Brookdale Senior Living Inc. (NYSE:BKD) Given Average Recommendation of “Moderate Buy” by Brokerages

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

BKD has been the subject of a number of recent analyst reports. Bank of America upgraded Brookdale Senior Living from an “underperform” rating to a “buy” rating and upped their price objective for the company from $6.75 to $13.00 in a report on Tuesday, January 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Brookdale Senior Living in a report on Wednesday, January 21st. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Brookdale Senior Living in a research note on Friday, February 20th. Zacks Research upgraded shares of Brookdale Senior Living from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Finally, Citigroup upgraded shares of Brookdale Senior Living to a “buy” rating in a research report on Tuesday, January 6th.

Brookdale Senior Living Price Performance

Shares of BKD stock opened at $13.73 on Friday. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of -12.36 and a beta of 0.68. Brookdale Senior Living has a 12 month low of $4.97 and a 12 month high of $17.09. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 39.87. The stock has a 50-day moving average price of $14.62 and a 200 day moving average price of $11.38.

Brookdale Senior Living (NYSE:BKD) last released its earnings results on Wednesday, February 18th. The company reported ($0.17) earnings per share (EPS) 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 analyst estimates of $753.60 million. Brookdale Senior Living had a negative net margin of 8.22% and a negative return on equity of 305.28%. Research analysts expect that Brookdale Senior Living will post -0.56 EPS for the current year.

Institutional Investors Weigh In On Brookdale Senior Living

Hedge funds have recently bought and sold shares of the company. Maple Rock Capital Partners Inc. acquired a new stake in shares of Brookdale Senior Living during the second quarter worth $45,804,000. Senator Investment Group LP acquired a new position in Brookdale Senior Living in the 4th quarter worth $36,786,000. Assenagon Asset Management S.A. boosted its stake in Brookdale Senior Living by 192.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,821,952 shares of the company’s stock worth $32,372,000 after purchasing an additional 2,514,884 shares during the period. Mason Capital Management LLC bought a new position in Brookdale Senior Living during the 3rd quarter worth about $20,971,000. Finally, Wellington Management Group LLP increased its holdings in Brookdale Senior Living by 24.5% during the 3rd quarter. Wellington Management Group LLP now owns 11,609,307 shares of the company’s stock worth $98,331,000 after purchasing an additional 2,282,151 shares in the last quarter.

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.