is $9.26. The company has a debt-to-equity ratio of 39.87, a quick ratio of 0.84 and a current ratio of 0.84.

Brookdale Senior Living (NYSE:BKD) last released its earnings results on Thursday, November 6th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). Brookdale Senior Living had a negative return on equity of 173.75% and a negative net margin of 9.52%.The firm had revenue of $813.17 million for the quarter, compared to the consensus estimate of $825.59 million. Sell-side analysts predict that Brookdale Senior Living will post -0.56 EPS for the current fiscal year.

Institutional Investors Weigh In On Brookdale Senior Living

A number of institutional investors have recently added to or reduced their stakes in BKD. FNY Investment Advisers LLC purchased a new position in Brookdale Senior Living in the 4th quarter worth about $62,000. Larson Financial Group LLC purchased a new stake in Brookdale Senior Living during the third quarter valued at about $59,000. KBC Group NV acquired a new position in shares of Brookdale Senior Living in the fourth quarter worth about $84,000. Covestor Ltd increased its position in shares of Brookdale Senior Living by 55.8% in 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 in the last quarter. Finally, Strs Ohio purchased a new position in shares of Brookdale Senior Living in the first quarter worth approximately $61,000.

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.