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

Brookdale Senior Living Inc. (NYSE:BKD - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the four brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $7.75.

Several equities analysts have weighed in on BKD shares. 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. 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 target on the stock. Bank of America lowered Brookdale Senior Living from a "neutral" rating to an "underperform" rating and dropped their price target for the company from $7.75 to $6.00 in a research report on Monday, October 7th. Finally, 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.

Institutional Trading of Brookdale Senior Living

Several hedge funds and other institutional investors have recently modified their holdings of the company. nVerses Capital LLC bought a new position in shares of Brookdale Senior Living during the 2nd quarter valued at $25,000. Headlands Technologies LLC bought a new position in Brookdale Senior Living during the second quarter valued at about $26,000. Innealta Capital LLC acquired a new stake in shares of Brookdale Senior Living in the second quarter worth about $52,000. Sei Investments Co. bought a new stake in shares of Brookdale Senior Living during the 2nd quarter worth about $81,000. Finally, Lazard Asset Management LLC increased its holdings in shares of Brookdale Senior Living by 25.0% during the 1st quarter. Lazard Asset Management LLC now owns 13,966 shares of the company's stock valued at $92,000 after acquiring an additional 2,790 shares during the last quarter.

Brookdale Senior Living Trading Down 3.5 %

Shares of NYSE:BKD traded down $0.20 during midday trading on Friday, reaching $5.50. The company had a trading volume of 3,330,772 shares, compared to its average volume of 1,772,465. The company has a fifty day simple moving average of $6.42 and a two-hundred day simple moving average of $6.84. The company has a debt-to-equity ratio of 11.21, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of -5.98 and a beta of 1.32. Brookdale Senior Living has a 1-year low of $4.04 and a 1-year high of $8.12.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.06). Brookdale Senior Living had a negative return on equity of 55.91% and a negative net margin of 6.75%. The firm had revenue of $784.17 million during the quarter, compared to analyst estimates of $785.61 million. During the same quarter in the previous year, the business earned ($0.22) earnings per share. Research analysts predict that Brookdale Senior Living will post -0.57 earnings per share for the current 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.