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

Brookdale Senior Living Inc. (NYSE:BKD) has been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $14.00.

Several analysts have recently weighed in on BKD shares. Bank of America upgraded 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. Royal Bank Of Canada reissued an “outperform” rating on shares of Brookdale Senior Living in a report on Friday, February 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brookdale Senior Living in a research note on Wednesday, January 21st. Citigroup upgraded shares of Brookdale Senior Living to a “buy” rating in a report on Tuesday, January 6th. Finally, Zacks Research upgraded Brookdale Senior Living from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th.

Brookdale Senior Living Stock Up 0.7%

Shares of NYSE:BKD opened at $15.28 on Wednesday. Brookdale Senior Living has a 52-week low of $4.97 and a 52-week high of $17.09. The company has a market capitalization of $3.63 billion, a PE ratio of -13.77 and a beta of 0.68. The company has a debt-to-equity ratio of 39.87, a quick ratio of 0.98 and a current ratio of 0.98. The company has a fifty day moving average of $13.35 and a 200-day moving average of $10.53.

Brookdale Senior Living (NYSE:BKD) last issued 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 firm had revenue of $754.09 million for the quarter, compared to the consensus estimate of $753.60 million. On average, equities analysts predict that Brookdale Senior Living will post -0.56 EPS for the current fiscal year.

Hedge Funds Weigh In On Brookdale Senior Living

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its position in Brookdale Senior Living by 3.4% during the 1st quarter. Royal Bank of Canada now owns 1,100,420 shares of the company’s stock valued at $6,888,000 after purchasing an additional 36,604 shares during the period. AQR Capital Management LLC lifted its position in shares of Brookdale Senior Living by 34.2% in the 1st quarter. AQR Capital Management LLC now owns 25,506 shares of the company’s stock worth $160,000 after purchasing an additional 6,507 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Brookdale Senior Living by 3.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 138,383 shares of the company’s stock valued at $866,000 after purchasing an additional 4,323 shares during the last quarter. Millennium Management LLC increased its position in shares of Brookdale Senior Living by 67.7% during the first quarter. Millennium Management LLC now owns 2,171,161 shares of the company’s stock worth $13,591,000 after buying an additional 876,222 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in Brookdale Senior Living during the first quarter worth $181,000.

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.