Brookdale Senior Living (NYSE:BKD) Upgraded at Zacks Research

by · The Markets Daily

Zacks Research upgraded shares of Brookdale Senior Living (NYSE:BKD – Free Report) from a hold rating to a strong-buy rating in a research report report published on Tuesday,Zacks reports.

A number of other analysts have also commented on the company. Compass Point began coverage on Brookdale Senior Living in a research report on Monday, June 15th. They issued a “buy” rating and a $22.00 price objective for the company. Barclays cut their target price on shares of Brookdale Senior Living from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 11th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookdale Senior Living in a research report on Monday, August 24th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Brookdale Senior Living has an average rating of “Buy” and an average price target of $17.40.

Check Out Our Latest Research Report on Brookdale Senior Living

Brookdale Senior Living Price Performance

Shares of Brookdale Senior Living stock opened at $10.92 on Tuesday. The firm has a 50 day simple moving average of $12.06 and a 200 day simple moving average of $13.28. Brookdale Senior Living has a fifty-two week low of $8.02 and a fifty-two week high of $17.09. The firm has a market cap of $2.61 billion, a P/E ratio of -18.82, a P/E/G ratio of 5.19 and a beta of 0.53.

Brookdale Senior Living (NYSE:BKD – Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.16. The firm had revenue of $718.58 million for the quarter, compared to the consensus estimate of $735.63 million. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 4.53%. On average, sell-side analysts expect that Brookdale Senior Living will post 0.06 EPS for the current year.

Institutional Trading of Brookdale Senior Living

A number of institutional investors and hedge funds have recently modified their holdings of BKD. WCM Investment Management LLC bought a new position in Brookdale Senior Living during the 1st quarter worth approximately $171,681,000. Wellington Management Group LLP raised its holdings in Brookdale Senior Living by 9.1% in the second quarter. Wellington Management Group LLP now owns 9,633,343 shares of the company’s stock worth $155,000,000 after purchasing an additional 802,736 shares during the period. Maple Rock Capital Partners Inc. boosted its position in shares of Brookdale Senior Living by 9.0% during the second quarter. Maple Rock Capital Partners Inc. now owns 8,888,148 shares of the company’s stock worth $143,010,000 after purchasing an additional 731,000 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Brookdale Senior Living by 20.4% in the 1st quarter. Renaissance Technologies LLC now owns 7,663,564 shares of the company’s stock valued at $104,838,000 after buying an additional 1,300,100 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Brookdale Senior Living by 3.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,194,941 shares of the company’s stock valued at $71,061,000 after buying an additional 173,454 shares in the last quarter.

About Brookdale Senior Living

(Get Free Report)

Brookdale Senior Living Inc (NYSE: BKD) is a U.S.-based senior living company that owns, manages and operates communities designed for older adults. Its offerings include independent living, assisted living, memory care and continuing care services, allowing residents to receive different levels of support as their needs change.

The company provides housing and daily living services alongside dining, wellness, social and recreational programs, transportation and care coordination. Through its ancillary services, Brookdale also offers certain home health, hospice and therapy services to residents and other older adults.

Brookdale serves communities across the United States.

See Also