Brookdale Senior Living Inc. (NYSE:BKD) Receives Average Rating of “Buy” from Analysts

Brookdale Senior Living Inc. (NYSE:BKD) has been given an average recommendation of “Buy” by the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $16.50.

BKD has been the topic of several research analyst reports. Citigroup raised Brookdale Senior Living to a “buy” rating in a research note on Tuesday, January 6th. Stephens initiated coverage on Brookdale Senior Living in a research note on Thursday, April 9th. They set an “overweight” rating and a $18.00 target price on the stock. Barclays lifted their target price on Brookdale Senior Living to $18.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. Zacks Research raised Brookdale Senior Living from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Brookdale Senior Living in a research note on Friday, February 20th.

Brookdale Senior Living Price Performance

NYSE:BKD opened at $14.04 on Thursday. Brookdale Senior Living has a fifty-two week low of $5.79 and a fifty-two week high of $17.09. The stock’s 50-day moving average is $14.70 and its two-hundred day moving average is $11.98. The stock has a market cap of $3.34 billion, a PE ratio of -12.65 and a beta of 0.73.

Brookdale Senior Living (NYSE:BKD) last released its earnings results on Wednesday, February 18th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.01). Brookdale Senior Living had a negative net margin of 8.22% and a negative return on equity of 305.28%. The business had revenue of $754.09 million for the quarter, compared to analysts’ expectations of $753.60 million. On average, equities research analysts anticipate that Brookdale Senior Living will post -0.56 earnings per share for the current year.

Hedge Funds Weigh In On Brookdale Senior Living

Institutional investors and hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. grew its stake in shares of Brookdale Senior Living by 16.8% in the 3rd quarter. Victory Capital Management Inc. now owns 2,493,480 shares of the company’s stock valued at $21,120,000 after buying an additional 358,012 shares in the last quarter. CenterBook Partners LP bought a new stake in shares of Brookdale Senior Living in the 3rd quarter valued at approximately $2,181,000. Delta Investment Management LLC bought a new stake in shares of Brookdale Senior Living in the 3rd quarter valued at approximately $836,000. Iron Triangle Partners LP grew its stake in shares of Brookdale Senior Living by 67.0% in the 3rd quarter. Iron Triangle Partners LP now owns 2,838,361 shares of the company’s stock valued at $24,041,000 after buying an additional 1,138,361 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of Brookdale Senior Living in the 3rd quarter valued at approximately $725,000.

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.