Brookdale Senior Living Inc. (NYSE:BKD) Given Average Rating of “Buy” by Brokerages

Shares of Brookdale Senior Living Inc. (NYSE:BKD) have earned a consensus recommendation of “Buy” from the seven research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $16.50.

A number of research analysts recently commented on the company. Bank of America raised Brookdale Senior Living from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $6.75 to $13.00 in a report on Tuesday, January 6th. Barclays increased their price objective on shares of Brookdale Senior Living to $18.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookdale Senior Living in a research report on Wednesday, January 21st. Stephens started coverage on shares of Brookdale Senior Living in a report on Thursday, April 9th. They issued an “overweight” rating and a $18.00 target price on the stock. Finally, Zacks Research upgraded shares of Brookdale Senior Living from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BKD. Wellington Management Group LLP increased its holdings in shares of Brookdale Senior Living by 24.5% in the third quarter. Wellington Management Group LLP now owns 11,609,307 shares of the company’s stock worth $98,331,000 after purchasing an additional 2,282,151 shares during the last quarter. Maple Rock Capital Partners Inc. lifted its position in shares of Brookdale Senior Living by 34.9% in the fourth quarter. Maple Rock Capital Partners Inc. now owns 8,497,048 shares of the company’s stock worth $91,683,000 after buying an additional 2,199,000 shares in the last quarter. Bank of America Corp DE boosted its stake in Brookdale Senior Living by 3.8% during the second quarter. Bank of America Corp DE now owns 6,507,559 shares of the company’s stock valued at $45,293,000 after buying an additional 238,042 shares during the last quarter. Geode Capital Management LLC boosted its stake in Brookdale Senior Living by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 5,469,453 shares of the company’s stock valued at $59,025,000 after buying an additional 42,375 shares during the last quarter. Finally, State Street Corp grew its holdings in Brookdale Senior Living by 3.5% during the 4th quarter. State Street Corp now owns 5,408,898 shares of the company’s stock valued at $58,362,000 after buying an additional 185,205 shares in the last quarter.

Brookdale Senior Living Stock Down 1.6%

NYSE:BKD opened at $13.53 on Thursday. The business’s 50-day simple moving average is $14.57 and its two-hundred day simple moving average is $12.12. The stock has a market cap of $3.22 billion, a PE ratio of -12.18 and a beta of 0.73. Brookdale Senior Living has a 52 week low of $5.79 and a 52 week high of $17.09.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings data on Wednesday, February 18th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). Brookdale Senior Living had a negative return on equity of 305.28% and a negative net margin of 8.22%.The business had revenue of $754.09 million during the quarter, compared to the consensus estimate of $753.60 million. Sell-side analysts anticipate that Brookdale Senior Living will post -0.04 earnings per share 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.