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

Shares of Brookdale Senior Living Inc. (NYSE:BKD) have received a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $13.25.

BKD has been the subject of a number of analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookdale Senior Living in a research note on Wednesday, January 21st. Barclays lifted their price objective on shares of Brookdale Senior Living to $15.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. Bank of America upgraded shares of Brookdale Senior Living from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $6.75 to $13.00 in a report on Tuesday, January 6th. Citigroup upgraded Brookdale Senior Living to a “buy” rating in a report on Tuesday, January 6th. Finally, Wall Street Zen raised Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Sunday, November 23rd.

Brookdale Senior Living Price Performance

BKD opened at $15.00 on Friday. The stock has a fifty day moving average price of $11.33 and a 200 day moving average price of $9.35. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 39.87. Brookdale Senior Living has a 1 year low of $4.45 and a 1 year high of $15.06. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of -11.45 and a beta of 0.67.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). The firm had revenue of $813.17 million for the quarter, compared to analysts’ expectations of $825.59 million. Brookdale Senior Living had a negative return on equity of 173.75% and a negative net margin of 9.52%. Analysts forecast 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 large investors have recently added to or reduced their stakes in the stock. ANTIPODES PARTNERS Ltd raised its position in shares of Brookdale Senior Living by 3.4% in the second quarter. ANTIPODES PARTNERS Ltd now owns 14,151,773 shares of the company’s stock valued at $98,504,000 after purchasing an additional 467,273 shares during the period. Wellington Management Group LLP raised its holdings in Brookdale Senior Living by 24.5% in the 3rd quarter. Wellington Management Group LLP now owns 11,609,307 shares of the company’s stock worth $98,331,000 after acquiring an additional 2,282,151 shares during the period. Maple Rock Capital Partners Inc. acquired a new position in Brookdale Senior Living during the 2nd quarter worth $45,804,000. Bank of America Corp DE lifted its position in Brookdale Senior Living by 3.8% during the 2nd quarter. Bank of America Corp DE now owns 6,507,559 shares of the company’s stock worth $45,293,000 after acquiring an additional 238,042 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Brookdale Senior Living by 18.5% during the second quarter. Geode Capital Management LLC now owns 5,361,195 shares of the company’s stock valued at $37,320,000 after acquiring an additional 838,862 shares during the period.

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.