Brookdale Senior Living (NYSE:BKD) Stock Rating Upgraded by Bank of America

Brookdale Senior Living (NYSE:BKD) was upgraded by investment analysts at Bank of America from an “underperform” rating to a “buy” rating in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a $13.00 price objective on the stock, up from their prior price objective of $6.75. Bank of America‘s target price indicates a potential upside of 19.98% from the company’s previous close.

A number of other research analysts have also recently issued reports on BKD. Barclays upgraded shares of Brookdale Senior Living from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $8.00 to $14.00 in a report on Monday, November 10th. Citigroup upgraded Brookdale Senior Living to a “buy” rating in a research note on Tuesday. Wall Street Zen raised Brookdale Senior Living from a “sell” rating to a “hold” rating in a report on Sunday, November 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of Brookdale Senior Living in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada lifted their target price on Brookdale Senior Living from $9.00 to $13.00 and gave the company an “outperform” rating in a research report on Monday, November 17th. Five investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $12.00.

Brookdale Senior Living Trading Down 0.0%

NYSE BKD opened at $10.84 on Tuesday. The company has a market cap of $2.57 billion, a price-to-earnings ratio of -8.27 and a beta of 0.67. Brookdale Senior Living has a 52 week low of $4.45 and a 52 week high of $11.38. The business has a 50 day moving average price of $10.41 and a 200-day moving average price of $8.69. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 39.87.

Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Thursday, November 6th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). The firm had revenue of $813.17 million during the quarter, compared to the consensus estimate of $825.59 million. Brookdale Senior Living had a negative return on equity of 173.75% and a negative net margin of 9.52%. As a group, equities analysts expect that Brookdale Senior Living will post -0.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Brookdale Senior Living

Several institutional investors have recently modified their holdings of BKD. Osaic Holdings Inc. raised its holdings in shares of Brookdale Senior Living by 7.1% in the 2nd quarter. Osaic Holdings Inc. now owns 20,177 shares of the company’s stock valued at $140,000 after acquiring an additional 1,331 shares in the last quarter. Militia Capital Partners LP increased its position in shares of Brookdale Senior Living by 5.8% in the first quarter. Militia Capital Partners LP now owns 25,600 shares of the company’s stock worth $160,000 after purchasing an additional 1,400 shares during the last quarter. Optimize Financial Inc raised its stake in Brookdale Senior Living by 8.5% in the first quarter. Optimize Financial Inc now owns 24,294 shares of the company’s stock valued at $152,000 after purchasing an additional 1,902 shares in the last quarter. KLP Kapitalforvaltning AS lifted its position in Brookdale Senior Living by 7.0% during the second quarter. KLP Kapitalforvaltning AS now owns 35,100 shares of the company’s stock valued at $244,000 after purchasing an additional 2,300 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in Brookdale Senior Living by 0.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 906,218 shares of the company’s stock worth $7,757,000 after buying an additional 2,810 shares in the last quarter.

About Brookdale Senior Living

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.