Brookdale Senior Living’s (BKD) “Outperform” Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of Brookdale Senior Living (NYSE:BKD) in a research report sent to investors on Friday,Benzinga reports. They currently have a $8.00 target price on the stock.

Several other brokerages have also weighed in on BKD. Bank of America lowered Brookdale Senior Living from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $7.75 to $6.00 in a research report on Monday, October 7th. Jefferies Financial Group started coverage on shares of Brookdale Senior Living in a report on Wednesday, October 16th. They issued a “buy” rating and a $8.00 price objective on the stock. Finally, Macquarie reissued an “outperform” rating and set a $8.00 target price on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $7.50.

Brookdale Senior Living Trading Up 2.6 %

NYSE BKD opened at $5.13 on Friday. The company has a debt-to-equity ratio of 14.46, a quick ratio of 0.81 and a current ratio of 0.81. Brookdale Senior Living has a one year low of $4.89 and a one year high of $8.12. The company has a 50-day simple moving average of $5.73 and a 200-day simple moving average of $6.52. The firm has a market capitalization of $1.02 billion, a PE ratio of -5.58 and a beta of 1.29.

Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Wednesday, November 6th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The company had revenue of $784.17 million during the quarter, compared to analyst estimates of $785.61 million. Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 59.06%. During the same quarter in the previous year, the firm earned ($0.22) earnings per share. On average, equities analysts forecast that Brookdale Senior Living will post -0.7 earnings per share for the current year.

Insider Activity at Brookdale Senior Living

In related news, Director Lee S. Wielansky sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $5.62, for a total transaction of $56,200.00. Following the transaction, the director now owns 211,382 shares in the company, valued at $1,187,966.84. This trade represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Brookdale Senior Living

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new stake in shares of Brookdale Senior Living in the second quarter valued at $25,000. Headlands Technologies LLC bought a new position in shares of Brookdale Senior Living during the 2nd quarter valued at about $26,000. Innealta Capital LLC bought a new stake in shares of Brookdale Senior Living in the 2nd quarter worth approximately $52,000. Sei Investments Co. bought a new stake in shares of Brookdale Senior Living in the 2nd quarter worth approximately $81,000. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in Brookdale Senior Living during the second quarter valued at approximately $100,000.

About Brookdale Senior Living

Brookdale Senior Living Inc owns, manages, and operates senior living communities in the United States. It operates in three segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). The Independent Living segment owns or leases communities comprising independent and assisted living units in a single community that are primarily designed for middle to upper income seniors.