Brookdale Senior Living (NYSE:BKD) Rating Increased to Strong-Buy at Compass Point

Compass Point upgraded shares of Brookdale Senior Living (NYSE:BKD) to a strong-buy rating in a research note released on Monday morning,Zacks.com reports.

Several other analysts have also recently weighed in on the stock. Zacks Research cut shares of Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Royal Bank Of Canada reiterated an “outperform” rating on shares of Brookdale Senior Living in a report on Friday, February 20th. Stephens assumed coverage on Brookdale Senior Living in a research report on Thursday, April 9th. They issued an “overweight” rating and a $18.00 price objective for the company. Finally, Weiss Ratings downgraded Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.60.

Brookdale Senior Living Trading Up 1.0%

BKD stock opened at $13.56 on Monday. The company has a market cap of $3.24 billion, a price-to-earnings ratio of -15.77 and a beta of 0.63. The firm has a 50-day moving average of $13.34 and a two-hundred day moving average of $13.15. Brookdale Senior Living has a 12 month low of $6.59 and a 12 month high of $17.09.

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

Hedge Funds Weigh In On Brookdale Senior Living

A number of institutional investors have recently modified their holdings of BKD. Caitong International Asset Management Co. Ltd raised its position in Brookdale Senior Living by 44,583.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company’s stock valued at $29,000 after purchasing an additional 2,675 shares during the last quarter. Larson Financial Group LLC purchased a new position in Brookdale Senior Living during the 3rd quarter worth $59,000. Strs Ohio acquired a new position in Brookdale Senior Living in the first quarter valued at $61,000. FNY Investment Advisers LLC acquired a new position in Brookdale Senior Living in the fourth quarter valued at $62,000. Finally, KBC Group NV purchased a new stake in shares of Brookdale Senior Living in the fourth quarter valued at about $84,000.

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.