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

Brookdale Senior Living Inc. (NYSE:BKD) has been assigned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $17.60.

A number of research analysts have recently commented on BKD shares. Stephens initiated coverage on Brookdale Senior Living in a research note on Thursday, April 9th. They set an “overweight” rating and a $18.00 target price on the stock. Weiss Ratings lowered Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Zacks Research cut Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, Compass Point assumed coverage on Brookdale Senior Living in a research report on Monday, June 15th. They issued a “buy” rating and a $22.00 price objective on the stock.

Institutional Trading of Brookdale Senior Living

A number of large investors have recently made changes to their positions in the stock. Quinn Opportunity Partners LLC lifted its holdings in Brookdale Senior Living by 183.0% during the 3rd quarter. Quinn Opportunity Partners LLC now owns 402,090 shares of the company’s stock valued at $3,406,000 after buying an additional 260,000 shares in the last quarter. Victory Capital Management Inc. grew its stake in Brookdale Senior Living by 16.8% in the 3rd quarter. Victory Capital Management Inc. now owns 2,493,480 shares of the company’s stock worth $21,120,000 after acquiring an additional 358,012 shares in the last quarter. Iron Triangle Partners LP grew its stake in Brookdale Senior Living by 67.0% in the 3rd quarter. Iron Triangle Partners LP now owns 2,838,361 shares of the company’s stock worth $24,041,000 after acquiring an additional 1,138,361 shares in the last quarter. Mason Capital Management LLC purchased a new position in shares of Brookdale Senior Living during the third quarter worth approximately $20,971,000. Finally, American Century Companies Inc. increased its position in shares of Brookdale Senior Living by 2.3% during the third quarter. American Century Companies Inc. now owns 3,534,675 shares of the company’s stock worth $29,939,000 after acquiring an additional 79,962 shares during the period.

Brookdale Senior Living Trading Up 0.4%

Shares of BKD stock traded up $0.06 during trading hours on Tuesday, reaching $15.63. 605,584 shares of the stock were exchanged, compared to its average volume of 4,462,136. Brookdale Senior Living has a 12-month low of $6.68 and a 12-month high of $17.09. The company’s 50-day moving average price is $13.69 and its 200-day moving average price is $13.60. The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of -18.17 and a beta of 0.58.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The firm had revenue of $764.86 million for the quarter, compared to the consensus estimate of $771.16 million. Brookdale Senior Living had a negative net margin of 6.51% and a negative return on equity of 15,050.32%. On average, sell-side analysts expect that Brookdale Senior Living will post -0.1 EPS for the current year.

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.