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

Brookdale Senior Living (NYSE:BKD) was upgraded by stock analysts at Stephens to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

BKD has been the subject of several other reports. Zacks Research upgraded Brookdale Senior Living from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Weiss Ratings restated a “sell (d-)” rating on shares of Brookdale Senior Living in a research report on Wednesday, January 21st. Royal Bank Of Canada restated an “outperform” rating on shares of Brookdale Senior Living in a research report on Friday, February 20th. Barclays boosted their target price on Brookdale Senior Living to $18.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 3rd. Finally, Bank of America upgraded Brookdale Senior Living from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $6.75 to $13.00 in a research report on Tuesday, January 6th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $16.50.

Brookdale Senior Living Stock Down 2.4%

Shares of BKD stock opened at $13.79 on Wednesday. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of -12.42 and a beta of 0.73. Brookdale Senior Living has a 12 month low of $5.61 and a 12 month high of $17.09. The stock has a 50-day moving average price of $14.82 and a 200 day moving average price of $11.81.

Brookdale Senior Living (NYSE:BKD) last posted its earnings results on Wednesday, February 18th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.01). The company had revenue of $754.09 million for the quarter, compared to analyst estimates of $753.60 million. Brookdale Senior Living had a negative return on equity of 305.28% and a negative net margin of 8.22%. Sell-side analysts predict that Brookdale Senior Living will post -0.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Brookdale Senior Living

Several institutional investors and hedge funds have recently modified their holdings of BKD. Maple Rock Capital Partners Inc. acquired a new position in shares of Brookdale Senior Living in the 2nd quarter valued at approximately $45,804,000. Senator Investment Group LP acquired a new position in shares of Brookdale Senior Living in the 4th quarter valued at approximately $36,786,000. Assenagon Asset Management S.A. grew its position in shares of Brookdale Senior Living by 192.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,821,952 shares of the company’s stock valued at $32,372,000 after purchasing an additional 2,514,884 shares during the period. Mason Capital Management LLC acquired a new position in shares of Brookdale Senior Living in the 3rd quarter valued at approximately $20,971,000. Finally, Wellington Management Group LLP grew its position in shares of Brookdale Senior Living by 24.5% in the 3rd quarter. Wellington Management Group LLP now owns 11,609,307 shares of the company’s stock valued at $98,331,000 after purchasing an additional 2,282,151 shares during the period.

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.