Brookdale Senior Living (NYSE:BKD) Stock Gets Price Target Cut from Stephens

Brookdale Senior Living (NYSE:BKD) had its price target reduced by stock analysts at Stephens from $17.00 to $12.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Stephens‘s price objective points to a potential upside of 31.65% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Zacks Research raised Brookdale Senior Living from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. Barclays cut their price objective on Brookdale Senior Living from $18.00 to $17.00 and set an “overweight” rating on the stock in a report on Tuesday, August 11th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookdale Senior Living in a research report on Monday, August 24th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Brookdale Senior Living currently has an average rating of “Moderate Buy” and a consensus target price of $16.20.

Brookdale Senior Living Stock Up 1.2%

BKD opened at $9.12 on Monday. Brookdale Senior Living has a 12 month low of $8.02 and a 12 month high of $17.09. The company has a fifty day simple moving average of $10.90 and a 200 day simple moving average of $13.26. The stock has a market cap of $2.18 billion, a P/E ratio of -56.97, a P/E/G ratio of 4.34 and a beta of 0.55.

Brookdale Senior Living (NYSE:BKD) last posted its earnings results on Friday, November 6th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The business had revenue of $712.07 million for the quarter, compared to the consensus estimate of $721.26 million. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 1.27%. On average, equities research analysts expect that Brookdale Senior Living will post 0.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Brookdale Senior Living

A number of hedge funds and other institutional investors have recently made changes to their positions in BKD. Gagnon Advisors LLC bought a new stake in Brookdale Senior Living in the 3rd quarter valued at $3,989,000. Gagnon Securities LLC bought a new position in Brookdale Senior Living during the 3rd quarter worth about $8,005,000. Calamos Advisors LLC bought a new position in Brookdale Senior Living during the 3rd quarter worth about $110,000. VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in Brookdale Senior Living by 86.9% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 255,285 shares of the company’s stock worth $2,765,000 after purchasing an additional 118,700 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Brookdale Senior Living by 1,268.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,315,247 shares of the company’s stock valued at $14,244,000 after purchasing an additional 1,219,166 shares during the period.

Brookdale Senior Living Company Profile

Brookdale Senior Living Inc operates senior living communities in the United States, serving older adults with a range of housing and care options. Its offerings include independent living, assisted living and memory care, with services tailored to residents’ needs and levels of independence.

Community services may include meals, housekeeping, transportation, wellness programs and social activities, alongside personal assistance and specialized support for residents with memory-related conditions.