Brookdale Senior Living’s (BKD) Outperform Rating Reaffirmed at Macquarie

Macquarie reissued their outperform rating on shares of Brookdale Senior Living (NYSE:BKD) in a research report report published on Wednesday morning,Benzinga reports. Macquarie currently has a $8.00 target price on the stock.

Separately, Royal Bank of Canada reiterated an “outperform” rating and set a $8.00 target price on shares of Brookdale Senior Living in a report on Thursday, February 20th. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Brookdale Senior Living presently has an average rating of “Hold” and an average target price of $7.50.

Brookdale Senior Living Price Performance

BKD stock opened at $6.08 on Wednesday. The firm has a 50 day moving average price of $5.17 and a 200-day moving average price of $5.72. Brookdale Senior Living has a 52-week low of $4.45 and a 52-week high of $8.12. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of -6.83 and a beta of 1.31. The company has a debt-to-equity ratio of 20.05, a quick ratio of 0.88 and a current ratio of 0.88.

Brookdale Senior Living (NYSE:BKD) last released its earnings results on Tuesday, February 18th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.21). Brookdale Senior Living had a negative net margin of 6.46% and a negative return on equity of 65.92%. The business had revenue of $780.95 million for the quarter, compared to analysts’ expectations of $781.78 million. Equities research analysts forecast that Brookdale Senior Living will post -0.56 EPS for the current fiscal year.

Hedge Funds Weigh In On Brookdale Senior Living

A number of hedge funds have recently added to or reduced their stakes in BKD. Principal Financial Group Inc. raised its holdings in Brookdale Senior Living by 449.5% in the 3rd quarter. Principal Financial Group Inc. now owns 136,531 shares of the company’s stock worth $927,000 after acquiring an additional 111,686 shares during the last quarter. Atria Investments Inc raised its holdings in Brookdale Senior Living by 68.6% in the 3rd quarter. Atria Investments Inc now owns 41,469 shares of the company’s stock worth $282,000 after acquiring an additional 16,878 shares during the last quarter. Aigen Investment Management LP raised its holdings 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 during the last quarter. Victory Capital Management Inc. raised its holdings 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 worth $18,778,000 after acquiring an additional 145,283 shares during the last quarter. Finally, Quest Partners LLC purchased a new position in Brookdale Senior Living in the 3rd quarter worth approximately $104,000.

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.