Brookdale Senior Living Inc. (NYSE:BKD) Receives $7.75 Consensus Target Price from Brokerages

Shares of Brookdale Senior Living Inc. (NYSE:BKD) have been assigned an average recommendation of “Moderate Buy” from the four research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $7.75.

A number of analysts have recently issued reports on the stock. Macquarie reissued an “outperform” rating and issued a $8.00 price target 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 cut their target price for the stock from $7.75 to $6.00 in a research report on Monday, October 7th. Royal Bank of Canada restated an “outperform” rating and set a $9.00 price target on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Finally, Jefferies Financial Group started coverage on Brookdale Senior Living in a report on Wednesday, October 16th. They set a “buy” rating and a $8.00 price objective for the company.

Institutional Trading of Brookdale Senior Living

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Brookdale Senior Living by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 18,271,365 shares of the company’s stock valued at $120,774,000 after purchasing an additional 220,199 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Brookdale Senior Living by 11.4% in the third quarter. Wellington Management Group LLP now owns 7,826,807 shares of the company’s stock worth $53,144,000 after buying an additional 799,744 shares during the last quarter. Iron Triangle Partners LP boosted its stake in shares of Brookdale Senior Living by 21.4% during the 1st quarter. Iron Triangle Partners LP now owns 5,897,960 shares of the company’s stock worth $38,986,000 after acquiring an additional 1,038,353 shares in the last quarter. Rush Island Management LP increased its holdings in shares of Brookdale Senior Living by 31.9% during the 3rd quarter. Rush Island Management LP now owns 5,116,632 shares of the company’s stock valued at $34,742,000 after acquiring an additional 1,237,727 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Brookdale Senior Living by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 4,365,480 shares of the company’s stock valued at $29,648,000 after acquiring an additional 89,344 shares in the last quarter.

Brookdale Senior Living Price Performance

Shares of NYSE:BKD opened at $5.23 on Friday. The company has a market cap of $1.04 billion, a P/E ratio of -5.68 and a beta of 1.32. The company’s fifty day moving average is $6.27 and its two-hundred day moving average is $6.79. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 14.46. Brookdale Senior Living has a 12-month low of $4.43 and a 12-month high of $8.12.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.06). Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 59.06%. The business had revenue of $784.17 million for the quarter, compared to analyst estimates of $785.61 million. During the same period in the previous year, the firm posted ($0.22) earnings per share. Equities analysts expect that Brookdale Senior Living will post -0.7 earnings per share for the current fiscal year.

About Brookdale Senior Living

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.