Brookdale Senior Living Inc. (NYSE:BKD) Receives $16.50 Average Price Target from Analysts

Brookdale Senior Living Inc. (NYSE:BKD) has been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $16.50.

BKD has been the topic of a number of recent analyst reports. Royal Bank Of Canada reissued an “outperform” rating on shares of Brookdale Senior Living in a research report on Friday, February 20th. Zacks Research downgraded Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Stephens assumed coverage on Brookdale Senior Living in a research report on Thursday, April 9th. They issued an “overweight” rating and a $18.00 target price on the stock. Finally, Weiss Ratings downgraded Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th.

Hedge Funds Weigh In On Brookdale Senior Living

Institutional investors and hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its position in shares of Brookdale Senior Living by 44,583.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company’s stock valued at $29,000 after purchasing an additional 2,675 shares during the last quarter. Strs Ohio acquired a new position in shares of Brookdale Senior Living in the first quarter valued at approximately $70,000. FNY Investment Advisers LLC acquired a new position in shares of Brookdale Senior Living in the fourth quarter valued at approximately $62,000. Larson Financial Group LLC acquired a new position in shares of Brookdale Senior Living in the third quarter valued at approximately $59,000. Finally, KBC Group NV acquired a new position in shares of Brookdale Senior Living in the fourth quarter valued at approximately $84,000.

Brookdale Senior Living Stock Down 1.1%

Shares of NYSE BKD opened at $12.95 on Friday. The business’s 50 day moving average price is $13.36 and its two-hundred day moving average price is $13.12. The company has a market cap of $3.09 billion, a PE ratio of -15.06 and a beta of 0.63. Brookdale Senior Living has a twelve month low of $6.59 and a twelve month high of $17.09.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The business had revenue of $764.86 million for the quarter, compared to analyst estimates of $771.16 million. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 6.51%. As a group, research analysts anticipate that Brookdale Senior Living will post -0.1 EPS for the current fiscal year.

Brookdale Senior Living Company Profile

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.