Royal Bank of Canada Raises Brookdale Senior Living (NYSE:BKD) Price Target to $9.00

Brookdale Senior Living (NYSE:BKD) had its price objective increased by equities researchers at Royal Bank of Canada from $8.00 to $9.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target points to a potential upside of 30.62% from the company’s current price.

Several other equities analysts have also commented on BKD. Barclays raised their price target on Brookdale Senior Living from $7.00 to $7.50 and gave the company an “equal weight” rating in a research note on Wednesday, April 16th. Macquarie reaffirmed an “outperform” rating and set a $8.00 target price on shares of Brookdale Senior Living in a research report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $7.70.

Brookdale Senior Living Price Performance

NYSE:BKD opened at $6.89 on Thursday. The business’s 50-day moving average is $6.09 and its 200 day moving average is $5.59. Brookdale Senior Living has a 12 month low of $4.45 and a 12 month high of $8.12. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 20.05. The company has a market capitalization of $1.38 billion, a P/E ratio of -7.74 and a beta of 0.83.

Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Tuesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). Brookdale Senior Living had a negative return on equity of 65.92% and a negative net margin of 6.46%. On average, equities research analysts forecast 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 hedge funds have recently bought and sold shares of BKD. R Squared Ltd acquired a new position in shares of Brookdale Senior Living in the fourth quarter valued at approximately $33,000. GAMMA Investing LLC grew its stake in shares of Brookdale Senior Living by 1,999.4% in the first quarter. GAMMA Investing LLC now owns 7,180 shares of the company’s stock worth $45,000 after acquiring an additional 6,838 shares in the last quarter. PNC Financial Services Group Inc. acquired a new stake in shares of Brookdale Senior Living in the first quarter valued at $47,000. Lazard Asset Management LLC boosted its holdings in Brookdale Senior Living by 6,029.2% in the fourth quarter. Lazard Asset Management LLC now owns 9,868 shares of the company’s stock valued at $49,000 after purchasing an additional 9,707 shares during the period. Finally, Crestline Management LP acquired a new position in Brookdale Senior Living during the 4th quarter worth $64,000.

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.