Brookdale Senior Living (NYSE:BKD) Upgraded at Barclays

Brookdale Senior Living (NYSE:BKD) was upgraded by Barclays from an “equal weight” rating to an “overweight” rating in a report released on Monday, Marketbeat.com reports. The firm currently has a $14.00 price target on the stock. Barclays‘s price objective would suggest a potential upside of 38.41% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Wall Street Zen raised Brookdale Senior Living from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Brookdale Senior Living in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Brookdale Senior Living has an average rating of “Moderate Buy” and an average price target of $10.33.

Brookdale Senior Living Trading Up 7.3%

Shares of BKD traded up $0.69 during trading hours on Monday, hitting $10.12. 901,228 shares of the stock traded hands, compared to its average volume of 2,902,184. The business has a fifty day moving average of $8.37 and a 200-day moving average of $7.53. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 39.87. The firm has a market capitalization of $2.37 billion, a PE ratio of -9.62 and a beta of 0.96. Brookdale Senior Living has a 1-year low of $4.45 and a 1-year high of $10.14.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.04). Brookdale Senior Living had a negative return on equity of 107.19% and a negative net margin of 7.60%.The company had revenue of $813.17 million during the quarter, compared to the consensus estimate of $825.59 million. Analysts expect that Brookdale Senior Living will post -0.56 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BKD. PNC Financial Services Group Inc. bought a new stake in Brookdale Senior Living during the first quarter worth about $47,000. Covestor Ltd lifted its holdings in shares of Brookdale Senior Living by 55.8% during the 3rd quarter. Covestor Ltd now owns 9,576 shares of the company’s stock worth $81,000 after acquiring an additional 3,428 shares during the period. Strs Ohio acquired a new stake in shares of Brookdale Senior Living during the 1st quarter worth approximately $61,000. Levin Capital Strategies L.P. acquired a new stake in shares of Brookdale Senior Living during the 3rd quarter worth approximately $85,000. Finally, Oppenheimer Asset Management Inc. bought a new position in Brookdale Senior Living in the third quarter valued at approximately $85,000.

About Brookdale Senior Living

Brookdale Senior Living Inc owns, manages, and operates senior living communities in the United States. It operates in three segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). The Independent Living segment owns or leases communities comprising independent and assisted living units in a single community that are primarily designed for middle to upper income seniors.