Royal Bank Of Canada Lowers Brookdale Senior Living Inc. (BKD) Price Target to $13.00
Brookdale Senior Living Inc. (NYSE:BKD) had its target price cut by Royal Bank Of Canada from $16.00 to $13.00 in a research note published on Wednesday morning. They currently have an outperform rating on the stock.
A number of other analysts also recently issued reports on BKD. Jefferies Group LLC reissued a buy rating and issued a $16.50 price objective on shares of Brookdale Senior Living in a report on Friday, July 14th. BidaskClub downgraded shares of Brookdale Senior Living from a hold rating to a sell rating in a report on Wednesday, July 19th. Stifel Nicolaus cut their price target on shares of Brookdale Senior Living from $20.00 to $16.00 and set a buy rating for the company in a report on Tuesday, August 8th. Zacks Investment Research downgraded shares of Brookdale Senior Living from a hold rating to a strong sell rating in a report on Thursday, August 10th. Finally, ValuEngine downgraded shares of Brookdale Senior Living from a buy rating to a hold rating in a report on Monday, August 28th. Three analysts have rated the stock with a sell rating and four have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of C$15.30.
Brookdale Senior Living (NYSE BKD) traded down C$0.01 during midday trading on Wednesday, reaching C$10.23. 2,430,000 shares of the company’s stock were exchanged, compared to its average volume of 3,909,468. The company has a quick ratio of 0.52, a current ratio of 0.83 and a debt-to-equity ratio of 3.23. Brookdale Senior Living has a 52-week low of C$8.78 and a 52-week high of C$16.31.
Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings data on Monday, November 6th. The company reported C($2.22) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C($0.25) by C($1.97). The business had revenue of C$1.17 billion during the quarter, compared to the consensus estimate of C$1.16 billion. Brookdale Senior Living had a negative net margin of 17.85% and a negative return on equity of 0.79%. The business’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.28) EPS. research analysts forecast that Brookdale Senior Living will post -2.08 EPS for the current fiscal year.
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Institutional investors have recently modified their holdings of the company. Royce & Associates LP lifted its holdings in shares of Brookdale Senior Living by 6.2% during the 2nd quarter. Royce & Associates LP now owns 1,096,000 shares of the company’s stock worth $16,122,000 after acquiring an additional 63,500 shares during the period. IMS Capital Management lifted its stake in Brookdale Senior Living by 2.6% in the 2nd quarter. IMS Capital Management now owns 70,455 shares of the company’s stock valued at $1,036,000 after purchasing an additional 1,803 shares during the last quarter. Prudential Financial Inc. lifted its stake in Brookdale Senior Living by 57.8% in the 2nd quarter. Prudential Financial Inc. now owns 1,112,727 shares of the company’s stock valued at $16,368,000 after purchasing an additional 407,604 shares during the last quarter. Nomura Holdings Inc. bought a new position in Brookdale Senior Living in the 2nd quarter valued at approximately $432,000. Finally, Kennedy Capital Management Inc. lifted its stake in Brookdale Senior Living by 90.2% in the 2nd quarter. Kennedy Capital Management Inc. now owns 539,989 shares of the company’s stock valued at $7,943,000 after purchasing an additional 256,066 shares during the last quarter. 98.28% of the stock is owned by institutional investors.
About Brookdale Senior Living
Brookdale Senior Living Inc operates senior living communities in the United States. The Company operates independent living, assisted living and dementia-care communities, and continuing care retirement centers (CCRCs). It operates through five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services and Management Services.
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