Brokerages Set Brookdale Senior Living Inc. (NYSE:BKD) Target Price at $7.75

Shares of Brookdale Senior Living Inc. (NYSE:BKD) have been given a consensus rating of “Moderate Buy” by the four brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $7.75.

BKD has been the subject of several research reports. Macquarie reiterated an “outperform” rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research report on Wednesday, October 9th. Bank of America downgraded shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $7.75 to $6.00 in a report on Monday, October 7th. Royal Bank of Canada restated an “outperform” rating and set a $9.00 price objective on shares of Brookdale Senior Living in a research report on Wednesday, October 9th. Finally, Jefferies Financial Group assumed coverage on Brookdale Senior Living in a report on Wednesday, October 16th. They issued a “buy” rating and a $8.00 target price for the company.

Brookdale Senior Living Price Performance

NYSE:BKD opened at $5.44 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 11.21. Brookdale Senior Living has a 12 month low of $4.04 and a 12 month high of $8.12. The business’s 50-day moving average is $6.36 and its 200 day moving average is $6.82. The company has a market capitalization of $1.08 billion, a P/E ratio of -5.91 and a beta of 1.32.

Brookdale Senior Living (NYSE:BKD) last posted its earnings results on Wednesday, November 6th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 55.91%. The firm had revenue of $784.17 million for the quarter, compared to the consensus estimate of $785.61 million. During the same quarter in the prior year, the company posted ($0.22) earnings per share. On average, equities research analysts forecast that Brookdale Senior Living will post -0.7 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Brookdale Senior Living

Institutional investors and hedge funds have recently modified their holdings of the business. Intech Investment Management LLC purchased a new stake in Brookdale Senior Living in the third quarter worth $408,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in Brookdale Senior Living by 41.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 376,519 shares of the company’s stock worth $2,557,000 after buying an additional 110,130 shares during the period. Quest Partners LLC bought a new stake in Brookdale Senior Living during the 3rd quarter valued at about $104,000. Victory Capital Management Inc. boosted its position in Brookdale Senior Living by 5.5% in the 3rd quarter. Victory Capital Management Inc. now owns 2,765,590 shares of the company’s stock valued at $18,778,000 after buying an additional 145,283 shares during the period. Finally, Aigen Investment Management LP grew its stake in Brookdale Senior Living by 69.5% in the 3rd quarter. Aigen Investment Management LP now owns 25,960 shares of the company’s stock worth $176,000 after acquiring an additional 10,647 shares in the last quarter.

Brookdale Senior Living Company Profile

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.