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

Brookdale Senior Living (NYSE:BKD)‘s stock had its “outperform” rating reiterated by stock analysts at Royal Bank of Canada in a research note issued on Thursday,Benzinga reports. They currently have a $8.00 target price on the stock. Royal Bank of Canada’s price target indicates a potential upside of 38.53% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on BKD. Barclays initiated coverage on Brookdale Senior Living in a report on Tuesday, April 1st. They issued an “equal weight” rating and a $7.00 price target on the stock. Macquarie restated an “outperform” rating and issued a $8.00 price target on shares of Brookdale Senior Living in a report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $7.40.

Brookdale Senior Living Stock Performance

BKD stock traded down $0.12 during trading on Thursday, hitting $5.78. The company had a trading volume of 794,243 shares, compared to its average volume of 2,268,774. The firm has a market cap of $1.16 billion, a PE ratio of -6.51 and a beta of 0.87. Brookdale Senior Living has a 1-year low of $4.45 and a 1-year high of $8.12. The firm has a 50-day moving average price of $5.60 and a 200-day moving average price of $5.58. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 20.05.

Brookdale Senior Living (NYSE:BKD) last released its earnings results on Tuesday, February 18th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.21). The business had revenue of $780.95 million for the quarter, compared to analyst estimates of $781.78 million. Brookdale Senior Living had a negative return on equity of 65.92% and a negative net margin of 6.46%. On average, analysts expect that Brookdale Senior Living will post -0.56 earnings per share for the current year.

Institutional Investors Weigh In On Brookdale Senior Living

A number of institutional investors and hedge funds have recently bought and sold shares of BKD. R Squared Ltd purchased a new position in shares of Brookdale Senior Living during the 4th quarter worth $33,000. GAMMA Investing LLC lifted its stake in shares of Brookdale Senior Living by 1,999.4% during the 1st quarter. GAMMA Investing LLC now owns 7,180 shares of the company’s stock worth $45,000 after purchasing an additional 6,838 shares during the period. Lazard Asset Management LLC lifted its stake in shares of Brookdale Senior Living by 6,029.2% during the 4th quarter. Lazard Asset Management LLC now owns 9,868 shares of the company’s stock worth $49,000 after purchasing an additional 9,707 shares during the period. Crestline Management LP purchased a new position in shares of Brookdale Senior Living during the 4th quarter worth $64,000. Finally, Freestone Grove Partners LP purchased a new position in shares of Brookdale Senior Living during the 4th quarter worth $65,000.

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.