Brookdale Senior Living (NYSE:BKD) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Monday. The brokerage presently has a $8.75 price target on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 11.32% from the stock’s previous close.

According to Zacks, “Brookdale Senior Living Inc. is a leading owner and operator of senior living facilities throughout the United States. The Company is committed to providing an exceptional living experience through properties that are designed, purpose-built and operated to provide the highest-quality service, care and living accommodations for residents. The Company owns and operates independent, assisted and dementia-care facilities. “

Several other equities analysts have also issued reports on BKD. JMP Securities boosted their price target on Brookdale Senior Living from $9.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, October 3rd. ValuEngine raised Brookdale Senior Living from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $8.00 price target on shares of Brookdale Senior Living in a research note on Sunday, November 18th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Brookdale Senior Living has a consensus rating of “Hold” and an average target price of $9.46.

Shares of BKD opened at $7.86 on Monday. Brookdale Senior Living has a 52-week low of $6.08 and a 52-week high of $10.39. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 4.64. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of -10.08 and a beta of 1.67.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Monday, November 5th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.08. Brookdale Senior Living had a negative return on equity of 14.72% and a negative net margin of 13.93%. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the firm earned ($2.22) earnings per share. The company’s revenue was down 4.9% compared to the same quarter last year.

In other Brookdale Senior Living news, Director Marcus E. Bromley purchased 6,300 shares of the company’s stock in a transaction on Tuesday, November 20th. The shares were purchased at an average cost of $7.86 per share, with a total value of $49,518.00. Following the completion of the purchase, the director now owns 41,059 shares in the company, valued at $322,723.74. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.20% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the company. Metropolitan Life Insurance Co. NY raised its position in shares of Brookdale Senior Living by 1,050.8% during the second quarter. Metropolitan Life Insurance Co. NY now owns 61,305 shares of the company’s stock worth $557,000 after purchasing an additional 55,978 shares during the period. BlackRock Inc. raised its position in shares of Brookdale Senior Living by 3.0% during the third quarter. BlackRock Inc. now owns 14,004,652 shares of the company’s stock worth $137,665,000 after purchasing an additional 408,090 shares during the period. Putnam Investments LLC raised its position in shares of Brookdale Senior Living by 47.1% during the third quarter. Putnam Investments LLC now owns 402,645 shares of the company’s stock worth $3,958,000 after purchasing an additional 128,845 shares during the period. MetLife Investment Advisors LLC acquired a new position in shares of Brookdale Senior Living during the second quarter worth approximately $789,000. Finally, Northern Trust Corp raised its position in shares of Brookdale Senior Living by 139.1% during the second quarter. Northern Trust Corp now owns 2,306,090 shares of the company’s stock worth $20,962,000 after purchasing an additional 1,341,649 shares during the period.

About Brookdale Senior Living

Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Retirement Centers, Assisted Living, CCRCs – Rental, Brookdale Ancillary Services, and Management Services. The Retirement Centers segment owns or leases communities comprising independent living and assisted living units in a single community that are primarily designed for middle to upper income senior citizens.

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Analyst Recommendations for Brookdale Senior Living (NYSE:BKD)

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