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

Brookdale Senior Living Inc. (NYSE:BKD) has earned a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $17.60.

BKD has been the topic of a number of research reports. Weiss Ratings lowered shares of Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Zacks Research cut Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Stephens began coverage on Brookdale Senior Living in a report on Thursday, April 9th. They issued an “overweight” rating and a $18.00 price objective on the stock. Finally, Compass Point initiated coverage on shares of Brookdale Senior Living in a research note on Monday, June 15th. They set a “buy” rating and a $22.00 target price on the stock.

Brookdale Senior Living Stock Down 0.2%

Brookdale Senior Living stock opened at $14.59 on Friday. The business’s 50-day moving average price is $14.21 and its 200 day moving average price is $14.11. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of -16.96 and a beta of 0.58. Brookdale Senior Living has a 52 week low of $6.99 and a 52 week high of $17.09.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The firm had revenue of $764.86 million during the quarter, compared to analyst estimates of $771.16 million. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 6.51%. Equities analysts expect that Brookdale Senior Living will post -0.1 EPS for the current year.

Institutional Investors Weigh In On Brookdale Senior Living

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BKD. Handelsbanken Fonder AB purchased a new stake in shares of Brookdale Senior Living in the 2nd quarter valued at $1,067,000. Tactive Advisors LLC acquired a new stake in shares of Brookdale Senior Living in the 2nd quarter valued at $191,000. Janus Henderson Group PLC lifted its holdings in Brookdale Senior Living by 387.4% during the 1st quarter. Janus Henderson Group PLC now owns 511,502 shares of the company’s stock worth $6,998,000 after buying an additional 406,564 shares during the last quarter. Amundi acquired a new position in Brookdale Senior Living in the first quarter valued at approximately $152,000. Finally, California State Teachers Retirement System grew its position in shares of Brookdale Senior Living by 24.9% in the 1st quarter. California State Teachers Retirement System now owns 268,379 shares of the company’s stock valued at $3,671,000 after buying an additional 53,487 shares during 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.