Brookdale Senior Living (NYSE:BKD) Receives “Outperform” Rating from Royal Bank of Canada

Brookdale Senior Living (NYSE:BKD)‘s stock had its “outperform” rating reaffirmed by stock analysts at Royal Bank of Canada in a research report issued on Thursday,Benzinga reports. They currently have a $8.00 target price on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 46.12% from the stock’s previous close.

Separately, Macquarie reaffirmed an “outperform” rating and issued a $8.00 target price on shares of Brookdale Senior Living in a report on Friday, December 20th. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Brookdale Senior Living currently has a consensus rating of “Hold” and a consensus price target of $7.50.

Brookdale Senior Living Stock Up 0.6 %

NYSE:BKD traded up $0.04 during mid-day trading on Thursday, hitting $5.48. The stock had a trading volume of 263,785 shares, compared to its average volume of 2,273,203. The stock has a 50-day simple moving average of $4.98 and a two-hundred day simple moving average of $5.85. The company has a market capitalization of $1.09 billion, a PE ratio of -6.15 and a beta of 1.29. Brookdale Senior Living has a twelve month low of $4.45 and a twelve month high of $8.12. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 14.46.

Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Tuesday, February 18th. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.21). The firm had revenue of $780.95 million during the quarter, compared to analyst estimates of $781.78 million. Brookdale Senior Living had a negative net margin of 6.46% and a negative return on equity of 59.90%. On average, equities research analysts anticipate that Brookdale Senior Living will post -0.61 EPS for the current year.

Insiders Place Their Bets

In other news, Director Lee S. Wielansky sold 10,000 shares of Brookdale Senior Living stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $5.62, for a total value of $56,200.00. Following the transaction, the director now directly owns 211,382 shares of the company’s stock, valued at $1,187,966.84. The trade was a 4.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Brookdale Senior Living

A number of institutional investors have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Brookdale Senior Living by 16.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 573,786 shares of the company’s stock valued at $2,886,000 after acquiring an additional 79,264 shares during the period. State of Wyoming increased its holdings in shares of Brookdale Senior Living by 19.2% in the 4th quarter. State of Wyoming now owns 51,819 shares of the company’s stock valued at $261,000 after acquiring an additional 8,335 shares during the period. Sherbrooke Park Advisers LLC purchased a new position in Brookdale Senior Living in the 4th quarter valued at $80,000. Rush Island Management LP grew its position in Brookdale Senior Living by 62.3% in the 4th quarter. Rush Island Management LP now owns 8,303,926 shares of the company’s stock valued at $41,769,000 after buying an additional 3,187,294 shares during the last quarter. Finally, ProShare Advisors LLC grew its position in Brookdale Senior Living by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 53,906 shares of the company’s stock valued at $271,000 after buying an additional 17,736 shares during the last quarter.

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.