Brookdale Senior Living (NYSE:BKD) Stock Rating Cut to “Strong Sell” at Zacks Research

Brookdale Senior Living (NYSE:BKD) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “strong sell” rating in a research report issued to clients and investors on Monday, Zacks reports.

A number of other research firms have also weighed in on BKD. Stephens lowered their target price on shares of Brookdale Senior Living from $17.00 to $12.00 and set an “overweight” rating on the stock in a report on Monday. Barclays cut their price target on Brookdale Senior Living from $17.00 to $14.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Brookdale Senior Living in a report on Monday, August 24th. Six investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat, Brookdale Senior Living has an average rating of “Moderate Buy” and an average price target of $15.60.

Brookdale Senior Living Stock Performance

BKD opened at $9.36 on Monday. The company’s fifty day moving average price is $10.80 and its two-hundred day moving average price is $13.23. Brookdale Senior Living has a 1-year low of $8.79 and a 1-year high of $17.09.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings data on Friday, November 6th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The business had revenue of $712.07 million during the quarter, compared to the consensus estimate of $721.26 million. Brookdale Senior Living had a negative net margin of 1.27% and a negative return on equity of 15,050.32%. Equities analysts forecast that Brookdale Senior Living will post -0.05 earnings per share for the current year.

Institutional Trading of Brookdale Senior Living

Several institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Brookdale Senior Living in the second quarter valued at about $43,000. Public Employees Retirement System of Ohio bought a new position in shares of Brookdale Senior Living during the second quarter valued at about $53,000. Nykredit A S purchased a new position in Brookdale Senior Living during the second quarter worth about $57,000. Persistent Asset Partners Ltd purchased a new position in Brookdale Senior Living during the second quarter worth about $66,000. Finally, Calamos Advisors LLC bought a new stake in Brookdale Senior Living in the 3rd quarter worth about $110,000.

About Brookdale Senior Living

Brookdale Senior Living Inc. operates senior living communities in the United States, serving older adults with a range of housing and care options. Its offerings include independent living, assisted living and memory care, with services tailored to residents’ needs and levels of independence. Community services may include meals, housekeeping, transportation, wellness programs and social activities, alongside personal assistance and specialized support for residents with memory-related conditions.