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

Shares of Brookdale Senior Living Inc. (NYSE:BKD) have received a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $17.40.

A number of research firms have commented on BKD. Barclays reduced their price objective on Brookdale Senior Living from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 11th. Compass Point started coverage on Brookdale Senior Living in a report on Monday, June 15th. They issued a “buy” rating and a $22.00 price target for the company. Zacks Research cut Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings downgraded shares of Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th.

Brookdale Senior Living Price Performance

Shares of BKD opened at $12.19 on Wednesday. The company has a market capitalization of $2.91 billion, a P/E ratio of -21.02, a PEG ratio of 6.12 and a beta of 0.60. Brookdale Senior Living has a one year low of $7.11 and a one year high of $17.09. The business’s 50 day simple moving average is $14.39 and its 200-day simple moving average is $14.22.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings results on Monday, August 10th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.16. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 4.53%.The business had revenue of $718.58 million for the quarter, compared to analyst estimates of $735.63 million. On average, sell-side analysts anticipate that Brookdale Senior Living will post 0.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Brookdale Senior Living

Several institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd lifted its stake in Brookdale Senior Living by 44,583.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company’s stock valued at $29,000 after buying an additional 2,675 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Brookdale Senior Living in the second quarter valued at approximately $43,000. Public Employees Retirement System of Ohio bought a new stake in shares of Brookdale Senior Living during the second quarter worth $53,000. Larson Financial Group LLC bought a new stake in shares of Brookdale Senior Living during the third quarter worth $59,000. Finally, Strs Ohio acquired a new stake in shares of Brookdale Senior Living during the first quarter worth $61,000.

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.